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WALMART PLANS TO DIVERSIFY STOCK OF CAMBODIA GOODS
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Walmart Inc, the world’s biggest retailer reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to Ministry of Labour.
It expects to create job opportunities and improve the livelihoods of Cambodians, as well as contribute to the development of quality employment and vocational training systems domestically.
Walmart’s Anbinh, who is responsible for leading government relations to advance the retailer’s sourcing goals and initiatives, said the sustainability of Cambodian goods’ production and export “can be guaranteed”, which she compliment The Kingdom’s work conditions improvement and government’s efficiency on managing the Covid-19 pandemic, according to the source.
She added that Walmart, a leading exporter of garments, footwear, travelling goods and seasonal entertainment products, plans to take in Cambodian fruits and food products, electronics and furniture, should they meet international standards.
The minister commented that the government has consistently encouraged local and foreign factory workers to get their Covid-19 vaccine timely – including boosters – and has prioritised accordingly to ensure that they are able to do so.
“The Royal Government has already launched and successfully implemented a 10-round stimulus package of intervention measures to prevent the spread of Covid-19 as in order to maintain normal rhythm of business, production, investment and employment, as well as ensure the livelihoods of workers and the poor,” Samheng affirmed.
Garment Manufacturers Association in Cambodia (GMAC) deputy secretary-general Kaing Monika mentioned Walmart was among the top-10 largest corporate buyers of Cambodian-made garments and a “major buyer” of product from the association’s members.
Although he declined to release concrete data on the company’s orders due to confidentiality reasons, Monika confirmed that the amount of Cambodian products stocking Walmart’s shelves has been “on the rise recently”.
Similarly, Cambodia Footwear Association president Ly Kunthai told the source that Walmart was among the top-five buyers of Cambodian-made footwear, adding that during Covid-19, the company bucked the trend and continued to place orders.
Given its access to a wide range of markets, if Walmart were to make good on its plans, the ramp-up in purchases of textile-based goods from the Kingdom would further boost domestic production and provide other bonuses, he underscored.
Data reported from the General Department of Customs and Excise shows that Cambodian exports to USA in first five months of 2022 were worth more than $3.729 billion, up by over 57 per cent year-on-year.
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