China direct investment to Cambodia increases by 70% during Covid-19

Direct investment from China to Cambodia still increases by 70% during Covid-19

The Chinese Embassy in Cambodia said on its official Facebook page on January 1, 2021 that despite the harassment of Covid-19, direct investment from China to Cambodia in the first 11 months of 2020 To reach 860 US, an increase of 70% compared to the same period in 2019.

According to the Chinese Embassy in Cambodia, the major investment projects that are still running smoothly include the Huadian Power Station in Sihanoukville and the completed Phnom Penh-Sihanoukville Expressway project. Construction 39%. The number of enterprises in the Sihanoukville Special Economic Zone has been steadily increasing. In addition, the new Siem Reap Angkor International Airport has also begun construction of a terminal and a flight deck. In addition, a large Chinese company recently signed an agreement on a BOT investment project for the Stung Tatai Leu hydropower station.

The National Bank of Cambodia’s Macroeconomic and Banking Progress Report 2020 and Outlook 2021 show that despite the sharp decline in foreign direct investment and foreign exchange earnings Remarkably, Chinese direct investment continues to grow.

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