Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese bank sets up office

Japanese bank sets up office

One of Japan’s largest banks opened a representative office in Phnom Penh yesterday, targeting foreign, and especially Japanese, investors.

Takeshi Fukui, chief representative of the Mizuho Bank Phnom Penh representative office, said he intends to collect and provide information regarding Cambodia’s investment environment.

Mizuho Bank is the third Japanese mega-bank with a representative office, as opposed to an actual branch, in Phnom Penh. It joins Tokyo-Mitsubishi UFJ Bank and Simitomo Mitsui Banking Corporation.

Japanese investment in the Kingdom has picked up noticeably in the last three years.

Data from the Japanese embassy in Phnom Penh shows that stated investment in projects totaled $330 million in 2012, a big jump from the $75 million in 2011.

At the end of March, there were 115 members of the Japanese Business Association of Cambodia, compared to 101 at the end of 2012.

0

Comments

Please, login or register to post a comment

Latest Video

ACLEDA President In Channy on the key to the bank’s success

Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.

A taste of Phnom Penh's first container night market

At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.

Directors discuss the 'rebirth' of Cambodian cinema

"I believe that Cambodian people have creativity in their blood ... There will come a time where a Golden Age of cinema will come back."