Japanese Investment in Cambodia is Increasing

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Japanese Ambassador to Cambodia, Mr. MIKAMI Masahiro, in a meeting with the Prime Minister of the Kingdom of Cambodia on February 12, 2020, said that “Japanese investors have worked with Cambodian institutions, especially the CDC. The result has been excellent and now Japanese investment is growing, meaning Japanese investors make greater efforts to Cambodia, especially those investing attention from the government.”

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In addition to the cooperation between the two countries’ institutions, he informed the Prime Minister that Japan is cooperating with the Ministry of Mines and Energy in the power sector, having already held talks with HE Suy Sem and will continue discuss on how to promote cooperation in the electricity sector.

Furthermore, also cooperated in the master plan for Japanese investment in Cambodia, as well as discussed and studied master plan for expanding and strengthening Sihanoukville port. Such as Japan’s contribution to legislating, building, and setting legal standards.

In particular, Japan is paying attention after helping Phnom Penh to clean water in the water purification sector, and this time, it is also a matter of garbage, which is a factor. It is important that Japan also has three companies interested in investing in Cambodia.

Cambodian Prime Minister Samdech Hun Sen said that “Cambodia will continue to facilitate Japanese investors to invest in Cambodia, especially in February, reducing the cost of electricity by one cent per kilowatt. Cambodia will continue to improve on transportation, so that investment will be attractive put a great deal.”

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