Logo of Phnom Penh Post newspaper Phnom Penh Post - Japan’s government will support Kingdom in avoiding development pitfalls




Japan’s government will support Kingdom in avoiding development pitfalls

Content image - Phnom Penh Post
Minister of Land Management, Urban Planning and Construction Chea Sophara speaks at the Private-Public Platform on Cambodian-Japanese Urban Development forum. Heng Chivoan

Japan’s government will support Kingdom in avoiding development pitfalls

Japan's vice-minister of Land, Infrastructure, Transport and Tourism said at a forum in Phnom Penh on Wednesday that Cambodia is in a similar situation to when Japan began its rapid economic growth.

Yuki Fumihiko said the Japanese government would continue to cooperate with Cambodia to ensure it does not encounter the same problems as Japan – placing particular emphasis on the importance of creating “smart cities”.

Japan chose Cambodia to host the first meeting of the Public-Private Platform for Urban Development, Cambodia-Japan. The forum, held in Phnom Penh, was attended by 58 Japanese and 123 Cambodian companies.

Minister of Land Management, Urban Planning and Construction Chea Sophara, who attended the meeting, encouraged Japanese businesspeople to come to the Kingdom to invest either directly or in partnership with Cambodian nationals.

‘Many opportunities’

He said Cambodian authorities are willing to cooperate in every circumstance with Japanese investors. Cambodia’s current progress, he said, has owed much to huge contributions from the Japanese government and Japanese investors.

“I would like to thank the Japanese government for choosing Cambodia . . . to host the first meeting of the Public-Private Platform for Urban Development, which shows Japanese investors’ confidence in the potential of Cambodia’s economy,” he said, adding that the forum will further strengthen the solidarity and friendship of both nations.

Help avoid problems

Fumihiko said while Cambodia is in a similar position to Japan when it was at the start of a growth boom, Japan faced many problems – such as housing issues, traffic congestion and environmental concerns – that he hopes his government can to help the Kingdom avoid.

“The aim of the Japanese [government] is to cooperate with Cambodia to ensure that it does not face as many problems as Japan did when it comes to growth."

“Our goal is to create smart cities to make the lives of Cambodians easier and affordable, to allow them to connect with nature through the use of advanced technologies, and to solve the urban problems that are currently being faced,” he said.

Representing the private sector in the Kingdom, Housing Development Association of Cambodia president Ly Hour said the construction and infrastructure sectors are the most prominent and progressive, contributing to the four priority areas supporting Cambodia’s economic growth – agriculture, textiles, tourism and finance.

He said Japan has contributed significantly to helping the construction sector in the Kingdom – Japanese investors were ranked number three for Cambodian construction investment from 2000-2018.

“Cambodia still has many opportunities for investment, especially in the construction and infrastructure sectors, with the prospect of investors receiving high profits,” he said.

MOST VIEWED

  • School reopening to be postponed until November

    Minister of Education Hang Chuon Naron on Tuesday wrote to Prime Minister Hun Sen requesting a delay of school reopening across the Kingdom until November, when the new academic year begins. In his letter, Chuon Naron said the postponement is warranted to avoid the new

  • Foreigners in Kingdom must now register in FPCS system

    The Ministry of Interior’s General Department of Immigration (GDI) announced that it would not grant visa extensions to foreigners staying in Cambodia if their names are not listed on the Foreigners Present in Cambodia System (FPCS) by July 1. Foreign nationals can register in the

  • Covid-19 at ‘alarming rate’, health ministry says

    The Covid-19 risk level for individual transmission is at an “alarming rate” in the Kingdom and its probability is “not low”, warned Health Ministry spokesperson Or Vandine. “Cambodia’s coronavirus scenario is classified as being at an early stage of the pandemic because of ongoing

  • Mandatory quarantine for 30,000 workers begins

    Some of the roughly 30,000 workers from factories and enterprises across the Kingdom who went on leave during Khmer New Year began their government-imposed 14-day quarantine on Monday. Speaking at a press conference while visiting workers at the Phnom Penh Special Economic Zone on Monday, Ministry

  • Unemployed to get $40 per month

    The Ministry of Labour and Vocational Training has instructed enterprises, business owners and travel agencies in five provinces to prepare the proper forms for the suspension of employment contracts. This, it said, will make it easier for the ministry to transfer $40 a month to workers

  • Gov’t travel ban flouted

    While the majority of Cambodians have paid heed to Prime Minister Hun Sen’s order to stay put and not travel during the Khmer New Year – the holidays of which were also postponed – several hundred have left Phnom Penh nonetheless. They have allegedly breached provincial

  • G20 energy ministers struggle to finalise oil output cuts

    Top oil producers struggled to finalise production cuts during a virtual summit held by Group of 20 (G20) energy ministers on Friday, despite US President Donald Trump’s mediation efforts to end a standoff with Mexico. The final G20 communique appeared to gloss over simmering divisions

  • Kingdom revises travel restriction order

    The government on Friday eased the district and provincial border restrictions issued on Thursday. People are now allowed to cross districts within their provinces. Phnom Penh and Kandal province are to be treated as a single region where people are allowed to travel freely. In

  • Private schools struggling

    The Cambodian Higher Education Association has claimed that 113 private educational establishments are facing bankruptcy because of their inability to pay rent and staff salaries in light of nationwide school closures caused by the Covid-19 outbreak. It said the financial trouble started when the Ministry of

  • Khmer New Year holidays postponed

    In an effort to halt Covid-19 infections in the Kingdom, Prime Minister Hun Sen has postponed the Khmer New Year holidays scheduled from April 13 to 16. While the people will not have their usual break, nor will there be any public celebrations or gatherings at pagodas,