Logo of Phnom Penh Post newspaper Phnom Penh Post - Japanese FDI on the rise in Cambodia

Japanese FDI on the rise in Cambodia

Japanese FDI on the rise in Cambodia

The strong inflow of Japanese investment is expected to continue on the back of both large-scale commercial projects and the consumer habits of Japanese expatriates residing and working in Cambodia, according to investment officials.

Japanese investment into the Kingdom over the last 25 years through May 2017 totalled $1.5 billion, the Council for Development of Cambodia (CDC) said on Tuesday after the closing of the 15th Cambodia-Japan Public Private Sector Meeting, which drew nearly 70 Japanese investors to Phnom Penh. The investment has covered some 125 registered projects to date, as well as 200 Japanese restaurants, it said in a press release.

“The number of Japanese restaurants is expected to jump further when Japanese retail giant Aeon Mall opens its second outlet in Phnom Penh next year,” the release added.

The CDC said the $1.5 billion invested in the last few decades was proof that Japanese investors are increasingly seeing Cambodia as a safe and open place to do business, expand production and branch out into the service sector.

Chan Vichet, an assistant director of Sushi Bar, a Japanese-owned restaurant in Phnom Penh, said that he has witnessed firsthand the surge of Japanese expats and the consumer habits they have brought.

“The increase of Japanese restaurants in Cambodia is a good sign that Japanese investment will continue to increase,” he said, adding that Sushi Bar entered the market in 2012 and plans to open its third outlet next year due to demand.

MOST VIEWED

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia to make auto-rickshaws

    Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. According to a CDC press release, it will issue a final registration