Cambodia approves investment projects worth US$4.2bil in January-May period
PHNOM PENH: Cambodia attracted fixed-asset investment of US$4.2 billion in the first five months of 2025, up 52 per cent compared to the same period last year, said a Council for the Development of Cambodia (CDC)'s report released on Tuesday (June 10).
The country approved 290 investment projects during the January-May period this year, up 89 per cent from 153 projects in the same period last year, generating roughly 203,000 jobs, the CDC said.
China remained the top foreign investor in the kingdom, accounting for 62.27 per cent of the total investment amount, the CDC said.
Cambodian Ministry of Commerce's Secretary of State and spokesperson Penn Sovicheat (pic) said the Regional Comprehensive Economic Partnership (RCEP) agreement and Cambodia's bilateral free trade agreements with China, South Korea, and the United Arab Emirates are major factors in attracting foreign direct investment.
"These free trade pacts are magnets for foreign investors to Cambodia," he told Xinhua.
Sovicheat said new investments would bring new capital, technologies and job opportunities for Cambodian people. - Xinhua
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