Ruhong intends to move its Vietnam factory to Cambodia

Hong Zhenhai, chairman of Ruhong Enterprise Co., Ltd., said in an interview with the American media Bloomberg News that during the trade war, the company intends to move its Vietnamese factory to Cambodia, mainly to spread risks. , because its production capacity in Vietnam accounts for up to 50% of the company’s total output, which is obviously too concentrated.

Chan Sophal, director of the Cambodian Policy Research Center CentreforPolicyStudie, said that because of Cambodia’s good geographical location, low wages, and political stability, foreign businessmen have set up factories in Cambodia. When he was asked whether it would have any impact on attracting foreign investment if the EU’s EBA tariff preferences were cancelled, he said that it would not be a problem for large companies like Ruhong because they could also be sold to the United States.

AAA fabric network DBGRTHRTH

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.