CDC to issue factory certificates

Sum Manet / Khmer Times No Comments Share:
A garment factory employee working on sewing textile. KT/Ven Rathavong

The Council for the Development of Cambodia granted permission for three more companies this month to build garment factories in Phnom Penh and in Takeo and Kampong Speu provinces.

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The three investment projects are worth about $10 million and will create about 3000 jobs.

The CDC said its investment board had issued certificates of registration to Newest Garment (CAMBODIA) Co, Hua Cheng Yi Wen Garment Co, and Run Yi (CAMBODIA) Co.

Newest Garment invested $4.22 million to set up a garment factory in Trapeang Tea village, Por Senchey district, Phnom Penh, and will create 1,225 jobs.

Hua Cheng Yi Wen was investing $2.57 million to build a garment factory in Kondeng Thom village, Bati district of Takeo province, and would create 653 jobs.

Run Yi would set up a factory worth $2.73 million in Bosta village, Samrong Tong district of Kampong Speu, and would create 1,058 jobs.

In the first quarter of 2018, the CDC has approved the opening of 39 factories with a total investment of nearly $500 million.

In January, ten new factories were approved by the CDC, with a capital about $73 million and the creation of nearly 9,000 jobs.

In February, 15 new factories were licensed, with investment totaling about $180 million, and generating 7,458 jobs.

Last month 14 new factories and commercial centres were licensed, with a total investment of about $240 million, generating more than 10,000 jobs.

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