"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |
"Thai Deputy Defense Minister Condemns Cambodia Over Landmine Incident Injuring Thai Soldiers; Keo Remy, however, warned, 'Please do not walk like a crab.'" | BREAKING: Tensions Escalate: Thai Troops Prepare to Launch Unauthorized Attack on Cambodian Territory Amid Internal Political Strife | Cambodia Rebuts Thailand’s Baseless Landmine Allegations and Urges Diplomacy to Maintain Regional Peace | Cambodia Accuses Thailand of Using Landmine Incidents as a Political Tool and Violating Ceasefire Agreements | Breaking: Kandal Provincial Police Arrest Notorious Lotion Manufacturer Love Riya | Cambodia Clarifies Misleading Claims About Ottawa Convention Meeting in Bangkok | Cambodia, China, and Thailand Discuss Regional Cooperation and Border Disputes at Mekong-Lancang Meeting | Smile Asia Philanthropic Visionary Award” Presented to Dr. Pich Chanmony Hun Manet | Cambodia & Thailand Call for Restraint and Adherence to International Agreements | International Observer Team Conducts Monitoring Visit Following Cambodia–Thailand Ceasefire Agreement | Cambodia, Vietnam Strengthen Ties in High‑Level Video Conference; Aim for $20B Trade |

Cambodia's Manufacturing Sector Expands with Over 2,000 Operational Factories in 2023

  • Posted Feb 21, 2024 11:10 by Anthony Ellis
  • 3465
  Aa |   aA

PHNOM PENH: Cambodia's Ministry of Industry, Science, Technology and Innovation reported a thriving manufacturing sector, with over 2,125 operational factories by the end of 2023. This marks a 7.21% increase compared to the previous year.

The official report highlights 241 new factories opening in 2023, while 98 closed down. Total investment capital within these factories reached US$18.56 billion, reflecting an 11.24% rise from 2022.

Production volume also witnessed positive growth, reaching US$16.36 billion last year, a 3.35% increase compared to 2022. This translates to an additional US$531 million in total production value.

Minister Hem Vandy, head of the ministry, emphasized the industrial sector's contribution to economic growth, estimating it at 7.7% in 2023. He further projected an even stronger performance in 2024, with potential growth reaching 8.5%. This optimism stems from the anticipated recovery of the garment sub-sector, coupled with ongoing growth in non-garment manufacturing.

Cambodia's garment, footwear, and travel goods industry remains the largest contributor to foreign exchange earnings. This sector comprises roughly 1,300 factories and branches, employing nearly 900,000 workers, predominantly women.


Related News