Cambodian clothing sector reports lacklustre results

Cambodia’s clothing exports grew slower than expected by about 4% in the first half of 2017 compared with 9% in the same period last year, while foreign investment in the sector fell by 30%, according to a report by the National Bank of Cambodia.

The study said the slow growth was due to falling garment exports to the US, rising competition from Vietnam and Myanmar, and high production costs owing to the increasing minimum wage.

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