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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 | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | The National Bank of Cambodia and Central Bank of Madagascar seal a partnership to enhance bilateral economic cooperation. | Minister of Health Delivers Lecture on Leadership and Innovation on "Methods of Critical Thinking – Part 2" | BREAKING: Takeo Provincial Court President Dismissed for Premature Release of Murder Convict | BREAKING: Samdech Hun Sen Announces Absence from Senate Plenary Session After Positive COVID-19 Test |

CDC Issues Investment Certificates Worth US $32.4 Million

  • Posted Dec 22, 2022 12:26 by Anthony Ellis
  • 1986
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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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