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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.