The Cambodian government is preparing five-year development strategies for the garment, footwear and bags sector (2020-2025) to promote their competiveness and added-value, according to the Ministry of Economy and Finance.
Aun Pornmoniroth, MEF minister. said during a discussion on draft strategies that the Kingdom’s garment, footwear and bag sectors have played an important role in contributing to economic development by creating jobs, increasing people’s incomes amd, in turn, reducing poverty.
However, he said with its strong progressing in competitiveness, the sector is now facing some challenges that require more development and more competitiveness by the end of 2025.
To achieve this goal and vision, the strategy will continue to strengthen human resources, increase productivity and create business lines for workers. It will continue to improve working conditions and the welfare of workers, promote direct domestic and international investment in value-added products, attract investment in industries that support the sector and promote export market diversification, according to the brief draft.