Thursday, October 18, 2007

UNCTAD launches World Investment Report 2007 in Cambodia

PHNOM PENH, Oct. 17 (Xinhua) -- The United Nations Conference on Trade and Development (UNCTAD) launched the World Investment Report 2007 here on Wednesday.

This is the third time for Cambodia to host the launch of the World Investment Report, Cham Prasidh, Cambodian Minister of Commerce, said while addressing the launching ceremony, which was held at the Council for the Development of Cambodia (CDC).

Sven Callebaut, regional expert for the UNCTAD for Cambodia and Laos, presented a copy of World Investment Report 2007 to Cham Prasidh after officially launching the book during the ceremony.

Meanwhile, Cham Prasidh delivered some figures about the investment in Cambodia during his speech.

So far, the total investment in Cambodia registered at the CDC has been amounted to about 10,000 million U.S. dollars, including 9,417 million U.S. dollars of foreign direct investment (FDI), Cham Prasidh said.

The total investment was composed of 1,091 million U.S. dollars of investment in agriculture, 1,848 million U.S. dollars of investment in industry and manufacturing, 2,689 million U.S. dollars of investment in tourism industry and 4,380 million U.S. dollars of investment in infrastructure and service, he said.

From January to September this year, the total investment in Cambodia has been amounted to 1,812 million U.S. dollars, including 861 million U.S. dollars of FDI, Cham Prasidh said, adding that the investment in Cambodia was composed of 56 million U.S. dollars of investment in agriculture, 249 million U.S. dollars of investment in industry and manufacturing, 934 million U.S. dollars of investment in tourism industry and 572 million U.S. dollars of investment in infrastructure and service.

2 comments:

Anonymous said...

Wow! I must be in heaven or something to hear such a great news with so much hopes for our future.

And on behalf of all khmer people, I like to thanks you deep deeply to our great ministry of commerce for their dedication, hard works, and caring for Cambodia.

God blesses all!!!

Chey Yoh, Kampuchea!

Anonymous said...

While I am very happy with this news, I would like to urge the ministry of commerce to encourage and invest in our domestic economy as well, such as providing low interest loan and training for starting and maintaining small business. I believed this will help regulate inflation in the country over time, and at the same time improving the standard of living for everyone.