ARDB support for sustainable agricultural and fish processing development in Cambodia

ARDB support for sustainable agricultural and fish processing development in Cambodia

Kao Thach, the Royal Government Delegate in Charge and CEO of the Agricultural and Rural Development Bank (ARDB), supported the production of high-quality Cambodian agricultural and fish processing products that can be sustainably supplied to the market.

He shared his vision for rapidly advancing local processing industries with high productivity and a steady market supply during a visit to two fish processing and distribution sites in Siem Reap’s Siem Reap city on Wednesday, according to the statement of ARDB.

Thach emphasised the importance of developing Cambodian agro-processing and fish processing industries to meet market demand sustainably. He also commended the efforts of local processors who have independently found markets for their products.

Innovative approaches are necessary to expand production and maintain continuous market access.I want to see Cambodian agricultural and local fish and meat processing crafts of high quality that can be supplied to the market sustainably,” he emphasised.

Regarding the visit, on Tuesday, Thach promoted ARDB’s financing to vegetable growers in net houses, chicken raisers, and farmers who raise ducks for egg production in Stoung district, Kampong Thom province,and Prasat Bakong district in Siem Reap province.

At the same time, he also advised farmers, both within and outside the community, who want to expand their farming and growing vegetables and raising animals that ARDB will offer them affordable loans with an interest rate of approximately 7 percent per year.

As a state-owned bank committed to supporting the policies of the Royal Government of Cambodia (RGC), ARDB’s primary goal is to provide loans to citizens who wish to establish real businesses. Thach emphasized that ARDB aims to prevent the misuse of funds and instead support projects that generate real jobs and contribute to the country’s economic growth.

He highlighted that communities and livestock farmers who have secured loans for projects like vegetable farming, fish farming, aquaculture, and net-house vegetable cultivation have significantly contributed to creating income, reducing migration, and improving the livelihoods of citizens.

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