An independent analyst says Cambodia could see growth as high as 10 percent in coming years if governance is improved.
Every year, thousands of Cambodians migrate to work abroad in places like Thailand or Malaysia.
In a statement to the Assembly, Prime Minister Hun Sen said Cambodia had a 30-fold difference in trade imbalance.
The $495 million dam, which China Huandian Corporation will control, is expect to produce 338 megawatts by 2015.
The Xayaburi dam is planned in Laos’ northwestern Xayaburi Province, more than 1,000 kilometers upstream from Phnom Penh.
The package included $300 million in projects for national road and irrigation projects in three provinces.
The new airport is expected to cost $1 billion and be finished in 2015.
IMF expects Cambodia’s economic growth rate to reach between 6 percent and 7 percent in 2011.
Agriculture contributes more than 30 percent to the GDP and is valued at around $10 billion per year.
The Chinese Foreign Ministry said on its website Hun Sen would pay an official visit Dec. 13 through Dec. 17.