Phnom Penh, 11th September 2024 – In a significant step towards enhancing economic ties and cross-border business opportunities, Cambodia-Japan Cooperation Center (CJCC), the Cambodia-Japan Association for Business & Investment (CJBI), Hattha Bank, and MUFG Bank signed a Memorandum of Understanding (MoU). This landmark agreement aims to promote business collaborations and economic cooperation between Cambodia, Japan, Thailand, and other countries where the 3 combined franchises operate.

Building on this foundation, the MoU serves to create a robust framework for collaboration among all parties involved to drive business development and economic growth. The entities are dedicated to strengthening ties among investors and business leaders in Cambodia, Japan, Thailand, and beyond. This partnership aims to enhance access to cross-border opportunities, significantly boosting the economic development of Cambodia and the ASEAN region while leveraging collective expertise to foster mutual growth.

During the opening remarks on the MoU, Dr. Khim Leang, Director of the Cambodia-Japan Cooperation Center (CJCC), stated, “It is a great honor and privilege for CJCC and CJBI to enter into this MoU with MUFG Bank, one of the major megabanks in Japan, and Hattha Bank Plc., a leading bank in Cambodia. We believe this MoU will lay the foundation for a closer and more fruitful partnership between our organizations. On a smaller scale, it will bring mutual benefits through various business activities, including business matching and the introduction of potential clients to the banks. On a larger scale, this partnership will contribute to strengthening Cambodia’s entrepreneurship ecosystem by fostering business capacity development and expanding financial access. This, in turn, will enhance economic linkages and drive economic growth in Cambodia.”

Commenting on the MoU’s significance, Mr. Min Sopha, President & CEO of Hattha Bank, said, “We are excited to partner with CJCC and CJBI. This MoU reflects our joint commitment to driving economic development by strengthening business ties and delivering innovative financial services that support growth and sustainability across the region.”

This agreement is part of a broader effort by all participating franchises to promote cross-border trade and investment, creating opportunities for businesses, entrepreneurs, and investors alike to thrive in an increasingly connected global economy. Ultimately, this partnership reinforces the strategic role of Hattha Bank and MUFG Bank to support Cambodia’s growing economy through innovative financial services and collaborations.

CJCC/CJBI hope this cooperation will assist us to fulfill our activities in promoting human resource and business development, as well as to strengthen the capacity of entrepreneurs, businesses and SMEs owners in Cambodia.