Chinese Shoe Factory to Relocate from Myanmar to Cambodia, Citing Political Stability and Investment Incentives

Alvin Su, a Chinese footwear company, has announced its decision to relocate its shoe factory from Myanmar to Cambodia due to the ongoing political crisis in Myanmar, according to a meeting between the Ministry of Labour and the Board of Directors of the shoe company Alvin Sukali on 13 March 2023.  

“The main reason for returning to invest in Cambodia is because Cambodia has peace, political stability, rapid development, as well as many other policies to encourage investors to come to Cambodia.” said Hu Zhaohui, the company’s Chairman of the Board of Directors. 

The company plans to establish a new shoe factory in Samrong Tong commune, Samrong Tong district, Kampong Speu province, which is expected to start operating in June 2023. The factory will require around a thousand employees and will produce 700,000 pairs of shoes per month for export to Europe and the United States. 

During a meeting with the Ministry of Labour, Hu Zhaohui sought recommendations on the implementation of Cambodian labour laws. In response, HE Ith Sam Heng, Minister of Labour, welcomed Alvin Su’s investment in Cambodia and emphasised the importance of respecting the laws and regulations related to labour. 

He added that Cambodia has a clear strategic plan for the development of the manufacturing sector, and the government is committed to creating a favourable environment for investors.  

Minister Ith Sam Heng assured the company that if any issues arise, the government has mechanisms in place to address them. 

As Cambodia continues to attract foreign investment, the government remains focused on promoting economic growth while ensuring that investors adhere to local laws and regulations. 

- Video Advertisement -

Related Post

Cambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid

Cambodia has inaugurated a modern National Assembly administration building, constructed with a USD25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly of Vietnam, symbolising the enduring friendship between the […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri and Mondulkiri

China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signalling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]