Construction projects in Phnom Penh, Cambodia (Source: www.phnompenhpost.com)Hanoi (VNA) - Cambodia attracted foreign directinvestment (FDI) worth nearly 3.6 billion USD in 2019, up 12 percentyear-on-year, an English-language daily has reported.
Forty-three percent of the last year's FDI came from China, 11 percent from the Republic of Korea, 7 percent from Vietnam, 6 percentfrom Singapore, 6 percent from Japan, and the rest from other nations, theKhmer Times reported on January 10.
The report forecast that the inflow of FDI into the countrywill rise 10 percent in 2020, reaching 3.95 billion USD.
The Cambodian central bank predicted that Cambodia'seconomic growth will be maintained at 7 percent with an inflation rate of 2.3percent in 2020, adding that this is based on the projection of the globaleconomy recovery, which will contribute to a favourable climate for exports, FDIand tourism sector.
Exports are expected to grow high, especially the exports oftravelling goods and other manufacturing products, according to the bank.
Lim Heng, vice president of the Cambodia Chamber ofCommerce, said that more FDIs are pouring into all sectors and the growth ofreal estate, construction in general and agriculture is also on the rise.
Meanwhile, senior adviser of the Supreme National EconomicCouncil in Cambodia Mey Kalyan said the country should diversify its productsand boost local products to diminish the risks./.
Forty-three percent of the last year's FDI came from China, 11 percent from the Republic of Korea, 7 percent from Vietnam, 6 percentfrom Singapore, 6 percent from Japan, and the rest from other nations, theKhmer Times reported on January 10.
The report forecast that the inflow of FDI into the countrywill rise 10 percent in 2020, reaching 3.95 billion USD.
The Cambodian central bank predicted that Cambodia'seconomic growth will be maintained at 7 percent with an inflation rate of 2.3percent in 2020, adding that this is based on the projection of the globaleconomy recovery, which will contribute to a favourable climate for exports, FDIand tourism sector.
Exports are expected to grow high, especially the exports oftravelling goods and other manufacturing products, according to the bank.
Lim Heng, vice president of the Cambodia Chamber ofCommerce, said that more FDIs are pouring into all sectors and the growth ofreal estate, construction in general and agriculture is also on the rise.
Meanwhile, senior adviser of the Supreme National EconomicCouncil in Cambodia Mey Kalyan said the country should diversify its productsand boost local products to diminish the risks./.
VNA
