Cambodia approves establishment of cashew industry center

Published 2024년 12월 4일

Tridge summary

Cambodian Prime Minister Hun Manet has approved the establishment of a cashew industry center in Kampong Thom province, using public land funds and private sector investment. The center, spread over 200 hectares, is expected to create local jobs and boost income. The Cambodian Cashew Association (CAC) has proposed the establishment of a cashew industrial park in a special economic zone, seeking tax reductions and infrastructure support. Cambodia, with the world's third-largest cashew growing area, produced 840,000 tons in the first 10 months of 2024, an increase of 26% from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Speaking at the 2024 annual meeting of the Ministry of Land Management, Urban Planning and Construction held at the end of November, Cambodian Prime Minister Hun Manet said he had agreed to the proposal of Kampong Thom province on the establishment of a cashew industry center. The cashew industry center will be formed on the basis of using public land funds granted by the Government, and investing in cashew growing and processing projects from the private sector. This initiative is expected to be an effective solution to create jobs and bring stable income to local people and neighboring areas. Cambodian Prime Minister Hun Manet has approved the plan to establish a cashew industry center in Kampong Thom province. “The government has allocated 200 hectares of land for this industrial park, and the preparation process is still ongoing,” Uon Silot, president of the Cambodian Cashew Association (CAC), told the Khmer Times. According to Uon Silot, the CAC has proactively proposed ...
Source: Vinacas

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