ZCZC
BCN-17
CAMBODIA-FIXED-ASSET-INVESTMENT-CHINA
Cambodia attracts 2.26 bln USD fixed asset investment from China in H1
PHNOM PENH, Oct. 3, 2018 (BSS/Xinhua) – Cambodia has attracted the fixed
asset investment of 2.26 billion U.S. dollars from China during the first
half of 2018, up 110 percent from nearly 1.08 billion dollars in the same
period last year, the National Bank of Cambodia (NBC) said in its economic
report.
The report, posted on the NBC’s website on Wednesday, showed that the
fixed asset investment from China accounted for 78 percent of the total
investment (2.89 billion dollars) in the Southeast Asian country during the
January-June period this year.
It said the investment has been made in the fields of agriculture,
industries, services and tourism.
Besides China, Cambodia had also received fixed asset investment from
South Korea, the United States, Thailand, Malaysia, Singapore, and Australia,
among others during the first half of this year, it added.
Cambodian Deputy Prime Minister Hor Namhong said last week that China had
been the largest investor in Cambodia since 2011 and that Chinese investment
had importantly contributed to sustaining the country’s economic growth of
around 7.5 percent per annum for years.
“Grant aid, non-interest and low-interest loans, and huge amount of
investment from China have played an important role in Cambodia’s socio-
economic development,” he said.
BSS/XINHUA/HR/1200