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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

CDC Issues Investment Certificates Worth US $32.4 Million

  • Posted Dec 22, 2022 12:26 by Anthony Ellis
  • 2028
  Aa |   aA

PHNOM PENH: The Council for the Development of Cambodia (CDC) has issued six new investment project registration certificates in the month of December, all of which are in the garment and manufacturing industry, located in the provinces of Kandal, Kampong Cham and Phnom Penh.

These investment projects are collectively worth an approximate US $32.4 million and create 6,945 new jobs. Meanwhile, some Japanese companies have also announced that they will move shift of their big garment factories out of China to member countries in Southeast Asia, such as Cambodia and Vietnam, to take advantage of textile import tariff exemptions.

Two major malls also opened this year in Phnom Penh - the Chip Mong 271 Mega mall and AEON 3. Additionally, 10 new international and local brands arrived in Cambodia, while 62 already established international and local brands expanded their branches, helping to further boost the local economy.


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