Phnom Penh (FN), Apr. 8 – Cambodia ranks first among top ten emerging markets according to their FDI (Foreign Direct Investment) momentum in 2024. Cambodia is expected to be Southeast Asia’s fastest growing economy in 2024, and has strengthened its trade relationships with China and South Korea. According to fDi Intelligence, Cambodia attracted USD2 billion in FDI across 20 projects in the first 9 months of 2023.

The Philippines ranks second. Under a newly elected government since 2022, the Philippines has taken steps to liberalize investment in key sectors like renewable energy. In 2023, foreign companies pledged nearly USD14 billion in new wind and solar power projects across the country.

Each country was ranked according to four metrics: GDP growth, Inflation, Growth in FDI Capital Expenditure, and Growth in FDI Projects.

This article was originally published on Voronoiapp.
=FRESH NEWS