Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday.
It is a cumulative amount compiled by NBC and the Council for the Development of Cambodia over the period.
Of that, China, comprising mainland China, Taiwan, Hong Kong and Macao, represented nearly half of the total funds inflow at 83.5 trillion riel, rising 11.1 percent from a year ago.
This was followed by South Korea, which increased its investment by 10.4 percent to 22.4 trillion riel, Singapore (12.1 trillion riel), Japan (11.6 trillion riel) and Vietnam (10.2 trillion riel).
Based on NBC and the Council for the Development of Cambodia’s statistics, Cambodia’s investors, including Malaysia, Thailand, United Kingdom and others, have all increased their investments in the quarter ended March 31, 2023.
Accordingly, financial activities received investments of 43.8 trillion riel, making it the largest recipient of FDI, while the manufacturing sector registered 39.2 trillion riel.
Real estate and accommodation sectors garnered 21.5 trillion riel and 19.1 trillion riel, respectively, whereas FDI into the agriculture sector amounted to 17.7 trillion riel.