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China remains biggest investor in Cambodia

China is the biggest investor in Cambodia, with cumulative investment exceeding 14 billion USD from 1994 to October 2016, according to the Council for Development of Cambodia.
China remains biggest investor in Cambodia ảnh 1Chinese President Xi Jinping (R) and Cambodian Prime Minister Hun Sen (Illustrative image - Source: thecambodiaherald.com)

Phnom Penh (VNA) – China is thebiggest investor in Cambodia, with cumulative investment exceeding 14 billion USDfrom 1994 to October 2016, according to the Council for Development of Cambodia.

The information was released at the Cambodia – China Business Forum that tookplace in Phnom Penh on December 1, gathering 600 entrepreneurs and seniorofficials of the two countries.

Cambodian Prime Minister Hun Sen said theforum is of significance to the implementation of the “One Belt and One Road”initiative.

He also spoke highly of the bilateralpartnership in all spheres, particularly in trade, investment, banking, finance,and tourism, saying trade revenue between the two countries hit 4.4 billion USDin 2015, an annual increase of 18 percent.

PM Hun Sen said China ranked second interms of the flow of tourists to Cambodia, with about 700,000 arrivals recordedin 2015. He projected the figure will reach 800,000 this year, up 14 percent year-on-year.

At the event, the Cambodian Prime Ministerdecided to issue multiple entry visas that are valid for 3 years for Chineseand Korean investors in a bid to attract more investment capital from the twonations.-VNA
VNA
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