Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC to co-host Mizuho Bank workshop in Tokyo

CDC to co-host Mizuho Bank workshop in Tokyo

Koichi Zaiki, Asia Pacific CEO of Mizuho Bank, met Cambodian Investment Board (CIB) secretary-general Chea Vuthy on September 13. CDC
Koichi Zaiki, Asia Pacific CEO of Mizuho Bank, met Cambodian Investment Board (CIB) secretary-general Chea Vuthy on September 13. CDC

CDC to co-host Mizuho Bank workshop in Tokyo

Japan has requested Cambodia to collaborate in the organising of a trade workshop in Tokyo to promote investment opportunities in Cambodia, which is planned in December.

The proposal was made by Koichi Zaiki, Asia Pacific CEO of Mizuho Bank in a meeting with Chea Vuthy, secretary-general of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC) on Sept 13.

Prior to the Covid-19 pandemic, the bank had collaborated with several parties in Japan to highlight the investment potentials in Cambodia to Japanese investors, Koichi said, adding that there is high interest to promote Cambodian products and attract more Japanese investors to Cambodia, hence his team’s plan for a workshop end of the year.

The workshop, co-organised with state-owned Japan External Trade Organisation (Jetro), would be participated by Japanese business associations and prominent Japanese companies.

“For this workshop to be successful, we seek CDC’s support and cooperation, especially secretary-general Vuthy’s [assistance],” Koichi said.

Acceding to the request, Vuthy expressed CDC’s willingness to partake in the event, noting that in 2017, CDC and Mizuho Bank signed a Memorandum of Understanding to work together to increase Japanese investment in Cambodia.

“I would like to express my support and cooperation in organising this investment seminar to make it even more successful,” he said.

Royal Academy of Cambodia economic researcher Hong Vanak told The Post on Sept 14 that “relations between the government and both countries’ private sector have been good for a long time”, sharing that Japan has consistently provided political support and assistance to Cambodia.

Japan and Cambodia also enjoy good trade relations, with a high number of Japanese investors in Cambodia.

Vanak said Japanese investment is known to be “transparent and long-lasting”, so increased Japanese investment would not only raise Cambodia’s ability to export goods to international markets, but also strengthen economic growth.

“Every country in the world wants foreign investment, especially Japanese investment, mostly in medium and heavy industries, and for the adoption of modern technology and long-term sustainability,” he added.

Currently, Cambodia exports garments, shoes, components and agricultural products to Japan, and imports machinery, automobiles, electronics and machinery for agriculture.

As of the first quarter of 2023, the National Bank of Cambodia said Japan was the fourth largest investor in Cambodia with total investments up 11.6 per cent year-on-year at 11.3 trillion riel ($2.7 billion) after China, Korea and Singapore.

Most Japanese investments in Cambodia are in the financial sector, as well as construction, hotel and real estate.

Data from the General Department of Customs and Excise of Cambodia showed that Japan is the fifth largest trading partner after China, the US, Vietnam and Thailand.

From January to August 2023, trade between Cambodia and Japan totalled $1.2 billion, down 9.8 per cent from the same period in 2022.

Of that, Cambodian exports to Japan amounted to $770.5 million, down 2.4 per cent, while Cambodia imported goods worth $420.8 million, down 20.7 per cent. Based on the figures, the Kingdom’s trade surplus expanded by $339.7 million.


  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Manet calls for Cambodia’s railways to get back on track

    Prime Minister Hun Manet has instructed the relevant authorities to expedite studies into upgrades to the Phnom Penh to Preah Sihanouk railway line. He suggested that the maximum speed on the line should be increased to 80km/h, in order to expedite the transportation of