Cambodia Attracts $48.4 Billion in FDI Over Six Years

Cambodia has attracted a total of $48.4 billion in foreign direct investment (FDI) from 2018 to 2023, according to a news release from the National Bank of Cambodia (NBC).

The primary sources of FDI were China, which accounted for 45.6% of the total FDI, followed by South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, Canada, and the United Kingdom.

Investment inflows were directed into key sectors of the Cambodian economy, including financial activities, manufacturing, real estate, accommodation, agriculture, energy, and construction.

Penn Sovicheat, Secretary of State and Spokesperson for the Cambodian Ministry of Commerce, highlighted the impact of the Regional Comprehensive Economic Partnership (RCEP) agreement and other bilateral free trade agreements (FTAs), alongside Cambodia’s new investment law, as significant factors in attracting FDI to the country.

“RCEP and other bilateral FTAs are magnets for foreign investors to Cambodia,” Sovicheat told Xinhua. “FDI, especially from China, is crucial for boosting Cambodia’s economic and trade growth.”

Cambodia currently holds bilateral FTAs with China, South Korea, and the United Arab Emirates, further enhancing its attractiveness to foreign investors.