Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Government approves new garment factory investment

Workers stitch clothes at a garment factory in the Sihanoukville Special Economic Zone.
Workers stitch clothes at a garment factory in the Sihanoukville Special Economic Zone. Sahiba Chawdhary

Government approves new garment factory investment

The Council for the Development of Cambodia (CDC) has approved a $2.45 million investment project allowing garment manufacturer Fushun Cambo Fashion Co. Ltd to set up shop in Cambodia, according to an announcement released today.

According to the CDC announcement on its Facebook page, the company will set up its new factory in the southwestern Bati district of Takeo province. Once established, the factory will provide 1,069 jobs.

The CDC, a governmental body in charge of approving large-scale investment projects, started officially announcing its decisions on Facebook last month, a move which government officials say will provide more transparency for both investors and the public to track economic development in the Kingdom.

In October alone, the CDC approved four separate projects – all related to the garment and footwear sectors – with a combined total investment capital valued at nearly $10 million.

0

Comments

Please, login or register to post a comment

Latest Video

Behind the scenes of Bird Monster Battle

The Post visited the Lakhon Khol Youth of Cambodia dance group as they practised at the Royal University of Fine Arts in preparation for a performance on Sunday at Beltei International University.

Senate passes amendments allowing seat redistribution

Following last week's events, when Prime Minister Hun Sen proposed redistributing the Cambodia National Rescue Party’s National Assembly seats among minor opposition parties, the controversial amendments were passed a