Cambodia attracts $1.06 billion investment in first two months

Mar 12th at 09:10
12-03-2025 09:10:14+07:00

Cambodia attracts $1.06 billion investment in first two months

Cambodia approved fixed-assets investment projects worth $1,069 million in the first two months of 2025 with a total number of projects of 104 projects, a Council for the Development of Cambodia (CDC) report showed yesterday.

 

The approved investment projects would generate some 71,000 jobs for local people, said the report.

Outstanding projects included an electronics manufacturing factory, an electronic bike and motorbike assembly plant, a steel factory, a garment and textile factory, a fruit processing plant and a luxury hotel, among others, the report added.

Of all investment projects, 60 investment projects are located outside the Special Economic Zones and 52 projects are located within the Special Economic Zones.

China took the lead in foreign direct investment (FDI) to the Kingdom, followed by local investors, Vietnamese and Singaporean investors.

Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia Sun Chanthol said, “The increasing investment flows to Cambodia reflect investors’ confidence in the strong political stability in the country.”

To attract investment in the context of likely-to-happen trade war pressures, CDC is reviewing to do more reforms, to identify the issues, and create more incentives to investors, he added.

Lim Heng, Vice-President of the Cambodia Chamber of Commerce, attributed the increasing flow of foreign direct investment to Cambodia’s participation in major trade deals like RCEP, along with preferential trade access to markets in the US and EU.

Talking to Khmer Times, he said, “These bilateral and multilateral trade pacts and trade preference schemes have given a big bold confidence to investors to invest in the country as Cambodia is a potential with preferred destinations for investments in the region.”

Last year, Cambodia attracted 414 fixed-asset investments worth a total investment capital of $6.9 billion, up 40 percent from $4.92 in the year before.

Prime Minister Hun Manet last week said that Cambodia is strategically investing in a comprehensive and interconnected physical infrastructure network, which includes expressways, deep-water ports, international airports, and logistics centres.

The Cambodian government is working diligently to dismantle and reduce trade barriers, streamline customs procedures, streamline business registration procedures, and create a legal environment with clarity and transparency, he said.

He also expressed his satisfaction with the productivity of the production chain in Cambodia, which has become more capable, such as the introduction of robots for sewing at the Marvel factory, the establishment of BYD and FORD car assembly plants, etc.

khmertimeskh

- 08:08 12/03/2025



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