South Korean, Japanese, and Chinese firms make up the lions share of foreign direct investment (FDI) in Cambodia, accounting for a combined total of more than 1,500 projects.
From Phnom Penh’s first real shopping mall and towering office towers, and condominiums all way down to restaurants and even hospitals, companies from China, South Korea, and Japan lead the field in total investment value and number of projects.
It’s not surprising that a business networking night catering to those nationals, in addition to Khmer business owners and operators, will be well particularly well patronised in a city where new projects commence and reach completion in what appears to be record periods of time. Everyone wants to know what everyone else is up to and where there might be opportunities for those with established operations.
Organised by a group of four established Cambodian businesses – Couponking, coupon media for Cambodians by Japanese, Phnom, a Japanese magazine, Enjoy Cambodia, a Chinese magazine, Peoplen, a Korean HR company – the ‘KJCC Business Networking Night’s’ have been running twice a year for two years.
According to Yuji Kiyono, a spokesperson for the organisers, each subsequent KJCC Business Networking Night draws an increasingly large gathering from the who’s who in Cambodia foreign invested projects.
As a social networking event the 4th KJCC Business Networking Night couldn’t have been more of a success. Among the more than 300 attendees at the the most recent gathering were the country heads of large, multi-national corporations through to online business start-up owners and food and beverage suppliers.
“We started organising these events as a way for people to connect with others also investing and doing business in Cambodia. As a result of the KJCC business networking events several companies have generated new sales channels. Several others have established new projects specifically to supply people they met at one of the KJCC business networking nights”, Mr Kiyono said.
While the event is titled as being a business networking night for Korean, Japanese, Chinese, and Cambodian business owners, Mr Kiyono said business owners of any nationality are welcome to attend.
“So far we have about an equal representation of people from each of the four nationalities (Chinese, Khmer, Korean, Japanese), but anyone who might be interested in extending their business network in Cambodia in a relaxed setting is welcome, Mr Kiyono added.
The next KJCC Business Networking Night will be held in May next year, with updated information being posted closer to the event on the KJCC Business Networking Night Facebook page.
KJCC Business Networking Night Slide Gallery
Photos: John Le Fevre