February 11, 2012

ASEAN member states invest 880 mln USD in Cambodia last year


PHNOM PENH, Feb. 9 -- Cambodia has attracted fixed asset investments of 880 million U.S. dollars from its ASEAN member states in 2011, according to a government report on Thursday.

Vietnam is the largest investor with the promised investment of 631 million U.S. dollars in 17 projects, following by Malaysia with 235 million U.S. dollars in six projects and Singapore 14 million U.S. dollars in one project, said the statistics of the Council for the Development of Cambodia (CDC).

It added that Vietnam's investment projects are in the fields of rubber plantation and processing and metal ore exploitation, Malaysia in the sectors of real estate, clothes manufacturing and rice milling, and Singapore in a five-star hotel development.

The report recorded that from 1994 to 2011, the ASEAN countries investing in Cambodia have only been Malaysia, Vietnam, Thailand and Singapore.

During the past 17 years, Malaysia's accumulative investments in Cambodia have amounted to 2.61 billion U.S. dollars; Vietnam 1. 2 billion U.S. dollars; Thailand 746 million U.S. dollars; and Singapore 649 million U.S. dollars.

The Association of Southeast Asian Nations (ASEAN) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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