Cambodia clears 9 investment plans in garment, footwear, travel goods

The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods (GFT) sector.

CDC last year approved investment projects worth over $4.68 billion, an increase of 7 per cent compared to 2021.

Tiens Textile (Cambodia) Co Ltd, located in Daun Keo village, Samrong Tong district, Kampong Speu province will set up a $6.4-million garment and textile factory, creating 531 jobs. All Win Shoes (Cambodia) Co Ltd will launch a shoe factory in the same area, creating 478 jobs.

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