Cambodia approves nearly 3 bln USD investment in 1st half

The Council for the Development of Cambodia (CDC) on Thursday reported that the domestic and foreign investment in Cambodia in the first half of this year stood at 2.92 billion U.S. dollars, 172 percent increase from 1.07 billion U.S. dollars in the same period last year.

From January to June, investment in tourism have jumped to 2.23 billion U.S. dollars, up from just 17.7 million U.S. dollars in the same period a year ago.

The country approved 331 million U.S. dollars investment in garment factory, 192 million U.S. dollars in telecommunication services, 160 million U.S. dollars in agriculture.

The statistics showed domestic investors topped the rank with 1. 23 billion U.S. dollars, followed by China as the second largest investor with 1.1 billion U.S. dollars and Vietnam as the third with 156 million U.S. dollars.

In 2010, Cambodia approved the investment projects worth 2.69 billion U.S. dollars.

xinhuanet

>   Price tag set for railway link to Vietnam border (21/07/2011)

>   Cambodia’s airports see growth in 2011 (21/07/2011)

>   Enterprise awards will bring more Vietnamese investment (21/07/2011)

>   Floods add to fears of rising inflation (20/07/2011)

>   Laos proves attractive to Japanese investors (20/07/2011)

>   Businesses talk investment opportunities in Laos (20/07/2011)

>   UNDP gives 72 bln kip to realise Laos's economic growth (20/07/2011)

>   Minister ups 2011 target for inflation (19/07/2011)

>   Vietnamese firms seek to boost investment in Laos (19/07/2011)

>   Cambodia raises inflation forecast to 5.5 pct in 2011 (18/07/2011)