The Council for Development of Cambodia (CDC) recently announced approving two new projects—a factory by Gianni Vince Bags (Cambodia) Co Ltd in the Kandal province and a shoe factory by Sen Wang Ying New Material Co Ltd in the Kampong Speu province—worth a combined $8.5 million. The projects are expected to generate 1,500 employment opportunities.Gianni Vince Bags (Cambodia) Co Ltd’s parent company based in Guangzhou, China, will commit $4.4 million to constructing the facility and employ 1,171 people, according to CDC.
The planned shoe factory in Kampong Speu province is valued at $4.1 million and will create 403 jobs.
The Garment Manufacturers Association in Cambodia (GMAC) welcomed the announcement, according to a newspaper report in the country.
The CDC in the recent past had approved eight investment projects with a total value of $71.4 million. Those are likely to create nearly 10,000 jobs. Six of those projects were in the garment, travel bag and shoe industries.
Fibre2Fashion News Desk (DS)
The Council for Development of Cambodia (CDC) recently announced approving two new projects—a factory by Gianni Vince Bags (Cambodia) Co Ltd in the Kandal province and a shoe factory by Sen Wang Ying New Material Co Ltd in the Kampong Speu province—worth a combined $8.5 million. The projects are expected to generate 1,500 employment opportunities.