Cambodia launches special programme to boost investment in Northeastern region
In 2024, the output of these agricultural products in these provinces accounted for 20–60% of the country’s total production, clearly demonstrating the region’s strong production capacity and favourable conditions in terms of soil, geography, and climate for cultivating these crops.
An overview of the launching ceremony of a special programme to promote investment in the four Northeastern provinces of Cambodia. (Photo: VNA)
Phnom Penh (VNA) – The Cambodian Government 🐓on April 9 launched a special programme to promote investment in the four Northeastern provinces of Kratie, Stung Treng, Ratanakiri and Mondulkiri for 2025-2028, focusing on three key sectors, namely agriculture, agro-industry, and tourism.
The event was presided over by Prime Minister Samdech Thipadei Hun Manet. Vietnamese Ambassador to Cambodia Nguyen Minh Vu and member enterprises of the Vietnam-Cambodia Business Association (VCBA) were among participants, along with many domestic and international guests.
In his remarks, Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance, and Chairman of the Committee for Economic and Financial Policies, highlighted the provinces’ potential in the fields of agriculture, agro-industry, and tourism, as well as in strategic and highly promising crops such as rubber, cashew, cassava and black pepper.
In 2024, the output of these agricultural products in these provinces accounted for 20–60% of the country’s total production, clearly demonstrating the region’s strong production capacity and favourable conditions in terms of soil, geography, and climate for cultivating these crops.
According to the official, the special investment promotion programme for northeastern Cambodia identifies three priority sectors: agriculture, agro-industry, and tourism. These sectors, he noted, are well-suited to the region’s existing strengths and complement each other effectively.
Cambodian Prime Minister Samdech Thipadei Hun Manet speaks at the event. (Photo:VNA)
Private investments in the four provinces will receive tax and customs support, access to financing at reasonable interest rates, assistance in reducing production costs, streamlined procedures and support for private investment activities, he added.
Cambodian PM Hun Manet emphasised five special points of the programme, including outstanding investment incentives, establishing a one-stop-shop mechanism to solve local problems, encouraging domestic investors and small and medium-sized enterprises and efforts to promote the development of supporting human resources.
The programme aims to increase employment and business activities in accordance with the local economic development model and the private sector-led growth model to attract private investment to the region, he stated./.
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