A group of investors from Taiwan plan to visit Cambodia in March to seek investment opportunities and tap into the Kingdom’s economic growth, said Cambodia Chamber of Commerce (CCC) director-general Nguon Meng Tech.
Reactions to Cambodia’s economic and political outlooks for this year have been mixed as the possible loss of the EU’s Everything But Arms (EBA) scheme in February looms.
Cambodia's outward direct investment declined 13.45 per cent during the first nine months of last year compared to the same period in 2018, the National Bank of Cambodia’s (NBC) Balance of Payments Statistics Bulletin said on Monday.
The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs.
Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth.
With Bangladeshi investments in Cambodia remaining meagre, the Kingdom has called on the South Asian country to encourage its investors to channel funds here.
With Vietnam’s economic relationship with Cambodia being significantly stronger than its other Asean partners, Vietnamese ambassador Vu Quang Minh said the two countries’ trade volume will reach $5.2 billion annually.
Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week showed.
Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region.
Registrations for trademarks rose slightly in the first 11 months of last year compared to the same period in 2018, the Ministry of Commerce’s Results Review and Implementation Plan for 2020 report stated.