Login Register

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

Government approves new garment factory investment

| Publication date 14 November 2017 | 15:24 ICT

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.

Contact author: Hor Kimsay

MOST VIEWED

  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Manet calls for Cambodia’s railways to get back on track

    Prime Minister Hun Manet has instructed the relevant authorities to expedite studies into upgrades to the Phnom Penh to Preah Sihanouk railway line. He suggested that the maximum speed on the line should be increased to 80km/h, in order to expedite the transportation of

Related articles