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

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh