PHNOM PENH: There was 35 new investment projects that were approved by the Council for the Development of Cambodia in the first two months of this year, an increase of 14 projects from the same period last year.

The Socio-Economic Trend of the Ministry of Economy and Finance reported, that the total capital of the non-special economic zone (SEZ) investment projects has surged by 236 percent to US$2 billion,

The licensed investment projects are expected to create approximately 31,000 new jobs, up 75.3 percent compared to the same period in 2021.

Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce, said that the new investment law and the high COVID-19 vaccination rate are key factors attracting new investments to the Kingdom.

“With high vaccination rate against COVID-19 and new investment law, Cambodia will be able to attract more and more new investments,” he said.

Since Cambodia promulgated a new legislation on investment titled the Law on Investment of the Kingdom of Cambodia In October 2021. The growth has increased.

Cambodia has so far administered one dose of COVID-19 vaccines to over 14.87 million people, or 92.97 percent of its total population of 16 million, the Ministry of Health said, adding that of them, more than 14.13 million have been fully vaccinated with two required shots