Siem Reap Times

Thursday, Dec 26, 2024

Cambodia’s Investment Surge: $940 Million in Projects Approved for November

Over 39,000 jobs created as foreign and domestic investors show growing confidence in the Kingdom
The Council for the Development of Cambodia (CDC) approved 40 new investment projects and three production-expansion plans worth a combined $940 million in November. This represents a significant jump from October’s figures and is expected to create around 39,000 new jobs. According to a December 6 CDC statement, the ventures span garments, textiles, furniture, toys, shoes, chemicals, aluminium processing, beverages, tourism, infrastructure, and other critical sectors. Vietnam led foreign financiers with over half of the total investment, followed by China and Cambodia, and projects were spread across both special economic zones and other industrial areas.

Economist Duch Darin notes that Cambodia’s strategic location, stable political environment, and expanding free trade agreements are attracting more foreign direct investment. With the global economy on a slow path to recovery and the potential for new international trade policies on the horizon, Darin predicts continued growth. These investments, he says, underscore the Kingdom’s resilience and promise to solidify its status as a competitive manufacturing and export hub in the region.

---
Newsletter

Related Articles

Siem Reap Times
0:00
0:00
Close
Vietnamese Celebrate Christmas with Festive Spirit Across the Country
Japan Provides 10 Additional Garbage Collection Trucks to Support Cambodia's Clean Campaign
Cambodia Identifies Transport, Energy, and Public Services as Priority Sectors for Development through PPP Projects
Cambodia’s Tyre Exports Soar by Over 130% in 2024, Nearing $800 Million in Revenue
Cambodia Concludes UN Triangular Partnership Programme, Reinforcing Peacekeeping Commitment
Cambodia Advances Environmental Goals with Euro V Fuel Standard Implementation
Rare ‘Bump-Headed Fish’ Fetches High Price in Stung Treng Market
Cambodia Sets Strategic Goals for Animal Health and Production in 2025
Thousands Prepare for Grand ‘Congratulations to Cambodia’ Parade in Phnom Penh
PM Hun Manet Reaffirms Khmer as Cambodia’s Sole National Language
Angkor Wat Indochina Marathon Concludes with Record-Breaking Performances and Cultural Celebration
Health Authorities Issue Norovirus Warning Amid Seasonal Rise
Vietnamese Runners Shine at Angkor Wat Indochine Marathon
Koh Rong Reservoir Plans Aim to Solve Water Shortages and Support Tourism
Cambodia Book Fair 2024: Inspiring a Culture of Lifelong Learning
Cambodia Advances Agricultural Policy with Insights from CAS 2022 and CAS 2023
Cambodia Introduces Visa-Free Entry for 11 Countries
US and Chinese Naval Presence at Ream Base Highlights Cambodia’s Strategic Balancing Act
Vietnam Police Bust Drug Trafficking Ring Smuggling from Cambodia and Laos
Malaysia to Relaunch Search for Missing Flight MH370 After 10 Years
Cambodia Football Body Probes Match-Fixing Allegations After ASEAN Loss
Climate Change Threatens Livelihoods in Cambodia's Chong Koh Floating Village
Cambodia Plans to Seek $2 Billion in Special Drawing Rights for Development in 2025
Japanese Ship to be First at Ream Port After Redevelopment
Heartbreak for Cambodia: Thailand Secures 3-2 Victory in ASEAN Cup
Pernod Ricard Introduces E-Labels in Cambodia to Promote Responsible Drinking
Cambodia to Graduate from Least Developed Country Status in 2029
Cambodia Approves Record Investments in 2024, Boosting Economic Confidence
Cambodian Farmers Struggle Amid Unpredictable Climate Challenges
Tandem Partners and Worldbridge Group Forge Strategic Partnership in Cambodia
Covenant Breaches Pose Risks to Cambodian Banks Amid Slower Credit Growth
Guanyun’s Lingerie Industry Faces Challenges Amid U.S. Trade Policy Shifts
World Coal Use to Hit Record High in 2024 Despite Climate Concerns
YSEALI Summit 2024: Young Leaders Champion Creative Economy in ASEAN
Kampot’s Organic Rice Project Sees 42 Percent Increase in Yields
Cambodia Launches Property Verification Service to Boost Transparency and Financial Inclusion
Bay of Lights: Transforming Sihanoukville into a Global Coastal Destination
[RE]CONNEXION Exhibition Opens in Phnom Penh
TikTok Appeals to U.S. Supreme Court to Block Looming Ban
Cambodia’s Life Expectancy Rises to 76.6 Years in 2024
Prime Minister Calls for Responsible Journalism Ahead of Editors Forum
Cambodia's Textile Exports Surge to Over $10 Billion in 2024
Prek Por Pumping Station Transforms Lives in Kampong Cham
Cambodia Urges Legal Action to Prevent Dry Season Forest Fires
CREWS Cambodia and Lao PDR 2.0 Project Proposal Underway
Charges Upgraded in Cambodian Journalist’s Fatal Shooting
OCIC Wins Prestigious Property Awards for Koh Pich and Connexion
Cambodia to Launch National Cleanup and Water Quality Campaigns in 2025
Cambodia Travel Match Connects Global Tourism Leaders in Kampot
Indonesians Flock to Cambodia’s Online Gambling Industry
×