The Council for the Development of Cambodia reported that in January this year, Cambodia approved a total of 32 investment projects with a total investment of 187 million US dollars, and China ranked first among all countries!
According to the data, China accounted for the largest proportion of approved projects, as high as 78%, followed by Singapore with 9.65%, the United States with 5.34%, South Korea with 3.55%, and local investment with 2.73%.
Chinese investment accounts for a large part, reflecting the confidence of Chinese investors in the Cambodian government. The first month ushered in the "red start of the new year" for investment, which is a positive signal for Cambodian investment! Prime Minister Hun Manet and other senior officials have also said that Cambodia will usher in more investment in 2024!
In the new year, Cambodia will usher in more investment
Since its establishment in August last year, the new Cambodian government has been committed to improving the investment environment and mechanisms, and continues to promote major infrastructure construction projects, including international airports, deep-water ports and road transportation.
During the few months in office, Prime Minister Hun Manet visited China, the United States, and Europe, promoting Cambodia's investment potential on the international stage, meeting non-stop with representatives of enterprises from various countries, and promoting many business cooperation.
Among them, during Hun Manet's visit to China, two companies announced an investment of 3.6 billion US dollars, and some companies promised to invest more.
Recently, when Hun Manet met with representatives of the American Chamber of Commerce, the American Chamber of Commerce made it clear that it will continue to cooperate with Cambodia to attract more foreign investment in Cambodia, especially in the real estate sector.
Vice Premier Sun Zhanto has also played an important role as the "main force" in Latin American investment. During his visit to China last year, he met with 12 large Chinese companies in four days, attracting $500 million in investment, and the results of attracting investment were also remarkable.
It is worth mentioning that in the past year, business representatives from China, Japan, South Korea, Thailand, Vietnam and other countries have visited Cambodia frequently. According to the data, a total of 268 investment projects were approved last year, with a total investment of 4.92 billion US dollars, of which Chinese investment accounted for 66% of the total investment, ranking first.
In the first month of 2024, Cambodia ushered in a "red start", with an influx of 187 million US dollars of foreign investment, releasing a positive signal of foreign investment in Cambodia, and many people in the industry are also optimistic about Cambodia's foreign investment activities and its economic development.
Recently, Han Suguang, secretary of state and spokesperson for the Cambodian Ministry of Industry, Science, Technology and Innovation, said that more Chinese investors, tourists and American companies will enter Cambodia after the Chinese New Year, which will bring benefits to the Cambodian economy.
He noted that during his visits to countries such as China, the United States, France and Switzerland, he met with representatives of many companies, all of whom expressed interest in investing in Cambodia. Cambodia's advantages in human resources will drive the further development of Cambodia's economy.
Cambodia's political stability and favorable business environment, coupled with a series of preferential investment policies such as the "Belt and Road" initiative and the China-Cambodia "Diamond Six-Side" cooperation framework, the China-Cambodia Free Trade Agreement, and the RCEP Regional Comprehensive Economic Partnership Agreement (RCEP), which includes more than 10 countries, have made Cambodia more and more attractive to China and other foreign-funded enterprises. In the new year, Cambodia will attract more investment! #柬埔寨#