PHNOM PENH, Jan. 23 (Xinhua) -- The foreign direct investment (FDI) to Cambodia jumped 25 percent in 2016 to 2.15 billion U.S. dollars, the Khmer Times reported on Monday, citing a report from the National Bank of Cambodia (NBC).
The NBC report said 539 million U.S. dollars went to the banking sector, while 390 million U.S. dollars was directed to the manufacturing sector, 370 million U.S. dollars to real estate and 232 million U.S. dollars to agriculture.
FDI flow into sectors like food and accommodation was 228 million U.S. dollars, 19 million U.S. dollars for mining operations, 15 million U.S. dollars for information and communications technology, 15 million U.S. dollars for the electrical sector and 278 million U.S. dollars for other sectors.
The report said China was the largest foreign investor last year, with an inflow of 748 million U.S. dollars, followed by Vietnam with 192 million U.S. dollars, Japan with 185 million U.S. dollars and 169 million U.S. dollars from Singapore.
NBC Governor Chea Chanto said at the NBC's annual meeting on Saturday that Cambodia maintains strong macroeconomic and financial stability despite fluctuations in the global economy caused by Brexit and the slowdown of China's economy.
"Cambodia's economy continues to grow by an average of 7 percent yearly due to its strong garment, property and construction sectors," he was quoted as saying by the newspaper.
