China's FDI in Cambodian industrial sector worth $548.65 mn in Jan

The value accounts for 73.35 per cent of the country’s overall investment capital of $748 million in the month, the Cambodian Investment Board (CIB) said.

Despite the ministry of economy and finance not recording significant budgets for concession loans and grants since last year, the Council for the Development of Cambodia (CDC) has confirmed that China’s foreign direct investments (FDI) continue to surpass any other partner country.

China is followed by Vietnam at 5.52 per cent, a Cambodian media outlet reported.

Ongoing US tariffs on China, the pandemic-induced supply chain disruptions and rising costs are driving a partial shift of manufacturing out of China.

Fibre2Fashion News Desk (DS)