PHNOM PENH, Jan. 28 (AP) - (Kyodo)—Foreign direct investment in Cambodia in 2009 dropped 47 percent compared with a year earlier, according to government statistics obtained Thursday.
The total value of foreign investment projects approved by the government in 2009 was $6 billion compared with $11.36 billion in a decline of 47 percent.
Youn Heng, head of evaluation for the governmental Council for the Development of Cambodia, blamed the fall in FDI on the restricted flow of capital resulting from the global economic and financial crisis.
The data show China remained the largest investor in 2009 despite a steep decline in its investments from $4.48 billion in 2008 to $930 million last year.
South Korea, which ranked second in 2008, came in sixth place in 2009 after China, Singapore, Russia, Vietnam and Thailand.
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