1. FDI Trend
Investment projects, which are approved by the Council for the
Development of Cambodia (CDC) to grant investment incentives and
guarantee, consist of Cambodian and foreign capital. Those projects were
called “Investment Projects” under the Law on Investment of 1994 and
are now called “Qualified Investment Projects (QIPs)” under the Law on
Amendment to the Law on Investment of 2003.
In 1995, one year after the enactment of the Law on Investment, the
fixed asset investment amount approved by the CIB (CDC) totaled 2.3
billion dollars. From 1994 to 2005, the annual average of twelve years
was 640 million dollars, and during the following five years (2006 to
2010), the average amount became approximately 8.3 times larger as 5.3
billion dollars. In 2011, the fix asset investment amount approved by
the CIB (CDC) reached 5.7 billion dollars until September 2011. From
1994 to September 2011, the cumulative investment approved by CIB (CDC)
is 39.9 billion dollars[1]. Below Table shows such overall investment
approval trend in Cambodia.
Investments Approved by CDC by Major Countries (1994 – September 2011)
Million USD
Country
|
1994-2005
Total
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
1-9
|
1994-2011.9
Total
|
|
Rank
|
|
|
|
|
|
|
|
Rank
|
Cambodia
|
2,260
|
-
|
2,081
|
1,323
|
3,932
|
3,753
|
391
|
1,367
|
15,107
|
-
|
China
|
864
|
2
|
717
|
180
|
4,371
|
893
|
694
|
1,147
|
8.866
|
1
|
Korea
|
351
|
5
|
1,010
|
148
|
1,238
|
120
|
1,026
|
134
|
4.027
|
2
|
Malaysia
|
1,932
|
1
|
28
|
241
|
3
|
7
|
167
|
231
|
2,609
|
3
|
UK
|
103
|
10
|
4
|
26
|
6
|
6
|
11
|
2,222
|
2,378
|
4
|
USA
|
366
|
4
|
62
|
3
|
672
|
2
|
36
|
144
|
1,285
|
5
|
Taiwan
|
529
|
3
|
48
|
40
|
22
|
27
|
92
|
69
|
827
|
6
|
Vietnam
|
25
|
11
|
56
|
139
|
21
|
210
|
115
|
246
|
812
|
7
|
Thailand
|
284
|
6
|
100
|
108
|
74
|
178
|
2
|
0
|
746
|
8
|
Singapore
|
260
|
7
|
12
|
2
|
52
|
273
|
37
|
0
|
636
|
9
|
Russia
|
2
|
13
|
278
|
0
|
103
|
235
|
0
|
0
|
618
|
10
|
HKG
|
244
|
8
|
4
|
26
|
0
|
7
|
30
|
68
|
379
|
11
|
Israel
|
-
|
14
|
0
|
2
|
300
|
0
|
2
|
0
|
304
|
12
|
France
|
208
|
9
|
0
|
35
|
6
|
50
|
0
|
0
|
299
|
13
|
Japan
|
20
|
12
|
2
|
113
|
8
|
5
|
0
|
4
|
152
|
14
|
Others
|
229
|
-
|
38
|
270
|
81
|
93
|
88
|
42
|
841
|
-
|
Total
|
7,677
|
-
|
4,440
|
2,656
|
10,889
|
5,859
|
2,691
|
5,674
|
39,886
|
-
|
Source: CIB (CDC)
As shown in Below Table, the FDI ratio among the total investment
amount approved by the CIB (CDC) between 1994 and 2005 was approximately
71%. Such FDI ratio dropped to approximately 36% in 2009 and increased
to 85% in 2010. Consequently, overall FDI ratio was approximately 62% of
the total approved investment amount from 1994 to September 2011.
Investment Fixed Assets by Source of Investment: 1994-September 2011
Million USD
|
Foreign (a)
|
Cambodia
|
Total (b)
|
FDI ratio: (a)/(b) %
|
1994 – 2005
|
5,417
|
2,260
|
7,677
|
71%
|
2006
|
2,359
|
2,081
|
4,440
|
53%
|
2007
|
1,333
|
1.323
|
2,656
|
50%
|
2008
|
6,957
|
3,932
|
10,889
|
64%
|
2009
|
2,106
|
3.753
|
5,859
|
36%
|
2010
|
2,300
|
391
|
2,691
|
85%
|
2011 (1-9)
|
4,307
|
1,367
|
5,674
|
76%
|
Total
|
24,779
|
15,107
|
39,886
|
62%
|
Source: CIB (CDC)
In terms of the cumulative FDIs approved in the period of around 18
years ending at September 2011, the largest amount of 8.9 billion US
dollars came from China. The second biggest FDI provider is Korea
followed by Malaysia. The other major sources of FDI are UK, USA,
Taiwan, Vietnam, Russia and Singapore. Below Figure shows the investment
approval trend by five leading countries.
Source: CIB (CDC)
Figure II-2-1 Investment by Leading Countries
[1] The quoted figures do not include the followings.
