Tuesday, March 20, 2012

Cambodia has 711 large-scale plants by 2011: reports

PHNOM PENH, March 19 (Xinhua) -- Cambodia boasted 711 large- scale plants, creating 407,200 jobs as of last year, according to reports released by the Ministry of Industry, Mines and Energy on Monday.
A total of 537 factories are making garments, textiles, footwear, handbags, and hats, employing 354,000 workers, said the reports.
The remaining are engaged in food processing, beverage, brewery, chemicals, cements, construction materials, electronics, motorcycle and automobile assembly, medical supplies and equipment, and gold mining.
Most investors in the country's large-scale projects are from China, China's Taiwan, Malaysia, South Korea, and Vietnam.
Besides large-scale plants, the country has 37,650 small-scale enterprises, offering 184,000 jobs as of last year, said the reports.
Suy Sem, minister of Industry, Mines and Energy, said Monday that more and more foreign investors have come to Cambodia, thanks to the country's political stability, investment potentials and preferential laws.
"Industrial sector has been hugely contributing to the economic growth and poverty alleviation in this country," he said during the opening of the ministry's annual conference.

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