Cambodia moves to create more employment opportunities
The Council for the Development of Cambodia (CDC) has approved four investment projects worth almost US$24 million that are expected to create 2,376 jobs.
Among the projects, three will be located in the Sihanoukville Special Economic Zone (SSEZ) and include a $10.5 million factory manufacturing leather bags which is slated to create 1,000 jobs.
The other two in SSEZ include a US$6.6 million plywood and plank board factory, and a US$1.7 million glue, paint and ink plant, which are expected to create 300 and 150 jobs respectively.
Another US$$5 million factory producing fashion apparel will bring in 926 jobs and will be located in Chaom Chao II commune in the capital’s Por Sen Chey district.
The rising number of new investment projects is covering an increasingly diverse range of sectors, in a departure from when textile-related sectors overwhelmingly dominated the scene, Cambodia Chamber of Commerce (CCC) vice-president Lim Heng told The Phnom Penh Post.
Having more local factories and manufacturing enterprises would also reduce migration for work, said Hong Vanak, director of International Economics at the Royal Academy of Cambodia.