Vietnam strengthens investment partnerships in Kampong Thom, Cambodia

In the heart of Cambodia, rubber companies from Vietnam are making a mark, transforming project areas and boosting the local economy. Over almost two decades, these Vietnamese firms have been key players, creating jobs for around 10,000 locals, pumping in steady income of approximately $400 per worker.

Ambassador Nguyễn Minh Vũ, our representative in Cambodia, acknowledged this impact during his visit to several rubber subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom Province, in a meeting with provincial leaders. He emphasized that economic cooperation was of utmost importance, enjoying strong support from the nations' top leaders.

Discussions focused on the investment, production, and operations of VRG's rubber companies in Cambodia, particularly the seven Vietnamese businesses in Kampong Thom. These companies have been dutifully meeting their tax obligations to the Cambodian government and have been pillars of community welfare, recently donating 500 solar-powered streetlights to Kampong Thom.

Ambassador Vũ highlighted that these acts of goodwill strengthened the friendship and cooperation between Vietnam and Cambodia, further propelling the socio-economic growth of Kampong Thom. He expressed hope for continued support from the provincial leadership to ensure the success of Vietnamese rubber companies in the future.

Ambassador Nguyễn Minh Vũ witnesses the handover of 500 solar-powered streetlights to Kampong Thom, donated by seven rubber companies in the province. - VNA/VNS Photo

Kampong Thom Governor Nuon Pharath expressed his gratitude towards the Vietnamese investors, describing them as beneficial partners contributing to the Cambodia-Vietnam relationship. He pledged the province's commitment to fostering a welcoming environment for these businesses and aspired to attract more investments going forward.

Governor Pharath was thankful for the 500 solar streetlights, explaining that the initiative not only brightened the streets but also boosted traffic safety for residents. He urged continued interaction and effective collaboration between both sides, aiming to drive investment and advance the development of Kampong Thom Province.

During his visit, Ambassador Vũ connected with leaders and staff from three rubber companies, Phước Hòa Kampong Thom, Tân Biên Kampong Thom, and Bà Rịa Kampong Thom, addressing operational issues and facilitating smooth business operations.

Insights from Enrichment Data:

our websiteese Ambassador to Cambodia Nguyễn Minh Vũ meets with leaders and staff of three rubber companies in Kampong Thom Province, Cambodia. - VNA/VNS Photo

Thriving Partnership: Vietnamese rubber companies, particularly VRG, have prospered in Cambodia's rubber sector, investing in rubber plantations and agricultural-industrial zones. This trend could extend to Kampong Thom and other provinces with high agricultural activity.
Competing in the Global Market: Fulfilling EU regulations on deforestation and product traceability is crucial for the rubber supply chain's sustainability and market reputation, ensuring both domestic growth and access to international markets.
A Greener Future: Vietnamese rubber companies could consider sustainable practices and potential investments in clean energy solutions alongside rubber processing to minimize environmental impact and future-proof their operations.

Looking Ahead:

Future prospects for Vietnamese rubber investments in Kampong Thom and Cambodia involve adapting to evolving regulations, expanding in agricultural-industrial zones, and embracing sustainability and clean energy initiatives to maintain a prosperous and eco-friendly business landscape.

The handover of 500 solar-powered streetlights by seven Vietnamese rubber companies in Cambodia's Kampong Thom province, during Ambassador Nguyễn Minh Vũ's visit, signifies a significant addition to the general news, marking the businesses' commitment to community welfare.
Ambassador Vũ's meeting with provincial leaders in Kampong Thom underscored the importance of economic cooperation between Vietnam and Cambodia, with VRG's rubber companies playing a pivotal role in business, income generation, and job creation.
The Vietnamese rubber companies in Cambodia, particularly those belonging to the Vietnam Rubber Group (VRG), have been integral to the local economy in Kampong Thom, adding over 10,000 jobs and generating steady income for approximately $400 per worker.
As the rubber sector continues to thrive in Cambodia, particularly in Kampong Thom, the general news assesses the future prospects for Vietnamese rubber investments. This includes adjusting to changing regulations, expanding in agricultural-industrial zones, and incorporating sustainability and clean energy initiatives to ensure a prosperous and eco-friendly business environment.