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.
Source:
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