Japanese investment in light industry desired
Cambodia hopes to see Japanese investment in the light industry sector, which will help develop the kingdom’s labor force. Minister of Commerce Pan Sorasak, in a meeting last week with Japanese Ambassador to Cambodia Hidehisa Horinouchi, asked Japan to consider investing in the light industry sector. Japan is already the biggest investor in Cambodia’s special economic zones with $300 million invested. In Channy, board chairman of the Cambodia-Japan Association for Business and Investment, said that most Japanese investors invest for the long term and by doing so, can help Cambodia move towards a more skilled labor force. “Japanese investors are strategic investors, meaning they think about investing for the long term which is a good sign for Cambodia’s economy,” Mr. Channy said. “By having strategic investors like the Japanese, Cambodian laborers can become skilled laborers.”
