221 new factories opened in Cambodia in 2020, 100 shut


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200 and twenty one new factories opened in Cambodia in 2020, in line with the ministry of trade, science, know-how and innovation, which mentioned 100 factories closed down because of the influence of the pandemic. The whole variety of factories within the nation by the top of final yr was 1,853 and these employed 900,000 Cambodian staff.

The ministry’s secretary of state Heng Sokkong mentioned regardless of the disaster, investor confidence within the authorities resulted in lots of factories being opened.

In 2020, 178 new funding initiatives with an funding capital of $four.147 billion have been permitted by the Council for the Improvement of Cambodia. Most have been within the garment and textile sector, in line with a report in Cambodian English-language every day.

Final yr’s manufacturing facility closures have been primarily within the garment manufacturing sector and sub-contractors supplying semi-finished merchandise.

Cambodia’s exports in garments, footwear and journey items declined by 9 per cent for the primary 10 months of final yr, in line with information from the Normal Division of Customs and Excise.

Fibre2Fashion Information Desk (DS)


200 and twenty one new factories opened in Cambodia in 2020, in line with the ministry of trade, science, know-how and innovation, which mentioned 100 factories closed down because of the influence of the pandemic. The whole variety of factories within the nation by the top of final yr was 1,853 and these employed 900,000 Cambodian staff.





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