jbac€¦ · border observation tour (cancelled) in fy 2018, we conducted a tour to poipet at the...
TRANSCRIPT
Marubeni Corporation
MUFG Bank, Ltd.
Kintetsu World Express (Cambodia) Co., Ltd.
Representative office of Mitsubishi Corporation
AEON MALL (CAMBODIA) CO., LTD.
Branch of Mizuho Bank, Ltd.
Minebea (Cambodia) Co., Ltd.
YAMAZAKI Norimasa KAWAKATSU Atsushi MOCHIDA Shigeru NAKADA Yasunobu ONO Susumu IIJIMA Maresuke EGASHIRA Takashi KANDA Yogo NAKAGAWA Tetsuyuki YAGI Takao SHIOZAKI Tetsu
Secretariat
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
From previous FY
Facebook Messenger
Created a network on Facebook Messenger to share information among department members.
It is effectively used to share information on a timely basis such as information on Prakas (regulations) and opinions of member companies.
June, September, December, March
Phnom Penh Friendly golf competition held 4 golf competitions are held annually to encourage friend- ship among the members. As of end March 2020, a total of 186 people have participated in 9 golf competitions.
April Committee At least one member of the department attends each committee meeting to collect information and feedback to the department.
This has promoted communication between the commit- tees and the department, and raised a sense of participa- tion especially in the activities related to the Public-Private Sector Meeting.
June Survey on investment issues
Conducted a fact-finding survey on electricity, tax system, logistics, and customs procedures.
59 out of 64 department member companies responded to the survey, which enabled to quantitatively organize the issues faced by the Manufacturing Department.
Since June At each area Began recording power outage damage and prior notifications.
The recording will be continued to gather evidence for power issues discussed at the Public-Private Sector Meet- ing, and as follow-up after improvements.
June 21 1st Department Meeting
Mini Seminar "Basic Knowledge on Tuberculosis" Lecturer: Dr. Kosuke Okada, JATA Cambodia Representative (Director of Japan Anti-Tuberculosis Association)
It is extremely important for manufacturers that employ many workers to understand the infection path, the impact of tuberculosis, and take measures. The present situation shows one patient in every 300 people.
August 19 - 23
Thailand Factory Maintenance Course-Electric Relay & Pro- gramming (Basic Level) (Organized by AOTS)
Technical training in Thailand using the AOTS subsidy. 12 employees from 9 companies participated.
October Poipet AMEICC 5S, Kaizen, QC Seminar (Organized by AOTS)
Seminar using the AOTS subsidy with 40 participants from Japanese companies.
November 25 - 30
PPSEZ Professional Employee Development Program (QC) (Organized by AOTS)
Seminar using the AOTS subsidy. Held a 3-day training for Cambodian employees of the Manufacturing Department. 78 employees from 14 companies participated.
From December
Manufacturing Department Meeting, PPSEZ
Provided support to companies wishing to receive information on preparing EPA/EMP application doc- uments, and shared model company samples (Held jointly with PPSEZ).
23 companies (including 21 JBAC member companies) requested support, which is still being provided in line with each of their progress.
December 23 MOLVT Cambodia-Japan Public-Private Sector Meeting Submitted a proposal reflecting the voices from manufac- turing sites. Cooperation in the TVET Project is still un- derway.
February 14 - 16 (Cancelled)
Bavet-Ho Chi Minh Border observation tour (cancelled)
In FY 2018, we conducted a tour to Poipet at the Thai border to see the border gates and the Southern Eco- nomic Corridor. This fiscal year, a tour of the land route from Bavet at the Vietnamese border to Ho Chi Minh was scheduled. It was postponed until next fiscal year due to COVID-19.
March 4 PPSEZ Professional Employee Development Program (QC) follow-up seminar
30 people from 8 companies participated. It served to deepen the understanding of what was covered in the seminar in November, providing an opportunity to take concrete action. The new initiative was successful as it did not simply hand out completion certificates.
March 6 4th Department Meeting
Mini Seminar "Prevention of Coronavirus" Lecturer: Dr. Kosuke Okada, JATA Cambodia Representative (Director of Japan Anti-Tuberculosis Association)
One of the greatest dangers of COVID-19 is being able to transmit the virus without having any symptoms. We appreciate the great support that covers even the latest topics.
March 10 PPSEZ Follow-up seminar on preparing EPA/EMP applica- tion documents
10 companies participated. Each company drafted an ap- plication, and we also conducted a Q&A to confirm the un- derstanding of the participants and made preparations to ensure smooth acceptance when applying at MoE.
10Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 19 JETRO Cambodia Office Conference Room
Builder's Risk Insurance (Lecturer: Mr. Akiba of Mitsui Sumitomo Insurance)
Matters related to the builder's risk insurance was explained in detail, and the lecture served to deepen understanding about the insurance.
