PHNOM PENH: Twenty-five (25) Chinese factories and enterprises will invest in Cambodia’s Kampong Speu province this year.
The good news was shared by H.E. Vey Samnang, Governor of Kampong Speu province while leading a delegation to inspect the production chains of factories and entrepreneurs in Guangzhou province, the People’s Republic of China, on Aug. 14.
Of the 25 plants, two belonging to SITOY Group will produce world-brand bags and are expected to generate 3,000 jobs, and six garment factories from Hong Yi Industrial Park are expected to create 6,000 jobs.
Other 17 garment, textile, shoe, electronic component, phone cases and screens, and dyeing fabric factories from Suzhou Industrial Park are expected to generate 14,000 jobs.
In the first step, those factories and enterprises will create a total of 23,000 jobs for the locals by the end of 2023.
Kampong Speu is a province of Cambodia. It borders the provinces of Pursat and Kampong Chhnang to the north, Kandal to the east, Takéo to the southeast, Kampot to the south, and Koh Kong to the west. Its capital is the town of Chbar Mon.