Logo of Phnom Penh Post newspaper Phnom Penh Post - Factory openings provide 50,000 new jobs

Factory openings provide 50,000 new jobs

Garment workers manufacture clothing at a factory in Phnom Penh's Por Sen Chey district in 2014.
Garment workers manufacture clothing at a factory in Phnom Penh's Por Sen Chey district in 2014. Vireak Mai

Factory openings provide 50,000 new jobs

More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said yesterday.

Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from January through September, providing 51,548 new jobs.

“According to our figures, factory growth was 11 percent larger than during the same period a year ago,” he said, adding that the openings push the total number of registered factories in the Kingdom to 1,554.

“Some small factories have shut down because they were just operating as subcontractors, however, the big factories are all operating as normal,” Sotha said.

He projected strong factory growth figures for the remainder of the year, noting that beverage giant Coca-Cola was expected to open a new $100 million factory in Phnom Penh SEZ in December.

In addition, manufacturers are expected to open factories to take advantage of the US government’s recent decision to expand the Generalised System of Preferences (GSP) scheme to allow travel goods produced in Cambodia to enter the US market duty-free.

Ministry data also showed that 260 new small- and medium-sized enterprises (SMEs) registered during the first nine months of the year, creating 2,344 jobs. This brings the total number of registered SMEs to 39,091, which collectively provide nearly 200,000 jobs.

MOST VIEWED

  • Hun Sen: Stop Russia sanctions

    Prime Minister Hun Sen said sanctions against Russia as a result of its military offensive in Ukraine should be stopped as they have produced no tangible results, and predicted that a global food crisis would ensue in 2023 as a consequence. Speaking to an audience at

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Siem Reap’s Angkor Botanical Garden opens

    The Angkor Botanical Garden was officially opened on May 19 with free entry for both local and international visitors for the first six weeks. The garden was established on a nearly 15ha plot of land in Siem Reap. “After the first six weeks, Angkor Botanical Garden

  • Pub Street on the cards for Battambang

    The Battambang Provincial Authority has announced that it is considering establishing a Pub Street in the area around the heritage buildings in Battambang town in a bid to attract more tourists. Battambang provincial governor Sok Lou told The Post that the establishment of a Pub

  • Hun Sen: Don’t react to hostility

    Prime Minister Hun Sen urged tolerance and thanked members of the Cambodian diaspora for not reacting to the hostility on display towards him by others while he was in the US to attend the May 12-13 ASEAN-US Special Summit in Washington, DC. In an audio