Logo of Phnom Penh Post newspaper Phnom Penh Post - China’s Shandong eyes investment in agriculture in Kratie

China’s Shandong eyes investment in agriculture in Kratie

Content image - Phnom Penh Post
The Chinese delegation inspected the Snuol Special Economic Zone [SEZ] in Kratie province as they have expressed interest in investing in a processing plant for agricultural products. FN

China’s Shandong eyes investment in agriculture in Kratie

Delegates from the Shandong provincial standing committee have expressed strong interest in investing in Kratie province’s agricultural sector, provincial governor Va Thorn told The Post on Monday.

“The Chinese delegation inspected the Snuol Special Economic Zone [SEZ] as they have expressed interest in investing in a processing plant for agricultural products,” Thorn said.

There are currently nine facilities for the processing of agricultural products in the Snuol SEZ, he added.

Kratie province has great potential for investment in crops such as rubber, cassava and cashews, Thorn said.

The head of the Shandong delegation during a visit last week credited China’s Belt and Road Initiative for forging new economic and cultural ties between Kratie and the eastern Chinese province.

Thorn revealed that while Cambodian officials had not received confirmation of incoming investments over the weekend, he is to lead a delegation to Shandong from Friday to Monday to present investment opportunities in Kratie.

Thorn also credited the Belt and Road Initiative for sparking interest in Cambodian investment, as well as reforms such as next month’s ban on online gambling.

“The banning of online gambling will drive genuine Chinese investment in Cambodia, which will contribute to the growth of the economy,” he said.

Prime Minister Hun Sen said on Saturday that online gambling brought more harm than good to the economy and puts the Kingdom at risk of money laundering, organised crime and terrorism.

While some people were concerned that the ban would cause an exodus of Chinese nationals, others expressed concern over the increasing presence of Chinese, Hun Sen said.

“So what do you really want? To me, if Cambodia’s economy continues to rely on online gambling, Cambodia’s national security will be compromised and we will be threatened by organised crime groups who will flock to Cambodia to carry out their activities.

“We’ll also find ourselves in a situation in which Cambodia becomes a haven for money laundering as a result of online gambling,” the prime minister said.

MOST VIEWED

  • Hun Sen asks Cambodians to believe in government

    Prime Minister Hun Sen on Monday asked citizens and investors to trust that the government will overcome the challenges brought about by Covid-19 and the loss of the EU’s Everything But Arms (EBA) scheme. Speaking to reporters at the Peace Palace in Phnom Penh,

  • Westerdam passenger ‘never had’ Covid-19

    The US Centres for Disease Control and Prevention (CDC) said the US citizen that allegedly tested positive in Malaysia after travelling on the Westerdam was never infected with Covid-19 in the first place. In an article published in the newspaper USA Today on Friday, CDC

  • ‘Ghost staff’ found, $1.7M returned to state coffers

    The Ministry of Civil Service said more than seven billion riel ($1.7 million) in salaries for civil servants was returned to the state last year after it discovered that the books had been cooked to pay ‘ghost officials’. This is despite claims by the Ministry of

  • Woman wanted for killing own son

    Police in Phnom Penh’s Meanchey district are on the lookout for a woman who allegedly hacked her son to death on Sunday in Stung Meanchey III commune. District police chief Meng Vimeandara identified the son as Chan Sokhom, 32. “The offender can’t escape forever.

  • H5N1 also poses deadly threat, ministry warns

    The Ministry of Health’s Communicable Disease Control (CDC) department has called on citizens to excise caution over H5N1 or bird flu that is spreading in the southern province of Vietnam. In a Facebook post, the department announced that it has made a series

  • Malaysia in turmoil

    Malaysian Prime Minister Dr Mahathir Mohamad has done it again. At the centre of two days of high drama and political manoeuvring, he has, wittingly or not, contributed to shaking Malaysia, and further causing its equities market to fall nearly three per cent. The drama