Cambodia's CDC approves $2.4 mn bag, shoe factory in Kandal province

CDC has approved 10 new projects worth nearly $80 million in the last few months, with most factories producing garments, travel bags and footwear, according to Cambodian media reports.

Industry ministry data show 101 factories closed last year, with most in the garment sector. By mid-May this year, 27 factories had closed because of COVID-19 outbreak and 75 had filed for bankruptcy.

Cambodia exported more than $3 billion worth goods to the United States in the first half of this year. That was a 35 per cent increase compared with the same period in 2020. A large part of the exports constituted clothing, bags and footwear.

Fibre2Fashion News Desk (DS)