Vietnam's Five Star Group on Dec. 25 cut the ribbon of its new 65 million USD fertiliser plant in Kean Svay district, Kandal province, Cambodia.
It is the biggest fertiliser plant in Cambodia to date, and will be developed into the most modern fertiliser plant in Southeast Asia.
The plant, covering an area of 10.9 hectares, can produce about 300,000 tonnes of NPK fertilisers per year during phase 1 and will increase to 500,000 tonnes during phase 2.

According to chairman of the Five Star Group Tran Van Muoi, the factory's NPK fertilisers will meet 50 percent of the demand of Cambodia market, adding that the products of Five Star factory meet international standards and are suitable for Cambodia 's land and crop plants.

Muoi added that the group will also provide Cambodian farmers with new farming techniques and optimal agricultural production processes to help increase crop yields and productivity.

The plant, a joint venture between the Five Star Group and the Cambodian Investment and Development Company, began construction in December 2009 under the cooperation programme between the two countries.

Speaking at the opening ceremony, Cambodian Prime Minister Hun Sen highly appreciated the investment projects of Vietnam into Cambodia , including the Five Star's fertiliser plant, which helped create jobs, contribute to Cambodia's budget and social security programmes, while strengthening cooperation between the two countries.

The Government of Cambodia encouraged foreign direct investments into the country, he said.
Vietnam was among the top five biggest investors in Cambodia. /. VNA