Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia-Vietnam JV targets rice exports

Cambodia-Vietnam JV targets rice exports

Cambodia-Vietnam JV targets rice exports

CAVFOOD, a joint venture between Cambodian and Vietnamese companies, launched the first phase of its US$8 million rice mill in Phnom Penh on Friday.

The venture is an investment by Cambodian state-owned rice exporter Green Trade and Vietnam’s VNA Food 2 and Bank for Investment and Development of Cambodia (BIDC).

Located in the Russey Keo district, it is expected to process eight to 10 tonnes of milled rice an hour.

The second phase of the mill, in which a second milling machine will begin operations, is expected to launch in May.

Commerce Minister Cham Prasidh said on Friday at the opening ceremony that the rice mill put Cambodia a step closer to reaching its rice export goals.

“It is a contribution in accordance with the implementation of policy to reach more than four million tonnes of rice production and one million tonnes of [milled] rice to be exported in 2015, which can bring international recognition to Cambodia’s rice,” he said.

CAVFOOD director Don Anh Sang said the company’s intention was to make Cambodia one of the leading rice-exporting countries in Southeast Asia, adding that other ASEAN markets, Europe and the United States were all target markets.  

The company would export 225,000 tonnes of rice in 2015, he said, or about a quarter of Cambodia’s million-tonne goal.

Others, however, said a number of hurdles still stood in the way of the Kingdom reaching that goal.

BIDC director Tran Bac Ha, who also serves as president of the Association of Vietnamese Investors in Cambodia, said the high price of Cambodian rice was an impediment to the country competing in global markets.

To export a million tonnes of milled rice, the Kingdom would need to decrease electricity and transportation costs, as well as streamline the bureaucracy involved with the export process, he said.

To contact the reporter on this story: Sieam Bunthy at [email protected]

MOST VIEWED

  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration