PHNOM PENH: The Tbong Khmum provincial administration is making a concerted effort to attract and encourage both domestic and international investors, emphasizing the province’s robust potential across key sectors including agriculture, industry, and services. This strategic push aims to elevate the living standards of its citizens by fostering business expansion and new investments.
Pen Kosal, Governor of Tbong Khmum Province, highlighted the province’s attractive investment landscape in a recent interview with the National Radio of Cambodia, revealing that Tbong Khmum currently hosts a total of 36 investment companies, comprising two state-owned entities and 34 private enterprises.
To facilitate a seamless investment process, particularly within the vital agricultural sector, the provincial administration is actively implementing a range of initiatives through its Provincial Investment Sub-Committee, designed to create an attractive and efficient environment for businesses by streamlining investment services at the provincial level to be easier, faster, simpler, and more efficient for all prospective investors.
They are also improving the province’s infrastructure to significantly enhance traffic flow and the transportation of goods, strengthening the development of agriculture, industry, handicrafts, and services, and maintaining strong security and public order to provide a stable and safe environment for investments to thrive.
Delving deeper into the existing investment landscape, Governor Kosal provided a breakdown of the current companies, noting that a significant 18 companies are actively invested in the agricultural sector, cultivating a diverse range of crops such as rice, cassava, cashew, sugarcane, rubber, and pepper, alongside fruit processing, notably bananas, while 6 companies specialize in processing rubber resin, and one company is dedicated to mining operations within the province.
The remaining 11 companies have invested in a variety of other sectors, including markets, hotels, plastic processing, energy, animal feed production, and the manufacturing of clothing and footwear. The Tbong Khmum provincial administration’s proactive approach signals a strong commitment to economic development and offers promising prospects for investors looking to capitalize on the province’s abundant resources and strategic growth initiatives.
Tboung Khmum is a province of the Kingdom of Cambodia, located on the central lowlands of the Mekong River. It borders the provinces of Kampong Cham to the west, Kratié to the north, Prey Veng to the south and shares an international border with Vietnam to the east. Its capital and largest city is Suong.