PHNOM PENH, March 16 (Bernama) -- Cambodia attracted US$116.5 million in foreign direct investment (FDI) in the first two months of this year, showing a recovery in FDI attraction from a decrease of 46 percent to US$5.9 billion USD last year.
The Cambodian Development Council (CDC) granted licences to nine projects worth US$75 million in January and to six others worth 41.5 million USD in February, reports Vietnam news agency on Tuesday.
The projects mainly involve in agriculture and apparel, including two garment and textile plants invested by China and Singapore, a Vietnamese-invested rice processing mill and several farm produce processing plants, according to the CDC.
The agriculture sector is becoming the most attractive area for foreign investors in the Kingdom and it has potential in the world market, especially in the European Union.
The Cambodian government has offered various incentives for investments in the sector, including tax incentives, in order to turn agriculture into the country's sustainable economic spearhead.
Cambodia has more than 6 million hectares under agricultural and industrial crops. However, only two-thirds of the acreage are under cultivated as the country lacks irrigation systems, advanced farming methods and high-yield strains.
With an output of about 7 million tonnes of rice in 2009, the government targets to produce about 8 to 9 million tonnes of rice by 2015, aiming to make rice a hard currency earner for the country.
The Cambodian Development Council (CDC) granted licences to nine projects worth US$75 million in January and to six others worth 41.5 million USD in February, reports Vietnam news agency on Tuesday.
The projects mainly involve in agriculture and apparel, including two garment and textile plants invested by China and Singapore, a Vietnamese-invested rice processing mill and several farm produce processing plants, according to the CDC.
The agriculture sector is becoming the most attractive area for foreign investors in the Kingdom and it has potential in the world market, especially in the European Union.
The Cambodian government has offered various incentives for investments in the sector, including tax incentives, in order to turn agriculture into the country's sustainable economic spearhead.
Cambodia has more than 6 million hectares under agricultural and industrial crops. However, only two-thirds of the acreage are under cultivated as the country lacks irrigation systems, advanced farming methods and high-yield strains.
With an output of about 7 million tonnes of rice in 2009, the government targets to produce about 8 to 9 million tonnes of rice by 2015, aiming to make rice a hard currency earner for the country.
This and including foriegn's AID it add up to tens of billion of dollars. Yet Hun Sen still continue to borrow from China almost another billion dollar last year.
ReplyDeleteYet, Cambodia still the poorest among the poor country. Pathetic!
Cambodia have less then 15 million populations. If this money distributes to each of the population our citizens would not living in parverty and starves.
I have another question:
When foreign owned cambodia. When Youn invade Cambodia. Where would Cambodians be living? Also to the royal family and the king. If Cambodia vanished, sdach thove souy-reach nov no-kor nah?
Do everyone see what I am seeing..?
1:17PM, Yes there are tens of billions of dollar flow through Cambodian annually. That amount is without the hidden corruption money. Imagine including the corruption money. Probably more then twenty billion dollars.....
ReplyDeleteThis is why high governmen official's children live in expensive mansion throughout the world and drive half million dollar car. All the money from corruptions of course. Very sad for poor citizens who live in parverty.
High ranking in cambodia are no longer talk about milliosns but billions as for their wealth, after walked out of 1979 with backpcaks.
ReplyDeleteLand sale, as money cleasing and rob cambodia land,Ke Kim Yan is talking about selling his land for 2.4billions.It was 4.5 billions offered before economic downturn.
Kaun khmer
Democratic Kampuchea Pol Pot Khmer Rouge Regime
ReplyDeleteMembers:
Pol Pot
Nuon Chea
Ieng Sary
Ta Mok
Khieu Samphan
Son Sen
Ieng Thearith
Kaing Kek Iev
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Tortures
Brutality
Executions
Massacres
Mass Murder
Genocide
Atrocities
Crimes Against Humanity
Starvations
Slavery
Force Labour
Overwork to Death
Human Abuses
Persecution
Unlawful Detention
Cambodian People's Party Hun Sen Khmer Rouge Regime
Members:
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Attempted Murders
Attempted Murder on Chea Vichea
Attempted Assassinations
Attempted Assassination on Sam Rainsy
Assassinations
Assassinated Journalists
Assassinated Political Opponents
Assassinated Leaders of the Free Trade Union
Assassinated over 80 members of Sam Rainsy Party.
"But as of today, over eighty members of my party have been assassinated. Countless others have been injured, arrested, jailed, or forced to go into hiding or into exile."
Sam Rainsy LIC 31 October 2009 - Cairo, Egypt
Executions
Executed over 100 members of FUNCINPEC Party
Murders
Murdered 3 Leaders of the Free Trade Union
Murdered Chea Vichea
Murdered Ros Sovannareth
Murdered Hy Vuthy
Murdered Journalists
Murdered Khim Sambo
Murdered Khim Sambo's son
Murdered members of Sam Rainsy Party.
Murdered activists of Sam Rainsy Party
Murdered Innocent Men
Murdered Innocent Women
Murdered Innocent Children
Killed Innocent Khmer Peoples.
Extrajudicial Execution
Grenade Attack
Terrorism
Drive by Shooting
Brutalities
Police Brutality Against Monks
Police Brutality Against Evictees
Tortures
Intimidations
Death Threats
Threatening
Human Abductions
Human Abuses
Human Rights Abuses
Human Trafficking
Drugs Trafficking
Under Age Child Sex
Corruptions
Bribery
Embezzlement
Treason
Border Encroachment, allow Vietnam to encroaching into Cambodia.
Signed away our territories to Vietnam; Koh Tral, almost half of our ocean territory oil field and others.
Illegal Arrest
Illegal Mass Evictions
Illegal Land Grabbing
Illegal Firearms
Illegal Logging
Illegal Deforestation
Illegally use of remote detonation bomb on Sokha Helicopter, while Hok Lundy and other military officials were on board.
Lightning strike many airplanes, but did not fall from the sky. Lightning strike out side of airplane and discharge electricity to ground.
Source: Lightning, Discovery Channel
Illegally Sold State Properties
Illegally Removed Parliamentary Immunity of Parliament Members
Plunder National Resources
Acid Attacks
Turn Cambodia into a Lawless Country.
Oppression
Injustice
Steal Votes
Bring Foreigners from Veitnam to vote in Cambodia for Cambodian People's Party.
Use Dead people's names to vote for Cambodian People's Party.
Disqualified potential Sam Rainsy Party's voters.
Abuse the Court as a tools for CPP to send political opponents and journalists to jail.
Abuse of Power
Abuse the Laws
Abuse the National Election Committee
Abuse the National Assembly
Violate the Laws
Violate the Constitution
Violate the Paris Accords
Impunity
Persecution
Unlawful Detention
Death in custody.
Under the Cambodian People's Party Hun Sen Khmer Rouge Regime, no criminals that has been committed crimes against journalists, political opponents, leaders of the Free Trade Union, innocent men, women and children have ever been brought to justice.