Logo of Phnom Penh Post newspaper Phnom Penh Post - Hainan firms look to invest $2B in Kampong Speu

Hainan firms look to invest $2B in Kampong Speu

Hainan firms look to invest $2B in Kampong Speu

Ten Hainan companies have expressed their interest in investing a total of $2 billion in Kampong Speu province, particularly in the agriculture and agro-industry sectors, provincial governor Vei Samnang said on Monday.

Samnang told The Post that the company executives were most keen on growing paddy, rubber and coconut.

He said the recent increase in investment in Kampong Speu was due to efforts by the provincial authorities, as well as the province’s favourable location between Phnom Penh and Preah Sihanouk province, with many roads linking to other provinces.

“On Sunday, I met with 10 Hainan investors. They said they wanted to invest in Kampong Speu province.

“Investment from foreign investors not only creates new employment opportunities for the people but also brings new technology to Cambodia,” Samnang said.

The companies included Hainan State Farms Holding Group Co Ltd, China Hainan Natural Rubber Industry Group Co Ltd and Hainan Ruixiang Tropical Economic Investment Group Co Ltd, he said.

Cambodia Chamber of Commerce vice-president Lim Heng said Kampong Speu province will see further investment growth with National Road 4, a prominent part of the Cambodia Industrial Development Policy 2015-2025.

National Road 4 crosses the province’s Samrong Tong and Phnom Sruoch districts, and Chbar Mon town. It connects to Kandal province’s Ang Snuol district in the east and Preah Sihanouk province’s Kampong Seila district in the west.

“I believe that Kampong Speu province will get more investors when Cambodia enters into a free trade agreement with China soon,” he said.

MOST VIEWED

  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Phnom Penh governor: Show Covid-19 vaccination cards, or else

    Phnom Penh municipal governor Khuong Sreng late on October 5 issued a directive requiring all people aged 18 and over and the parents of children aged 6-17 to produce Covid-19 vaccination cards when entering schools, markets, malls, marts, eateries and other business establishments that have been permitted

  • Cambodia seeks probe into 'false reports' on Hun Sen's alleged Cypriot passport

    Minister of Justice Koeut Rith on September 6 wrote a letter to his Cypriot counterpart Stephie Dracos requesting cooperation in investigating and providing the truth in relation to the "exaggerative and false allegations" that Prime Minister Hun Sen holds a Cypriot passport. In his letter, the

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • 'Pandora Papers' expose leaders' offshore millions

    More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the International Consortium of Investigative Journalists (

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the