CP Group plans more investment in Indochina

Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from farm to table. In particular, their political stability is conducive to production. However, Myanmar is just beginning to open up its market and relax some stringent regulations to draw more foreign investors… Sakol Cheewakoset, president of CP Cambodia and CP Laos, said Laos had overcome its landlocked geography by connecting to more trading partners via road. This has drawn more investors from China to the country. Cambodia has great potential to become Thailand’s raw-material production base, particularly for maize. It should be able to double annual production to 4 million tonnes. The human resources in those two countries, especially young people, are ready to learn more about technology to support foreign investment.