USD
THB
EUR
AUD
VND
CAD
LAK
JPY
GBP
CNY
navigate_nextMedianavigate_nextOur Newsnavigate_nextBusiness Matching between Cambodian and Japan Investors
Business Matching between Cambodian and Japan Investors
November 20, 2023
ACLEDA Bank Plc. in collaboration with Japan-Cambodia Association (JCA) has hosted the Business Matching at ACLEDA Bank Plc. Headquarters on November 20, 2023.
The event jointly presided by Dr. IN Channy, President & Group Manager of ACLEDA Bank Plc. and His Excellency Takahashi Fumiaki, President of Japan-Cambodia Association.
This is the third time of business matching that JCA and ACLEDA Bank jointly organized, the first one on December 11, 2019, and the second one was on April 25, 2022.
We hope that the event today will bring more opportunities and knowledge for all participants to foster fruitful exchanges and contacts in order to create and strengthen business opportunities.
Today, it is third time to host this important event that allows prestige investors from multi-business sectors to attend this important event. Approximately 60 companies, both local and foreign Japanese investors participated in this business-matching event. These companies including SMEs, Industries, Automotive repair & maintain technicians, Cosmetology School, Information Technology, Influencer Marketing and Advertising/sales promotion, Medical, Agriculture, Real Estate, Financial, Tourism, and Hospitality, etc.
This business-matching event is also a platform to exchange knowledge about financial management, technical knowledge, and essential innovation for business success, and it will open opportunity for both Cambodian and Japanese investors introduce one another.
Cambodia is conducive to investments in almost all sectors such as infrastructure, construction, real estates, banking and finance, technology, manufacturing, agriculture, and so on. The Cambodia has plenty of youthful human resources with competitive labor fees to others in the region. Dynamic and young workforce (over 67% of total population age below 30) with competitive wage (National Institute of Statistics, Ministry of Planning Source).
The government has respectively arranged many special economic zones as well as road infrastructure, electricity, etc. in urban and rural areas for supporting the investment. Furthermore, the government promulgated many laws related to investment including investment law that provides investment guarantees and investment incentive, amnesty, and claim to investors from investment. Meanwhile, the law does not restrict the capital outflow of foreign investment in Cambodia.
In addition, the land law allows foreigners with ownership rights in private units of co-owned buildings, from the first story. The government also signed the Regional Comprehensive Economic Partnership (RCEP) Agreement and Free Trade Agreements with many countries over the world.
For more detail about Cambodia economic development and investment opportunities, please see the presentation file by Dr. HOR Chantha, Economist of ACLEDA Bank Plc.
