2018 / December
Esther Tseng /photos courtesy of Lin Min-hsuan /tr. by Jonathan Barnard
According to the World Bank, Cambodia managed a high average growth rate of 7.7% from 1995 to 2017 by relying on the economic pillars of construction, tourism and export-oriented clothing manufacture. Taiwanese firms have played important roles in fueling Cambodia’s economic growth.
To understand how Taiwanese companies are faring in Cambodia, we visited Gin-Sovann Fashion (Cambodia) Ltd., a subsidiary of Tainan Enterprises, as well as one of the Cambodian factories of the Sheico Group, the world’s largest maker of water-sports clothing. These plants take advantage of the low tariffs levied by the EU and the United States on goods from Cambodia, deftly leveraging the global supply chain to their maximum benefit.