Wednesday, May 31, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Japanese investors keen to tap business opportunities in Cambodia

February 2, 2022
in Business, Cambodia, National
0
Japanese investors keen to tap business opportunities in Cambodia
0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

A group of high-profile Japanese investors has sought an understanding of the investment environment in Cambodia. The visit will take place sometime in April with the coordination of the Japan-Cambodia Association.

Fumiaki Takahashi, president of the Japan-Cambodia Association and former Japanese Ambassador to Cambodia, will lead a delegation of high-profile delegation of investors from Japan to Cambodia to seek investment opportunities.

The remarks were made during a meeting yesterday with Prime Minister Hun Sen at the Peace Palace.

With the upcoming visit already on cards, Takahashi asked for support from Prime Minister Hun Sen, Eang Sophaleth, Premier’s assistant briefed reporters yesterday.

Expressing appreciation, Mr Hun Sen thanked Takahashi and welcomed the delegation of investors that the president of the Japan-Cambodia Association intends to lead to the Kingdom.

The upcoming Japanese investors’ visit to Cambodia is made after the Council for the Development of Cambodia promoted the newly-endorsed investment law to Japanese investors aimed to attract new investment from Japan to Cambodia.

Lim Heng, vice-president of the Cambodia Chamber of Commerce, said yesterday that the Kingdom’s economy is opening up due to the government’s policy on reopening the country and activities of economy and society.

The reopening of the country allows investors and businessmen to travel to Cambodia to see the investment and business opportunities, Heng added.

“The new investment law is to boost foreign investment to Cambodia, but Covid-19 caused disruption on travelling. But after the Prime Minister announced fully reopening the country, it will boost investors to come to Cambodia to seek opportunities for investment,” Heng said.

Earlier, Minister of Commerce Pan Sorasak said that Cambodia is targeting the possibility of establishing a bilateral free trade agreement with Japan after China and South Korea.

To lure Japanese investors, the government designed the Cambodia Chamber of Commerce to establish the first overseas commerce liaison in Japan.

According to Heng, the process of establishment and procedure of the liaison’s operation is underway, expecting to launch officially in the near future.

The Council for the Development of Cambodia approved a total of 211 Japanese investment projects as of July 31, worth about $3.14 billion since 1994.

Data from JETRO show that Cambodia exported $2,148 million worth of products to Japan in the eleven months last year, a year-on-year increase of 9.1 percent.

Cambodia imported $525.62 million from the East Asia nation, a 21.5 percent increase compared to the same period in a year before.

Garments, electrical and electronic components, and agricultural products are the main Cambodian exports to Japan, and machinery and high-tech products as the main imports.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaHun Sen
Previous Post

US CDC warns against travel to Mexico, Brazil, Singapore over Covid-19

Next Post

Cambodia mulls exporting 3,000 tonnes of processed cashew nuts to Japan

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
0

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
1

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

October 30, 2022
116
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
4
Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

April 27, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!