UK Clothing and Footwear Retailer Targets Cambodia After Cancelling Orders from Myanmar

• Sommana Yan
• 1 June 2021
• Uncategorized
• 2076 Views

British multinational clothing, footwear and home products retailer Next plc has said it would swiftly cancel purchase orders from Myanmar and split them to other countries including Cambodia, as it joined other EU’s retailers suspending orders from Myanmar due to the military coup.

Reuters reported recently that the Next has not placed any orders from Myanmar. A senior officer at Next was quoted in the report saying that the Next will share orders to Bangladesh, Cambodia and China.

In late April, dozens of foreign manufactures unveiled plans to move their factories from Myanmar and place their factories in Cambodia. (Read more)

Governor of Kompong Speu province H.E. Vei Samnang confirmed this and said that Kampong Speu province is a high potential investment destination.

“Some new companies who wish to relocate their factories from Myanmar to Cambodia have also been contacting us. During the Khmer New year, there were 20 of them looking for proper locations in Kampong Speu to build or rent new factories,” said HE Vei Samnang.

Photo credit to Financial Time

• Business and Market