Cambodia gets about 320 mln USD investment from ASEAN last year

Cambodia gets about 320 mln USD investment from ASEAN last year

Shanghai Daily | 2 February 2016

PHNOM PENH, Feb. 2 (Xinhua) -- Cambodia attracted the fixed asset investment of 319.4 million U.S. dollars from its ASEAN member states in 2015, up 56 percent from a year earlier, according to a government report on Tuesday. 

The figure for 2014 stood at 204.8 million U.S. dollars, said the report of the Council for the Development of Cambodia. 

Among the ASEAN countries, Singapore was the largest investor in Cambodia last year with a promised investment of 101 million U.S. dollars, followed by Vietnam with 89 million U.S. dollars, Malaysia with 74.7 million U.S. dollars and Thailand with 54.7 million U.S. dollars, it said. 

Chea Vuthy, deputy secretary-general of the Council for the Development of Cambodia, said the increase truly reflected the country's investment potential for investors. 

"Those investment projects have been focused on four sectors, namely infrastructure, industries, agriculture and tourism," he told an investment promotion forum in Phnom Penh. 

The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.