Japan Invests about US$500 Million in Cambodia
AKP Phnom Penh, August 22, 2019 --
Up to the first half of this year, the total volume of Japanese investments in Cambodia increased to nearly US$500 million, up from US$440 million in 2018.
The figures were made known in a press release from the Ministry of Economy and Finance, issued after the recent meeting between Deputy Prime Minister and Minister of Economy and Finance H.E. Aun Pornmoniroth and outgoing Japanese Ambassador to Cambodia H.E. Horinouchi Hidehisa.
According to the same source, during the same period, Cambodia's exports to Japan were valued at over US$1.7 billion, up from US$1.6 billion for the whole year of 2018.
Apart from investments and trade with Cambodia, Japan is a major donor for the Kingdom by providing between 2016 and 2019 cooperation funding of over US$550 million, of which US$150 million as grant aid and more than US$400 million as concessional loan.
This financial assistance, which covered the areas of physical infrastructure (roads, bridges, irrigation system), clean water supply, electricity, education, and health, really supported the national development strategies of Cambodia.
By C. Nika