Manufacturing to diversify

25 February 2013
The Phnom Penh Post
Economy and commerce / Foreign investors / Investment
ADB / ANZ / ANZ Chief Executive Mike Smith / Asian Development Bank (ADB) / Cambodia Outlook Conference / Cambodian manufacturing / Council for Development of Cambodia / FDI / foreign direct investment / Hang Chuon Naron / manufacturing industry / Mike Smith / Ministry of Economy and Finance / Peter Brimble

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to between $1.3 and $1.5 billion in 2012 has coincided with a rise in investment in to higher-valued-added manufacturing from swimsuits and dress shirts to automotive parts and electronics. … Hang Chuon Naron, secretary of state at the Ministry of Economy and Finance, said the government was looking to attract high-tech investment through the up-skilling of the work force. …

http://www.phnompenhpost.com/2013022561577/Business/manufacturing-to-diversify.html