"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 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."
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