According to the “ASEAN Investment Report 2019,” Cambodia’s FDI inflows reached an all-time high last year, with growth concentrated in manufacturing and services, particularly finance and insurance. Foreign direct investment increased by 15% to US$3.1 billion, the highest level ever recorded.
Cambodia’s record FDI number is easily dwarfed by what other member states of the Association of Southeast Asian Nations are receiving, considering that the region’s FDI inflows reached a record high of $155 billion last year, of which Singapore received $77 billion, Indonesia $22 billion, and Vietnam $16 billion.
China is no doubt the current largest investor in Cambodia. In 2017 and 2018, China accounted for 23% and 26% of the total $2.7 billion and $3.1 billion respectively. It was followed by a combined FDI from ASEAN member states, at 22% and 25% in 2017 and 2018 respectively.