Cambodia to launch development strategy to transform garment sector

Cambodia will soon launch a development strategy designed to transform the country’s garment trade into a dynamic, diversified, high-value and competitive sector, with a focus on the upskilling of factory workers, according to ministry of economy and finance secretary of state Phan Phalla, who recently said value-addition in the sector has been low in the last 20 years.

Phalla was speaking at a public forum on macroeconomic management and the 2022 Law on Financial Management.

Finance ministry permanent secretary of state Vongsey Vissoth said the sector still has the potential to achieve significant growth for the country’s economy, but that requires the proper implementation of this development strategy, according to Cambodian media reports.

In full: https://www.fibre2fashion.com/news/apparel-news/cambodia-to-launch-development-strategy-to-transform-garment-sector-279175-newsdetails.htm

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