Cambodia’s economy grows by 7.3% in 2012: PM

Cambodia achieved a GDP growth rate of 7.3 percent last year, Prime Minister Hun Sen said Wednesday, forecasting that the growth would be higher than 7 percent this year. Addressing a conference on 2013 Cambodia Outlook, he said the growth last year came from strong growth in agriculture, especially rice production, tourism, real estate and construction combined with strong rise in financial sector, moderate rise in garment exports, and rising public and private investment. … On the construction side, the sector attracted the investment projects of 2.1 billion U.S. dollars last year, a 72 percent rise year-on-year, while the garment exports made total revenue of 4.6 billion U.S. dollars, up 8 percent. In terms of investment, the Southeast Asian nation received 157 domestic and foreign investment projects with total investment of 2.28 billion U.S. dollars last year. …

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