Yuming Pan, President, Tichao Techslide (Cambodia) Co, revealed the company plans to establish textile and garment factories in the Kampot province.
These factories will be set up in two phases. The first of these phases will involve setting up of a garment factory while the second phase will follow with a fabric manufacturing factory with an estimated workforce of over 25,000 people, as per reports by the Cambodian media.
These projects were announced as foreign direct investment (FDI) inflows into Cambodia increased to $8.1 billion between September 2023 and September 2024, according to a report by the ministry of economy and finance (MEF). Most of this FDI was received from China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, Canada and the United Kingdom.
In the first nine months this year, the Council for the Development of Cambodia (CDC) announced 315 projects with a total investment of $5.3 billion. These projects are expected to generate over 252 000 jobs and further enhance Cambodia’s appeal as a competitive manufacturing hub in Southeast Asia.
