The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year, as reflected in CDC statements issued on social media from January to June. It approved 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.
The council also gave green signal to four furniture plants with a capital investment of $55.6 million, according to a top newspaper in the country.The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year, as reflected in CDC statements issued on social media from January to June.It approved 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.#
The textile, garment, footwear and travel goods sector accounted for the bulk of the value of the new projects, followed by electrical components and vehicle parts, Cambodia Chamber of Commerce vice president Lim Heng said.
The government’s 10-million-vaccinations campaign will also contribute to the growth of investment as investors will not be worried about the impact on their business, Heng claimed.
In 2019, investment approvals logged $9.40 billion, of which China invested $2.75 billion, followed by Hong Kong at $912.55 million and Japan at $298.84 million, according to the CDC.
Fibre2Fashion News Desk (DS)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
