Cambodia suffers FDI plunge in first quarter
Cambodia has licensed 21 FDI projects capitalizing at 131 million USD in the first quarter of this year, which showed a plunge from last year.
Illustrative image (Source: VNA)Phnom Penh (VNA) – Cambodia has licensed 21 Foreign Direct Investment (FDI) projects capitalizing at 131 million USD in the first quarter of this year, which showed a plunge in comparison with 36 projects and 955 million USD recorded in the same time in 2016.
The figures were recently announced by the Council for the Development of Cambodia (CDC).
CDC, however, showed its upbeat and forecast that the FDI flow, especially from Japan, will increase in the coming time.
CDC’s statistics shows from 1992 to the end of May, 2017, Japan has poured 1.5 billion USD in 125 investment projects in Cambodia.-VNA
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