Cambodia’s 5-yr plan for garment-textile, footwear sectors

Davida Erdahl

Cambodia is making ready a 5-calendar year (2020-2025) improvement technique for the garment, footwear and vacation baggage sectors from to boost their competiveness, in accordance to the ministry of financial system and finance (MEF). The sectors are now facing some troubles that require far more improvement and competitiveness by the […]

Cambodia is making ready a 5-calendar year (2020-2025) improvement technique for the garment, footwear and vacation baggage sectors from to boost their competiveness, in accordance to the ministry of financial system and finance (MEF). The sectors are now facing some troubles that require far more improvement and competitiveness by the close of 2025, finance minister Aun Pornmoniroth reported.

“This technique is an important roadmap simply because it will established out a vision to renovate Cambodia’s garment, footwear and bag industry into a high-value, supportive, diversified and far more competitive industry,” he was quoted as saying by Cambodian media studies.

To reach this purpose and vision, the technique will proceed to fortify human assets, boost productivity and generate business traces for staff.

It will as well as proceed to boost functioning problems and the welfare of staff, boost immediate domestic and global financial investment in value-additional products and solutions, appeal to financial investment in industries that assistance the sector and boost export current market diversification, in accordance to the brief draft.

Cambodia’s garment sector, the main engine to strengthen economic advancement, has been hit hard by the pandemic, leaving countless numbers of staff unemployed whilst also facing the reduction from the EU’s partial withdrawal of EBA , helpful from August 12.

Pornmoniroth reported that the government’s technique on clothes is aiming to established widespread improvement directions, boost independence, fortify the appraisal and security of the garment, footwear and baggage sector to even more boost the sector’s sustainability and natural environment.

Fibre2Fashion Information Desk (DS)

Cambodia is making ready a 5-calendar year (2020-2025) improvement technique for the garment, footwear and vacation baggage sectors from to boost their competiveness, in accordance to the ministry of financial system and finance. The sectors are now facing some troubles that require far more improvement and competitiveness by the close of 2025, finance minister Aun Pornmoniroth reported.

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