Cambodia Licensed US$9.4 Million Bag Manufacturing Investment

AKP Phnom Penh, April 23, 2020 —

Council for the Development of Cambodia (CDC) approved yesterday an investment of a bag manufacturing worth US$9.4 million.

To be located in Samrong Tong district of Kampong Speu province, the investment project belongs to NEWPROKIN (Cambodia) Co., Ltd.

Once operated, the bag manufacturer is expected to employ 2,877 locals – lifting their livelihood contributing to poverty reduction in Cambodia.

Such a huge investment amid COVID-19 outbreak demonstrates confidence of foreign investors in Cambodia’s macro economy and political and social stability though threatened by the pandemic.

By Phal Sophanith