Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Deal signed with VN on cashew production

Deal signed with VN on cashew production

Deal signed with VN on cashew production

CAMBODIA signed a memorandum of understanding Thursday to lease 6,000 hectares in Kampong Cham and Kampong Thom provinces to Vietnam to grow cashew nuts.

Vietnamese officials in Phnom Penh said the deal was signed by Vietnamese officials from Dong Nai province and authorities from Kampong Cham and Kampong Thom provinces.

Le Bien Cuoung, commercial counsellor at the Vietnamese embassy, said 3,000 hectares within each province would be used by private companies from both countries to build a cashew-nut study centre and to seed high-quality cashew trees.

“This [memorandum] will give both sides confidence in investments,” he said. “We don’t come to plant for export. We also hope to help local farmers with new technology, offering them new seed, and buying their yields.”

The counsellor added a long-term plan is to build processing plants in both provinces once yields are high enough.

An undersecretary of state at the Ministry of Commerce, Tekreth Kamrang, applauded the potential investment from Vietnam on Wednesday.

“This will allow farmers to get more income by increasing the capacity of their plantations,” she said.

Cambodia already has around 80,000 hectares set aside for cashew-nut cultivation, according to commerce ministry figures, which the Economic Institute of Cambodia estimates accounts for 1.3 percent of world production – much of which is sold to Vietnam.

Vietnam holds a quarter of the world’s cashew market, according to the country’s trade-promotion agency.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which