Foreign
CAMBODIA approved 123 fixed-asset investment projects worth nearly 3.3 billion dollars in the first eight months of 2022, the Council for the Development of Cambodia’s report said on Tuesday.
According to the report, the approved projects during the January-August period included garment, footwear and travel goods factories, tire factory, hotels, hospitals, automobile assembly factory, electronic factory, and fruit processing and packaging factory, among others.
Lim Heng, vice-president of the Cambodia Chamber of Commerce, said the kingdom’s successful control of the COVID-19 pandemic, the implementation of the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA) were the key factors attracting investors.
Both RCEP and CCFTA entered into force in January 2022.
“Cambodia has continued to attract a large amount of investment capital even during the pandemic.
“This truly reflects that the kingdom is a potential destination for both domestic and foreign investors, especially for the Chinese ones,” he said. (Xinhua/NAN)
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Tags: Council for the Development of Cambodia Lim Heng
