The Council for the Development of Cambodia (CDC) has approved three investment projects in the bags and garments sector with a total capital investment of $8.8 million. These projects including setting up a bag factory for Quan Ming Handbag (Cambodia) Industrial, a bag and belt factory for Gd New Sky Leather Products Co, and a garment factory for Tao And Kiven Garment.

These factories will generate 3,448 jobs. They will be located in Phnom Penh, and Kandal and Kampong Speu provinces.

As Cambodia may be at risk of losing duty-free export opportunities to the European Union (EU) if the Everything But Arms (EBA) agreement is withdrawn, the country is diversifying its export portfolio to reduce any potential impact. The country is expanding its export portfolio to combat any potential effect. It is also trying to reinforce its productivity and competitiveness in the export sector, which will help its products compete with those of other countries.