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Thursday, January 23, 2014

Cambodia Exports 400,000 Tons of Milled Rice in 2013



                                                                                                        
Cambodia exported around 400,000 tons of milled rice in 2013, said Mr. Hean Vanhorn, Chairman of the Secretariat of One Window Service for Rice Export Formality. In 2011, the export of Cambodian milled rice to international market had amounted to 8,77 million tons, up 3,6 percent whereas it was equivalent to 9,34 million tons, up 6,3 percent in 2013. The Cambodian government has set the goal of boosting rice product to reach over 4 million tons as well as the goal of exporting 1 million tons of rice per year by 2015, he added. (Rasmei Kampuchea, 23 January 2014)

Monday, October 28, 2013

Cambodia’s Trade Deficit worth 1,48 Billion USD in the First Nine Months



In the first nine months of this year, Cambodia’s trade deficit was 1,48 billion USD worth. Cambodia’s total trade was 11,82 billion USD worth, up 20 percent in comparing to the same period last year, which was approximately 9,88 billion USD worth. From January to September, Cambodia’s export was 5,17 billion USD worth, up 28 percent, while the import was approximately 6,65 billion USD, up15,83 percent in comparing to the same period last year. (Rasmei Kampuchea, 26 October 2013)

The Export of Textile Industry Up 22 Percent in the First Nine Months



In the first nine months of this year, the growth of Cambodia’s textile industry export has increased by 22 percent in comparing to the same period last year. According to the Ministry of Commerce, the textile industry export was 4,2 billion USD, while it was only 3,44 billion USD worth last year. Cambodia’s textile industry export to international market including the United States, the European Union, Japan, South Korea and China. (Rasmei Kampuchea, 26 October 2013)

Monday, July 22, 2013

Investment Trend

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
2
7
8
4
Wood Processing
0
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)

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