In the first four months of this year, the Cambodia Development Council (CDC) approved 52 investment projects with an agreed investment of US$2.5 billion.
With the new investment law encouraging foreign investment and bilateral and multilateral free trade agreements to boost exports, the World Bank is optimistic that Cambodia’s future investment and trade will continue to grow.
The World Bank predicts that Cambodia’s economic growth rate will accelerate from 3% last year to 4.5% this year, and will return to a potential growth rate of 6% within five years.
In the RCEP study on economic and distributional impacts, the World Bank pointed out that in terms of real income and export growth ratios, Cambodia’s real income growth rate between 2022 and 2035 will reach about 4%, the degree of benefit is ranked among the 15 signatories. The third place, after Vietnam and Malaysia (both about 5%).
Source: The Cambodia China Post