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    Cambodia attracts over USD3B in investments, USD300M in rice exports

    PHNOM PENH (XINHUA) – Cambodia attracted fixed-asset investment of USD3.76 billion in the first nine months of 2023, up 8.6 per cent from USD3.46 billion over the same period last year, a Council for the Development of Cambodia’s report showed yesterday.

    The Southeast Asian nation approved 191 investment projects during the January-September period this year, up 27 per cent from 150 projects over the same period last year, the report said.

    Five top foreign investors to Cambodia were from China, Malaysia, British Virgin Islands, Singapore and Vietnam.

    In other news, Cambodia also exported 456,581 tonnes of milled rice in the first nine months of 2023, making the total revenue of USD327.4 million, the Cambodia Rice Federation (CRF) said in a news release on Friday.

    The country shipped milled rice to 57 countries and regions during the January-September period this year, the news release said, adding that China remained the top buyer of the commodity.

    The kingdom exported 155,366 tonnes of rice to China during the period, earning the gross revenue of USD99.6 million, the news release said.

    CRF president Chan Sokheang has set a full-year milled-rice export goal for the kingdom at 700,000 tonnes in 2023, saying that China is a huge market for the commodity.

    The rice varieties exported included fragrant rice, organic rice, white rice, parboiled rice and japonica rice.

    PHOTO: ENVATO
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