Cambodian garments, footwear and travel goods strategic plan to entice investors

Cambodian garments, footwear and travel goods strategic plan to entice investors

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom Penh.

The plan also includes measures and strategic framework in line with the economic growth pathway in the context of COVID-19, he said.

According to Sang, Cambodia’s garment export was valued at over $11.389 million in 2021, up by $1.505 billion or 15.2 per cent, over the 2021 figure, Cambodian media reports said.

Of that, $8.017 million was derived from the exports of clothes, $1.390 billion from footwear, $1.490 billion from travel goods, and the rest from other textile products.

GMAC currently has 462 member factories producing garments, 13 producing footwear and 92 producing travel goods, he added. Fibre2Fashion News Desk (DS)/Khmer Times