Vietnam’s International Five Star Group has decided to invest $65 million to build a fertiliser plant in Cambodia, stated Vietnam’s trade mission in Cambodia.
The project has already been submitted to the Council for Development of Cambodia for approval. If approved, the construction work would be started in October and finished after 20 months.
The fertiliser plant is to be built in Kien S’vay Dist, about 20 kilometres away from Phnom Penh. The plant has designed capacity of 350,000 tonnes of products per year.
Lim Sokun, Secretary of State of Cambodian Ministry of Agriculture, Forestry and Fisheries stated that Cambodian government applauded the plant. He added that Cambodia will supply up to 80 percent of the raw materials for producing fertiliser.
It’s expected that when put into operation, the plant will help Cambodia reduce the fertilisers import, saving up the production costs.