Another Garment Factory to Open in Kandal Province
AKP Phnom Penh, May 15, 2020 --
A private company has just got the green light from the Council for the Development of Cambodia (CDC) to create a garment factory in Kandal province.
According to a recent press release of CDC, the project is invested by Hong Feng Knitting Co., Ltd. with an investment capital of US$14.4 million.
To be located in Banteay Tauch village, Phnom Bat commune, Ponhea Leu district, it added, the new factory is expected to provide 586 jobs for local people.
Such investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.
By C. Nika