• Linkdin

Cambodia's CDC approves 70 projects worth $2.428 bn in H1 2021

06 Jul '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year, as reflected in CDC statements issued on social media from January to June. It approved 29 investment projects in textiles, garments, footwear and travel products with a capital investment of $194.71 million.

The council also gave green signal to four furniture plants with a capital investment of $55.6 million, according to a top newspaper in the country.

The textile, garment, footwear and travel goods sector accounted for the bulk of the value of the new projects, followed by electrical components and vehicle parts, Cambodia Chamber of Commerce vice president Lim Heng said.

The government’s 10-million-vaccinations campaign will also contribute to the growth of investment as investors will not be worried about the impact on their business, Heng claimed.

In 2019, investment approvals logged $9.40 billion, of which China invested $2.75 billion, followed by Hong Kong at $912.55 million and Japan at $298.84 million, according to the CDC.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search