A Change of Guard

សូមស្តាប់វិទ្យុសង្គ្រោះជាតិ Please read more Khmer news and listen to CNRP Radio at National Rescue Party. សូមស្តាប់វីទ្យុខ្មែរប៉ុស្តិ៍/Khmer Post Radio.
Follow Khmerization on Facebook/តាមដានខ្មែរូបនីយកម្មតាម Facebook: https://www.facebook.com/khmerization.khmerican

Friday 12 October 2012

Cambodia benefits as Japanese companies shun China: report [Japan and China fight, Cambodia reaps the benefits. How great!]

Phnom Penh, 12 October 2012 (Cambodia herald) - Cambodia is benefitting from new investment interest from Japanese companies facing violence and economic retaliation in China, the Asahi Shimbun reported Friday.

"I receive inquiries three or four times a week," Phnom Penh Special Economic Zone manager Hiroshi Uematsu was quoted as saying. "I have never received so many since I became managing director five years ago."

The Japanese newspaper said Uematsu’s company was developing a new section of the industrial park that will expand the existing 90 hectares by 150 percent.


"All lots in the new section will be filled by the end of next year," Uematsu reportedly said. "I hate to say this, but the current situation in China has served as a tailwind for our company."

The report said about 500 Japanese companies had discussed possible projects with the Council for the Development of Cambodia. "Half of the companies were manufacturers, 80 percent of which were considering relocating from China," it said.

Cambodia's attraction is being fueled not only by cheap wages and an economy open to foreign investment but also improved highway links to Vietnam and Thailand.

"Land transportation has seen Cambodia, Myanmar and Laos included in production networks and their economies are taking off," said Kengo Katsuki, vice president of Minebea (Cambodia) Co, the local subsidiary  of the Japanese precision parts manufacturer. "'Inland ASEAN' is on the rise in the Indochinese Peninsula."

1 comment:

kevin said...

this is a very good news for cambodia,so khmer students will have a good jobs and can build and develop their own country growing fast in near future.