Chinese investment in Cambodia rose significantly in 2021 despite the pandemic’s impact, indicating the trust of investors from the former in the latter’s business environment, according to Cambodian officials and experts. Cambodia attracted fixed-asset investment of $2.32 billion from China last year, up by 67 per cent from $1.39 billion in the year before.
A report from the Council for the Development of Cambodia (CDC) said China was the top foreign investor in the south-east Asian nation, accounting for 53.4 per cent of the total investment of $4.35 billion the kingdom approved last year.
Heng Sokkung, secretary of state and spokesman for the ministry of industry, science, technology and innovation, said close ties, the Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) are the main factors encouraging Chinese investors.
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