According to IMF data, total FDI in Cambodia as reported by counterpart economies reached USD 41 billion in 2014, with Thailand responsible for a USD 38.7 billion that year. The IMF’s 2015 data is not yet available. According to the Council for the Development of Cambodia, the total stock of FDI for reported fixed assets in Cambodia was USD 30.2 billion in 2015. The Council for the Development of Cambodia numbers are based on projections and not actual investments. Foreign direct investment inflow based on fixed assets were projected to be USD 785 million in 2015.
Table 2: Key Macroeconomic Data, U.S. FDI in Host Country/Economy
By end of 2015, the Council for the Development of Cambodia had recorded approximately USD 85 million in U.S. registered capital investments since August 1994, equivalent to 0.5 percent of Cambodia’s GDP. Major U.S. business investments in Cambodia include: Caltex, which has a nationwide chain of service stations and a petroleum holding facility in Sihanoukville; GE; Crown Beverage Cans Cambodia Limited, which produces aluminum cans; CBREGroup, Inc.; Motorola Solutions Inc; Coca Cola; Tiffany’s, which has a diamond polishing factory; American Licorice; Otis Elevators; DuPont; and W2E Siang Phong Co., Ltd., a biogas power generation joint venture between U.S. and Dutch investors. U.S. franchises and brands with local distribution include: John Deere, Ford, Chevy, Gallo Wines, Swensen’s Ice Cream, Dairy Queen, Krispy Kreme doughnuts, Carl Jr’s, Cold Stone Creamery, Microsoft, Kohler, Domino’s Pizza, Burger King, Hard Rock Café; Coffee Bean and Tea Leaf, Starbucks Coffee, and Burger King. There are also U.S. investors in several Cambodian garment factories.
Major non-U.S. foreign investors in Cambodia include Asia Pacific Breweries (Singapore), Asia Insurance (Hong Kong), ANZ Bank (Australia), BHP Billiton (Australia), Oxiana (Australia), Infinity Financial Solutions (Malaysia), Total (France), PTT Cambodia (Thailand), Cambodia Airport Management Services (CAMS) (France), Forte Insurance (France), Manulife Cambodia PLC (Canada), Prudential (United Kingdom), Smart Axiata Co., Ltd (Malaysia), Thakral Cambodia Industries (Singapore), Petronas Cambodia (Malaysia), Charoeun Pokphand (Thailand), Siam Cement (Thailand), Bank of China (China), Cambrew (Malaysia), Aeon shopping mall (Japan), Parkson mall (Malaysia), and Metfone (Vietnam).
Some major local companies include: Sokimex Group (petroleum, hotel and tourism, and garments), Royal Group of Companies (telecommunications and information technology, banking and insurance, media and entertainment, hotel and resort properties and development, trading, and transportation), AZ Distribution (construction and telecommunications), Mong Reththy Group (construction, agro-industry, and rubber and palm oil plantations), KT Pacific Group (airport projects, construction, tobacco, food, and electronics distribution), Hero King (cigarettes, casinos, and power), Anco Brothers (cigarettes, casinos, and power), Canadia Bank (banking and real estate), Acleda Bank (banking), Men Sarun Import and Export (agro-industry and rice and rubber exports), SOMA Group (agriculture production and processing, education, energy, infrastructure, and trading), Vattanac Capital (banking, real estate, and golf resorts), and Worldbridge Group (logistics, real estate, industrial complex, construction, entertainment and media, e-commerce, and franchises). In 2009, Acleda Bank opened its first bank branch outside of Cambodia in Laos, and in 2013 it opened offices in Burma.
Table 3: Sources and Destination of FDI
According to IMF data, total FDI in Cambodia as reported by counterpart economies skyrocketed from USD 2.69 billion in 2013 to USD 41 billion in 2014, with Thailand responsible for the lion’s share, at 94.42 percent of total investment. The other top four foreign direct investment countries in Cambodia were Republic of Korea, Malaysia, France, and Denmark. The number of Cambodian investments outside the country was quite small compared to inward foreign direct investment. In 2014, outward foreign direct investment totaled USD 233 million (a 51 percent decrease compared to 2013), with around 62 percent of the total investment going to Singapore. Outward investment to the Philippines (USD 7.34 million) decreased by 72 percent compared to 2013. The IMF’s 2015 data is not yet available.
Source: IMF’s Coordinated Direct Investment Survey (http://data.imf.org/CDIS)
Table 4: Sources of Portfolio Investment
All the figures in the above tables are provided by the country of origin of the investments. Cambodian-supplied data is not available.
The total value of portfolio investment assets was USD 40.4 billion in 2014, the latest figures available. Among the top five partners, Thailand holds the largest equity securities (96 percent share). Korea ranked first in term of debt securities investment in Cambodia with 74.8 percent of total debt securities.
Data on Cambodia from the IMF’s Coordinated Portfolio Investment Survey (CPIS) site is not available.
Source: the IMF’s Coordinated Investment Survey (CDIS)