The number of new factories opening in Cambodia during the first nine months of 2016 has risen by 11 percent compared to the same period the previous year, according to figures from the Ministry of Industry and Handicraft.
Ministry spokesman Oum Sotha revealed they had recorded 116 openings between January and September, resulting in the creation of 51,548 new jobs and pushing the total number of registered factories in the Kingdom to 1,554.
Sotha said the Ministry was predicting continued growth of the manufacturing sector for the remainder of the year, including beverage giant Coca-Cola’s new $100 million facility slated to open in December in the Phnom Penh SEZ.
The US government’s recent decision to expand their Generalised System of Preferences scheme, allowing Cambodian-made goods to enter the US market duty-free, is also expected to spur the establishment of new factories here.
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