Logo of Phnom Penh Post newspaper Phnom Penh Post - Six Chinese firms to set up factories in Kampong Speu

Six Chinese firms to set up factories in Kampong Speu

Content image - Phnom Penh Post
Kampong Speu provincial governor Vei Samnang.

Six Chinese firms to set up factories in Kampong Speu

Six Chinese manufacturers plan to set up factories in Kampong Speu province to produce women’s jewellery and cosmetics for export to the US, according to provincial governor Vei Samnang.

“Soon Kampong Speu province will have six new factories that can provide employment opportunities for at least 3,000 people,” Samnang said via social media on Wednesday night in what he called a new milestone for the province.

He told The Post on Thursday that the political stability and the strategic geographical location of Cambodia have wooed many an investor, especially in his up-and-coming southwestern province.

But he declined to reveal the name of the companies or the potential sites of their upcoming ventures for fear of adversely affecting the price of real estate in nearby areas with the news.

At the same time, he voiced his concerns over a potential labour shortage in the province that could arise if investment were to pour in too quickly.

Royal Academy of Cambodia economics researcher Hong Vanak said its proximity to Phnom Penh and the international seaports in Preah Sihanouk and Kampot provinces, as well as its easy accessibility from other provinces via national roads, work in Kampong Speu’s favour to pique interest from local and foreign investors.

He said the province is a strong base for agricultural production, industry and cottage industries.

“Although its tourism sector leaves a lot to be desired, Kampong Speu will remain an important destination for investors as it transforms into a suburb of Phnom Penh down the line as the capital continues to balloon,” Vanak said.

According to Samnang, there are currently nearly 300 small and large-sized enterprises operating in the province and more than 100 in preparation, with a special economic zone (SEZ) now up and running.

With a name that means “Port of Star Fruits”, Kampong Speu is divided into seven districts and Chbar Mon town which comprise 87 communes further composed of 1358 villages.

From east to west, National Road 4 crosses the province’s Samrong Tong district, Chbar Mon town and Phnom Sruoch district. It connects to Kandal province’s Ang Snuol district in the east and Preah Sihanouk’s Kampong Seila district in the west.

The provincial capital Chbar Mon encompasses Chbar Mon, Kandorl Dom, Rokar Thom, Sopoa Tep, Svay Kravan communes which constitute 56 villages.

MOST VIEWED

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one

  • Water supply authority assures public shortages over early ‘24

    The Phnom Penh Water Supply Authority (PPWSA) asked for understanding from Phnom Penh residents in some communes where water pressure is weak. They assured residents that all supply issues will be resolved by early 2024, but have suggested that residents use water sparingly in the meantime.

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • Khmer ballet documentary debuts April 1

    A new documentary, The Perfect Motion, or Tep Hattha in Khmer, will premiere to the public on April 1. The documentary film follows two intertwined storylines: the creation of a show called Metamorphosis by the late Princess Norodom Buppha Devi (her very last production) and the