According to this institution’s report on progress in the banking sector, 43 percent of the foreign capital invested in this country last year came from China, followed by South Korea (11%), Vietnam (7%), and Japan and Singapore (6 percent each).
The financial sector was the largest recipient of funds at 2.38 billion dollars, more than two thirds of the total.
Senior Advisor to the Supreme National Economic Council Mey Kalyan noted the increase of FDI was due to the improvement of the business environment and a greater flexibility of the Foreign Investment Law.
Funds from abroad are one of the major contributors to the national economy, the increase in exports and job creation.
The National Bank estimated that this year, FDI in Cambodia will be close to 4 billion dollars, an increase of 10 percent.
In 2019, the Cambodian economy grew 7.1 percent, and the government has forecast growth of nearly 7 percent in 2020.
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