Chinese firm plans investment in Cambodia

PHNOM PENH -- China's Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group's chairman Pan Xiaoping said Wednesday.

Pan said during a meeting with Heng Samrin, president of Cambodia's National Assembly that his company decided to establish an overseas branch office in Cambodia to focus on the three projects.

Pan did not say when the projects will be started.

Heng Samrin pledged full support for those projects, which he said will be good to boost the development of Cambodia's economy.

"Foreign investment is a key factor to accelerate economic development in Cambodia," he said