26 Japanese Firms Explore Agriculture & Vocational Training Investments in Cambodia

• Sommana Yan
• 25 November 2024
• Uncategorized
• 1734 Views

In a promising boost to Cambodia’s agricultural sector, 26 Japanese companies have expressed interest in investing in agriculture, food processing, and aquaculture, as revealed during a meeting between PM Samdech Hun Manet and HE Takahashi Fumiaki, President of the Japan-Cambodia Association, on 19 November 2024. This announcement underscores Japan’s commitment to expanding its economic footprint in Cambodia.

President Takahashi highlighted that the Japan-Cambodia Association, which opened its office in Phnom Penh in April 2024, is actively collaborating with Cambodian ministries and institutions to establish three vocational training schools. These institutions will focus on vehicle repair, makeup and beauty, and IT engineering, aiming to enhance human resource development and support the growing demand for skilled labor in Cambodia.

The delegation further confirmed the participation of 26 Japanese companies keen on entering Cambodia’s agriculture sector, positioning the kingdom as a strategic partner for Japanese small and medium enterprises (SMEs).

PM Hun Manet welcomed the association’s initiatives and congratulated its establishment in Cambodia, recognizing the alignment of these efforts with the Royal Government’s strategic goals. These include fostering SME development, enhancing the production chain for both domestic and export markets, and promoting inclusive economic growth.

The PM encouraged the association to work closely with relevant Cambodian ministries to develop a clear and actionable roadmap that meets the country’s industry needs while bolstering its development aspirations. This collaboration represents a significant step forward in strengthening Cambodia-Japan relations and accelerating Cambodia’s economic progress.

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• Agriculture and Aquaculture Project