Chinese investment applications in Thailand surpassed those made by Japanese companies for the first time in 2019, standing at 262 billion baht (8.66 billion USD), the Board of Investment (BoI) has announced.
Cambodia lured more than 3.58 billion USD in foreign direct investment (FDI) in 2019, a year-on-year surge of 11.7 percent, with Chinese investment accounting for 43 percent of the total figure, according to the National Bank of Cambodia (NBC).
Chinese investment is flowing into ASEAN once more as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the US are prompting Chinese companies to invest in parts of Southeast Asia, according to a report from Maybank Kim Eng.
Cambodian authorities said on June 23 that the death toll in a seven-storey building collapse in the southern province of Preah Sihanouk rose to 18, while the number of injured people was 24.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on May 23 received a delegation of the All-China Federation of Industry and Commerce (ACCIC), led by its vice president Xu Lejiang.
Laos is among 15 countries worldwide receiving the biggest investment from China in the energy sector, Vientiane Times on October 15 quoted a World Bank report as saying.
Businesses in Beijing and Tianjin and Hebei provinces in China want to promote investment and trade with Vietnamese partners, according to the Tianjin Foreign Economic and Trade Promotion Association.
The Bank of China in Ho Chi Minh City and China’s Shenzhen Stock Exchange held a conference in HCM City on December 5, aiming to seek cooperation with Vietnamese securities companies to lure Chinese investment to Vietnam.
Malaysian Prime Minister Najib Razak has said the economic and trade ties between Malaysia and China are growing, and Chinese investment in the Southeast Asian country will continue going up.
China has pledged to increase its development aid for Cambodia in the future, with 450 million USD added to the current annual grant and soft loan of about 500 million USD.
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