China-Cambodia New Investments
According to a report released by the Council for the Development of Cambodia, the country attracted USD 1.29 billion in fixed-asset investment from China in the first half of 2022.
The report shows that China remained the top foreign investor, accounting for 43% of the total investment worth $ 2.99 billion in the January-June period of 2022. Other foreign investments in Cambodia came from Thailand, Samoa, the British Virgin Islands, South Korea, Singapore, the Cayman Islands, Malaysia, Japan, and Australia.
Investment projects focused on agriculture and agro-industry sectors, manufacturing, tourism, and infrastructure.
The main factors encouraging more Chinese investors to Cambodia are the Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) trade deal.
Both the CCFTA and the RCEP trade deal entered into force on Jan 1, 2022.
Cambodia's General Department of Customs and Excise registered a 19.7 percent year-on-year growth in the Cambodia-China trade volume to USD 5.98 billion during the first half of 2022.