gateway

Thursday, 17 February 2022 17:20

Cambodia sees 21 per cent growth in garment, footwear and travel goods exports: Report

Rate this item
(0 votes)
  

Cambodia's garment, footwear and travel goods exports increased by 15.2 per cent in 2021, indicates a report by the General Department of Customs and Excise. As per The Star, the country exported products worth $11.38 billion last year, against $9.88 billion exported in previous year. Garment, footwear and travel goods industry comprises roughly 1,100 factories and branches besides employing approximately 750,000 workers, according to the Labor Ministry.

Buoyed by the expected rise of global demand and foreign investors' confidence, Cambodia’s economy is projected to grow at a higher rate of around 5.6 per cent in 2022. The economy is projected to have grown by 3 per cent in 2021 after a contraction in 2020. Cambodia has so far administered at least one dose of COVID-19 vaccines to 14.37 million people, or 89.8 per cent of its 16 million population, according to its Health Ministry. Nearly 13.8 million people, or 86.2 per cent of the population, have been fully vaccinated with two required shots, and 5.97 million, or 37.3 percent, have taken a third dose or booster shot, said the ministry.