STORY: Cambodia attracts 1.1 bln USD fixed-asset investment in H1 of 2023
DATELINE: July 11, 2023
LENGTH: 0:01:59
LOCATION: Phnom Penh
CATEGORY: ECONOMY

SHOTLIST:
1. the Council of the Development of Cambodia in Phnom Penh
2. various of high-rise buildings in Phnom Penh
3. aerial view of Phnom Penh
4. various of the Sihanoukville Special Economic Zone
5. various of garment workers leaving a factory
6. various of rice mill

STORYLINE:

Cambodia attracted 113 fixed-asset investment projects worth 1.1 billion U.S. dollars in the first half of 2023, creating some 122,000 new jobs, said a Council for the Development of Cambodia's report on Tuesday.
   
"During the January-June period this year, China is the top foreign investor to Cambodia, accounting for almost two-thirds of the total investment to the country," the report said, adding that the kingdom approved investment projects worth nearly 723 million dollars from China during the period.
   
It added that other foreign investors to the Southeast Asian nation were from Vietnam, Seychelles, Thailand, South Korea, Samoa, the United States, Singapore, and Sweden.
   
Those investment projects have been focused on the manufacturing industry, agriculture, agro-industry, tourism and infrastructure, the report said.
   
Ministry of Commerce's Undersecretary of State Penn Sovicheat said the Regional Comprehensive Economic Partnership (RCEP) agreement, the Cambodia-China Free Trade Agreement (CCFTA), and Cambodia's favorable investment law are the key factors for attracting more foreign investors to the kingdom.
   
"Both the RCEP and the CCFTA are magnets to attract foreign investors to Cambodia," he told Xinhua. "Foreign direct investment, especially from China, is crucial to helping boost Cambodia's economic and trade growth in the post-COVID-19 pandemic era."

Xinhua News Agency correspondents reporting from Phnom Penh.
(XHTV)