Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting |
Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting |

Cambodia Tops List of Emerging Markets for Investment in 2024

PHNOM PENH, May 17, 2024 — Cambodia has been ranked the number one emerging market for investment in 2024, according to a recent report by fDi Intelligence. The report highlights the top ten emerging markets, with Cambodia leading the pack due to its robust GDP growth, low inflation rate, and significant increases in foreign direct investment (FDI) metrics.

The report shows Cambodia achieving a GDP growth of 6.1%, an inflation rate of 3.0%, a 393% increase in FDI capital expenditure, and a 110% growth in FDI projects. These impressive statistics underscore Cambodia's growing appeal to investors and its strategic importance in the global market.

The Philippines follows Cambodia, with a GDP growth of 5.9% and a 312% increase in FDI capital expenditure. Kenya, Iraq, and Namibia also feature prominently in the list, showcasing diverse opportunities across various regions.

GOVERNMENT INITIATIVES AND ECONOMIC STABILITY

Cambodia's top ranking is a testament to the country's proactive measures to attract foreign investment. The Royal Government of Cambodia has implemented policies to streamline business processes, enhance infrastructure, and foster a conducive investment environment. These efforts have paid off, as reflected in the substantial growth of FDI projects and capital expenditure.

DIVERSIFICATION AND ECONOMIC GROWTH

Cambodia's economy has diversified beyond its traditional reliance on the garment sector. Non-garment exports, including electrical and vehicle parts, have expanded, accounting for 13% of total exports in 2023, up from 5% in 2019. This diversification has bolstered the country's economic resilience and attractiveness to foreign investors.

TOURISM AND FDI INFLOWS

The tourism sector, a significant contributor to Cambodia's economy, has also seen a robust recovery. In 2023, international tourist arrivals reached 5.4 million, approaching 82% of pre-pandemic levels. This resurgence in tourism, combined with stable FDI inflows—remaining around 10% of GDP in 2022-23—further strengthens Cambodia's economic position.

CHALLENGES AND OPPORTUNITIES

While the outlook is positive, Moody's Investors Service has noted potential risks, particularly in the real estate sector. A downturn in this sector could impact financial stability and the banking system. Nonetheless, Cambodia's efforts to diversify its investment sources and sectors are expected to mitigate these risks.

REGIONAL COMPARISONS

Other countries in the top ten list include Kazakhstan, Azerbaijan, Morocco, Serbia, and India, each presenting unique opportunities and challenges. For instance, Namibia saw the highest growth in FDI capital expenditure at 570%, highlighting its emerging potential despite a lower GDP growth rate of 2.7%.

CONCLUSION

Cambodia's emergence as the top market for investment in 2024 underscores its dynamic economic growth and strategic initiatives to attract and sustain foreign investment. As the country continues to develop its infrastructure and diversify its economy, it stands as a compelling destination for global investors seeking opportunities in emerging markets.



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