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VN opens fertilizer joint-venture in Cambodia

VGP – The fertilizer joint-venture plant between Việt Nam’s Five Star Group and the Cambodian Investment and Development Company is a project under the Vietnamese Investment Promotion Program in the neighbor country.

December 24, 2009 6:55 PM GMT+7

Cambodian PM Hun Sen delivers a speech at the groundbreaking ceremony of the Five Star Fertilizer Plant, Kandal Province, Cambodia, December 24, 2009 - Photo: VGP
The groundbreaking ceremony was organized this morning in Somrothom Commune, Kean Svay District of Kandal Province, Cambodia.

Invested with US $65 million, the plant can produce 350,000 tons of NPK and micro-organic fertilizers per year to serve agricultural production in Cambodia and regional countries.

Speaking at the groundbreaking ceremony, Cambodian PM Hun Sen emphasized that, amid the global economic downturn, the total investment value from Việt Nam into Cambodia has still significantly risen up, especially in agriculture. He added that fact reflects the solidarity and friendship between the two countries in all fields.

It is informed that a Vietnamese Investment Promotion in Cambodia Conference will be opened this weekend in Việt Nam’s Hồ Chí Minh City.

By Phương Hạnh