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navigate_nextMedianavigate_nextOur Newsnavigate_nextBusiness Matching with JCA (JAPAN-Cambodia Association)
Business Matching with JCA (JAPAN-Cambodia Association)
April 25, 2022
Phnom Penh - April 25, 2022, the first Cambodia-Japan Business Matching was held in December 2019 with great success. It has enabled potential investors from Japan to come to Cambodia identifying investment opportunities across various industries and get connected with local entrepreneurs.
Due to the impact of the corona-virus pandemic, the event has not been held since 2019. In response to the COVID-19 pandemic, the Royal Government of Cambodia has adopted effective COVID-19 management measure which led to high vaccination rates and low infection rates among the population. As a testament to the success, Cambodia is ranked second in the world in terms of COVID-19 management and recovery.
As a result of effective measure, the second Cambodia-Japan Business Matching can be jointly hosted by both ACLEDA Bank and JCA on 25 April 2022 at ACLEDA Bank Headquarters. More than 24 Japanese companies are confirmed to attend the business matching. This is an important event that could potentially attract more investments into different sectors, bring technical knowhow, and more employment opportunities into Cambodia.
According to Dr. In Channy – President & Group Managing Director of ACLEDA Bank Plc., the business matching helped enable foreign investors to learn more about the investment opportunities, regulatory framework, and get connected with local investors.
Moreover, this also serves as a platform for investors to learn from one another, get access to information on economic conditions, and most importantly come and see Cambodia in person. He further added that Cambodia is an attractive investment destination due to supportive investment law, good management of COVID-19, high vaccination rates, and low infection rates which led to a more robust recovery of the economy and greater social mobility. The economy is projected to grow at a rate of 5.3% in 2022 and 6.5% in 2023 by the Asian Development Bank (ADB). With an optimistic projection of economic growth and greater social mobility, he strongly believed that investors will be able to find suitable investment opportunities in an environment that is conducive to growth and local entrepreneurs can learn more from their overseas counterparts.
For more information please contact:
Mr. Neth Piseth
Position: SVP & Head of Financial Services Division
Tell: 015 700 111
E-mail: neth.piseth@acledabank.com.kh
