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