Wednesday, October 8, 2014

PM: Cambodia’s Economic Growth To Exceed 7% This Year


8 October 2014

Prime Minister of the Kingdom of Cambodia, said the country’s GDP growth would be higher than 7% this year, thanks to fruitful progress of energy sector, and other physical infrastructure.

The reception of foreign direct investment remains strong, driven by the relocation of factories in neighboring countries and the growing investment by investors from China, Japan, South Korea and so on. The foreign direct investment inflow has been concentrated on the garment, rice milling, construction and tourism industries. Meanwhile, the World Bank said Cambodia’s GDP growth is projected to be at 7.2% this year.

Last month, the Asian Development Bank also forecasted the positive growth of Cambodia’s economy. ADB maintained its April projection for Cambodia’s economic growth at 7.0% in 2014, and 7.3% in 2015.

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