- The QIPs locating in the SEZ, including the SEZ development projects
- The QIPs that the PMIS approved (Less than 2 million USD)
- Non-QIPs that have been registered with MOC
2. Investment Trend by Industry
As for the composition by industrial sector, tourism accounts for 50%
of the cumulative investment amount at September of 2011, while
investment amount in tourism has been changing rapidly every year owing
to extensive investment in the initiative days and high amount approved
in 2008 and 2009. Investment in industries has been increasing gradually
from 2006 to 2011. Investment amount in agriculture sector has remained
stably except for 2008. Investment in service sector was dropped in
2009 due to decrease of investment in construction sector damaged by the
economic crisis, but recovered in 2010. (Shown in below Tables and
Figure)
Investment Approved by CIB by Sector: 1994 – September 2011
Million USD
|
Agriculture
|
Industries
|
Services
|
Tourism
|
Total
|
1994-2005
|
344
|
3,147
|
1,800
|
2,386
|
7,677
|
|
2006
|
505
|
987
|
2,171
|
777
|
4,440
|
|
2007
|
371
|
338
|
653
|
1,294
|
2,656
|
|
2008
|
95
|
726
|
1,292
|
8,776
|
10,889
|
|
2009
|
590
|
958
|
410
|
3,901
|
5,859
|
|
2010
|
554
|
946
|
1,059
|
132
|
2,691
|
|
2011(1-9)
|
284
|
2,695
|
192
|
2,503
|
5,674
|
2006-2011(9)
|
2,399
|
6,650
|
5,777
|
17,383
|
32,209
|
Total (1994-2011.9)
|
2,743
|
9,797
|
7,577
|
19,769
|
39,886
|
Percentage
|
6.88%
|
24.56%
|
19.00%
|
49.56%
|
100.00%
|
Source: CIB (CDC)
Source: CIB (CDC)
Investment Trend by Sector (2006-2011.9)
CIB-Approved QIPs by Sector in Cambodia (1994-2011.9)
SECTOR
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
(Jan-Sep)
|
1.Agriculture
|
20
|
9
|
5
|
19
|
23
|
12
|
2.Industries
|
64
|
93
|
66
|
65
|
74
|
82
|
|
Energy
|
5
|
2
|
6
|
5
|
4
|
0
|
Food Processing
|
1
|
2
|
1
|
2
|
5
|
1
|
Garment/Textile
|
44
|
45
|
37
|
24
|
41
|
62
|
Machine/ Metal/ Electronics
|
2
|
2
|
1
|
1
|
2
|
2
|
Mining
|
1
|
19
|
4
|
7
|
2
|
3
|
Petroleum
|
0
|
0
|
0
|
1
|
0
|
0
|
Plastic
|
0
|
2
|
2
|
1
|
2
|
0
|
Shoes
|
7
|
７
|
2
|
7
|
8
|
4
|
Wood Processing
|
0
|
４
|
0
|
4
|
1
|
0
|
Others
|
4
|
１０
|
13
|
13
|
9
|
10
|
3. Services
|
8
|
13
|
9
|
4
|
2
|
2
|
|
Construction/ Infrastructure
|
6
|
12
|
6
|
4
|
2
|
1
|
Services
|
2
|
1
|
3
|
0
|
0
|
1
|
4.Tourism
|
9
|
14
|
20
|
12
|
3
|
5
|
|
Hotel
|
4
|
5
|
6
|
1
|
1
|
1
|
Tourism
|
5
|
9
|
14
|
11
|
2
|
4
|
Total
|
101
|
129
|
100
|
100
|
102
|
101
|
Source: CIB (CDC)
CIB-Approved Investment Trend by Sector in Cambodia (1994-2011.9)
Unit: Million USD
SECTOR
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
(Jan-Sep)
|
1.Agriculture
|
505
|
371
|
95
|
590
|
554
|
284
|
2.Industries
|
987
|
337
|
726
|
958
|
946
|
2,695
|
|
Energy
|
596
|
11
|
494
|
665
|
589
|
0
|
Food Processing
|
4
|
21
|
4
|
12
|
40
|
7
|
Garment/Textile
|
149
|
205
|
147
|
93
|
134
|
280
|
Machine/ Metal/ Electronics
|
4
|
4
|
12
|
2
|
8
|
6
|
Mining
|
3
|
31
|
5
|
15
|
92
|
31
|
Petroleum
|
0
|
0
|
0
|
3
|
0
|
0
|
Plastic
|
0
|
5
|
6
|
2
|
6
|
0
|
Shoes
|
31
|
26
|
12
|
28
|
48
|
17
|
Wood Processing
|
0
|
7
|
0
|
16
|
2
|
0
|
Others
|
200
|
27
|
46
|
122
|
27
|
2,354
|
3. Services
|
2,171
|
653
|
1,292
|
410
|
1,059
|
192
|
|
Construction/ Infrastructure
|
2,156
|
640
|
260
|
410
|
1,059
|
101
|
Services
|
15
|
13
|
1,032
|
0
|
0
|
91
|
4.Tourism
|
777
|
1,295
|
8,776
|
3,901
|
132
|
2,503
|
|
Hotel
|
21
|
113
|
1,189
|
17
|
4
|
58
|
Tourism
|
756
|
1,182
|
7,587
|
3,884
|
128
|
2,445
|
Total
|
4,440
|
2,656
|
10,889
|
5,859
|
2,691
|
5,674
|
Source: CIB (CDC)
