3월 23, 2021
Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC).
The CDC gave the green light for final registration certificates to two electronics assembly manufacturing plants – Yuan Shuo (Cambodia) Co Ltd’s $2.2 million project in Takeo province’s Tram Kak district and Schneitic Chint Co Ltd’s $2.5 million venture in Pursat province’s Krakor district, which will create 232 and 62 jobs, respectively.
Xin Wei Jie Co Ltd’s $2.9 million garment factory in western Phnom Penh’s Sen Sok district will create 659 jobs and Green Sustainable Ventures (Cambodia) Co Ltd’s $17.6 million 20MW solar farm in Svay Rieng province’s Svay Teap district will generate 150 jobs.
First Aquatic Industrial Co Ltd’s $25.2 million aquaculture farm in Kandal province’s Kien Svay and Kandal Stung districts will bring 155 jobs and Innomed Healthcare Products (Cambodia) Co Ltd’s $10 million medical garment and equipment factory in Preah Sihanouk province’s Cambodian Zhejiang Guoji SEZ industrial park will lead to 1,200 jobs.
Huiquanfeng Technology (Cambodia) Co Ltd’s $7 million bicycle assembly and spare parts plant in Tay Seng Special Economic Zone of Svay Rieng’s Bavet town will create 180 jobs and Jiangyao (Cambodia) Garments Co Ltd’s $2.1 million garment factory in the “Suzhou Cambodia” industrial park in Kandal’s Takhmao town will provide 2,611 jobs, CDC reported.
Cambodia Chamber of Commerce vice-president Lim Heng said applications for investment projects to CDC had not declined despite the resurgent spread of Covid-19.
Submissions covered all fields, he noted while highlighting textiles, construction, energy and electronics assembly.
He ascribed the surge of foreign interest in investing in Cambodia to a number of key factors such as the ongoing Sino-US trade dispute, favourable Cambodian investment laws, round-the-clock development of road infrastructure and a recently signed free trade agreement (FTA) with China.http://https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march