Wednesday, September 30, 2009

Vietnam Invests in the Agricultural Sector of Cambodia


Prime Minister Samdech Hun Sen has urged and promoted Cambodian agriculture sectors to accelerate more cooperation with Vietnamese’s investors during his meeting with a Vietnamese delegation led by Cao Duc Phat, Minister of Agriculture and Rural Development.

Ieng Sophallet, Assistant to the Prime Minister Samdech Hun Sen, said that Cao Duc Phat told the Prime Minister during the meeting that his visit to Cambodia aimed to urge and promote cooperation. “The Vietnamese delegation makes a great contribution to the development of the Cambodia agriculture sector,” said Sophallet.

According to Sophallet the Premier said in response that the agriculture sector in Cambodia is the first priority of the Cambodian government. During the meeting the Premier urged the both Cambodia and Vietnam’s Ministries of Agriculture, Forestry and Fisheries to help fight viruses that threaten harvest in both countries.

Sophallet said that Prime Minister Hun Sen told the delegation that the provision of raw materials by the Vietnamese to Cambodia through two provinces, Kandal and Takeo, resulted in a high yield of rice products.

Furthermore the Royal Government of Cambodia and the Socialist Republic of Vietnam have signed an agreement on rubber investment cooperation to plant a total of 100,000 hectares of rubber plantations in five provinces in Cambodia. The agreement was signed on September 22 by Chan Sarun, Minister of Cambodia’s Agriculture, Forestry and Fisheries and Cao Duc Phat, Minister of the Vietnam’s Ministry of Rural Development.

The Minister Chan Sarun said that the agreement is very important because it will create jobs for Cambodian people, alleviate the poverty and promote the development and progress in Cambodia. He added that the agreement will also strengthen solidarity, friendship and cooperation between the two countries in future.

“The rubber investment will generate more jobs for our Cambodian people in rural areas who up till now mostly depended on forests and farming activities, to become rubber processors in. It will also help to reduce the poverty and promote the development and progress in Cambodia,” the Minister Chan Sarun told reporters after the signing ceremony at his office in Phnom Penh.

According to bilateral agreement, Vietnamese companies will plant rubber crops on a total of 100,000 hectares of land in five provinces in Cambodia. Five provinces included Rattanakiri, Mondulkiri, Kratie, Kampong Thom and Preah Vihear provinces, he said, adding that so far, about 400 Vietnamese companies have already invested in rubber plantations and other agricultural activities in Cambodia, but through this agreement, they will be able to increase their productivity.

The Vietnam’s Minister Cao Duc Phat said that the agreement will also strengthen the bilateral cooperation on other fields such as disease prevention and encourage more investments on other agro-industrial crops in Cambodia.

Cao Duc Phat continued to say that this investment will also help to promote human resources, economic development and social affairs in Cambodia. He said currently, Vietnamese companies have also planted a total 10,000 hectares in Cambodia this year. The companies planed to plant another 20,000 hectares in 2010; 30,000 hectares in 2011; and 40,000 hectares in 2012. He added that the Vietnamese companies also planed to build a refinery factory of rubber products in Cambodia by 2012 in Cambodia.

To promote human resources as well as development and progress in Cambodia, Cao Duc Phat said that the Socialist Republic of Vietnam will continue to help Cambodian people in human resources and technical skills training in future. Vietnam will also send more Vietnamese businessmen to invest and work in Cambodia.

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