Cambodian garment industry struggling for competitiveness
Xinhua, August 4, 2015 Adjust font size:
Cambodia's garment industry is struggling to stay competitive due to low productivity, labor unrest and rising wages, according to a report by the Garment Manufacturers Association in Cambodia (GMAC) on Tuesday.
Vietnamese and Indonesian factories are significantly more productive than Cambodian factories, said the association.
Bangladesh fares worse on the productivity scale at 50 percent, although the country still exports around 25 billion U.S. dollars worth of garments a year, compared to some 21 billion U.S. dollars from Vietnam and only 5.5 billion U.S. dollars from Cambodia, it added.
Among the key factors impacting Cambodia's productivity when compared to competing countries is the number of holidays mandated by law in Cambodia. Endi