Electronics Sectors Development News Today

National Bank of Cambodia (NBC) deputy governor Chea Serey has reiterated a call for Japanese players to explore the investment potential in the Kingdom’s financial and agritech (agricultural technology) sectors, given their increasing prominence over recent years.

The commerce minister on May 3 reiterated an invitation for South Korean investors to pump money into a range of Cambodian sectors and take advantage of the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1.

Cambodia exported “vehicle parts” worth $11.272 million in the first quarter of 2023, ended March 31, registering an increase of 43.52 per cent compared to the $7.854 million booked in the same period last year, the Ministry of Commerce reported, citing Customs (GDCE) statistics.

Meko Intelligent (Cambodia) Co Ltd’s $32 million light bulbs, electronics and electronic parts factory in northern Takeo province official opened on February 20, which pundits have lauded as a product of local export-diversification efforts.

A senior investment official has reiterated a request for Japanese investors to ramp up their commitments to the Cambodian market, recommending a Thailand or Vietnam “Plus One” business approach, amid a government-spearheaded push towards deeper integration into regional and global supply chains.

PHNOM PENH (The Phnom Penh Post/Asia News Network): The government has developed a game plan to turn Cambodia into a regional and global production hub for automotive and electronic components, draw in more investment in the field, and boosting exports by billions of US dollars in the long run.

The government has developed a game plan to turn Cambodia into a regional and global production hub for automotive and electronic components, draw in more investment in the field, and boosting exports by billions of US dollars in the long run.