Two Factories Worth Over US$8 million Approved for Kampong Speu & Kandal

• 3 August 2021
• Local News
• 2033 Views

The Council for the Development of Cambodia (CDC) approved two investment projects on Monday 2 August worth US$8.5 million for Kampong Speu and Kandal provinces.

The first investment permit has been granted to Sen Wang Ying New Material Co., Ltd to invest US$4.1 million to build a shoe accessories factory in Samraong Tong district, Kampong Speu province.

The second is Gianni Vince Bags (Cambodia) Co., Ltd, which will invest US$4.4 million to build a factory to produce all kinds of bags and bag accessories in Angk Snuol district, Kadal province.

The two investment projects will generate 1574 jobs.

According to a CDC report, in the first half of 2021 CDC approved 87 new investments, both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year. (Read more)

 

 

• Investment and Funding