Investment continues to flow into Cambodia’s footwear industry
Investment has continued to flow into Cambodia’s footwear industry as the COVID-19 pandemic runs rampant around the globe, reported the Phnom Penh Post.
Phnom Penh (VNA) – Investment has continued to flow into Cambodia’sfootwear industry as the COVID-19 pandemic runs rampant around the globe, reportedthe Phnom Penh Post.
The papersaid the Council for the Development of Cambodia (CDC) issued a finalcertificate of registration for Mann Long Shoes Co Ltd’s 10.3 million USD footwearfactory in Kampong Cham province.
Locatedalong National Road 6 in Phdav Chum commune’s Chheu Teal village in Cheung Preydistrict, the project is expected to create jobs for 3,379 workers.
VicePresident of the Cambodian Chamber of Commerce said the country offers thepotential for high investment returns on footwear plants, notwithstanding theEU’s possible withdrawal of tariff preferences on its exports to the Europeanmarket.
Cambodia’smarket will balloon even further, especially with Eurasia, as well as China andthe Republic of Korea once free trade agreements with them come into effect, hesaid.
In earlyJuly, the CDC approved three projects worth over 14.4 million USD, which areexpected to generate 625 jobs./.
The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA) and the European Chamber of Commerce in Cambodia (EuroCham) on June 2 requested the European Commission to postpone its withdrawal of the ‘Everything But Arms’ (EBA) preferential trade scheme for 12 months so that the apparel, footwear and travel goods sectors recover.
Cambodian Prime Minister Hun Sen reiterated the country’s commitment to the world food security during a recent visit to the Freshwater Aquaculture Research and Development Centre in Prey Veng province.
The Cambodian Ministry of Economy and Finance (MEF) has issued two main measures to solve the current issues faced by small and medium enterprises (SMEs).
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Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: Phnom Penh Post) 