September 20 SKYLAR by Meridian
SKYLAR by Meridian Tour, Introduction of MLIT's "Cam- bodia Urban Development and Real Estate Platform," Presentation of the search application of the Ministry of Land Management, Urban Planning and Construction
By touring the completed project, we could confirm the quality and sales situation and sales terms of the newly built condominium, which was very informative.
December 6 AEON Hall (Aeon Mall -I) Mr. Koji Kanzaki and Cambodia
The presentation by Mr. Kanzaki who has been in Cambo- dia since before the civil war was a very valuable opportu- nity to hear about an era that we do not know about.
March 5 JETRO Cambodia Office Conference Room
Presentation on the Outline of the New Law on Construction (Lecturer: Ms. Emiko Kanetake, Legal Advisor to the Ministry of Land Management, Urban Planning and Construction)
The presentation outlining the new law on construction allowed us to assess the present situation and grasp future issues. It will take some years to establish the legal system, so updates will be needed from time to time.
July 14, October 18, December 18, March 8
Garden City Golf Course Department golf competition The competition is held four times a year to encourage
mutual friendship and exchange among the members.
11 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 11 JETRO Main Conference Room
Seminar: Seniority Payment by Attorney Yoshida of JBL Mekong
With payments for the Seniority Payment system start- ing in June, we received a detailed explanation including the latest information to deepen our understanding.
August 8 JETRO Main Conference Room
Seminar: Tax Inspection of Representative Offices by Mr. Yamada of KPMG
The explanation on the frequently disputed points of a representative office tax inspection helped us to un- derstand how to respond to an inspection and points to remember.
September 14 Garden City Golf Club
Foreign Trade Department Golf Competition
8 participants divided into 2 teams for a team competi- tion. The first golf competition turned out to be an enjoy- able event to promote exchange.
November 19 JETRO Main Conference Room
Seminar: Promising Sectors in Cambodia and Financial Affairs by Manager Yagi of Mizuho Bank
With growing interest on the issue of EBA suspension, the seminar compiled the latest information to explain the situation, and outlined the business environment in Cambodia following Prime Minister Hun Sen's presenta- tions in Japan.
12Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 6 Green Palace Hotel Conference Room 16F
About the 3rd JBAC/GDCE discussion meeting Summary of issues to be addressed as JBAC in 2019 Role sharing in the Transport Department for FY2019
In addition to the board members of the Transport Department, each member readily accepted to take on various roles to prepare for Mini Seminars at the department meeting, and the proceedings on the day.
September 18
AEON HALL DAYLIGHT PLAZA
Summary of issues to be addressed in the future (Public-Private Sector Meeting, discussion meetings with ministries and agencies, etc.) Seminar "Logistics Market Survey of Cambodia and Neighboring Countries" Lecturer: Mr. Toshiaki Sakatsume of Padeco Co., Ltd.
The seminar this time welcomed the participation of members from other departments. We were able to share the latest developments in logistics in Cam- bodia and neighboring countries with the other de- partment members.
December 16
JETRO Phnom Penh Conference Room
Review of the 18th Public-Private Sector Meeting About the agenda for the next 19th Public-Private Sector Meeting Mini Seminar "Outline of the Transfer Pricing Tax System" Lecturer: Mr. Yusuke Shimizu of Ernst & Young (Cambodia) Ltd."
Heated discussions were held at this meeting over such issues as the request for early opening of the Stung Bot border, GDCE response, and regulations on vehicle length. The meeting ended way past the scheduled time.
March 2 Sunway Hotel Conference Room
Review of the 19th Public-Private Sector Meeting About the next discussion meeting with GDCE About the FY2020 Transport Department board members Mini Seminar "Outline of Cambodia's New Laws and Amendment Updates in FY2019" Lecturer: Mr. Nobuaki Murakami of One Asia Lawyers Cambodia Office"
Unlike in the past, a flow has been created by the ministries and agencies to provide some kind of feedback on the topics proposed by JBAC, regard- less of the feasibility. We shared the information within the department and confirmed what steps the department should take going forward to resolve the issues.
13 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 25 JETRO Conference Room
Study Group/ "Recent Trends in US-China Trade Tensions" Presentation: Mr. Nakai of Sumitomo Mitsui Banking Corporation
At this first meeting of the fiscal year, department members ex- changed views on the department activity policy. Then we dis- cussed the impact of the US-China trade tensions on Cambodia. Constructive discussions were held on topics such as, "What is required of Cambodia to become a strong candidate when shifting production bases from China?"
September 19
JETRO Conference Room
Seminar/ "Outline of Cambodia's Tax System" Lecturer: Manager Shimizu of Ernst & Young Cambodia"
The seminar was held to systematically understand the many par- ticular aspects of Cambodia's tax system and update ourselves on the latest tax system. Manager Shimizu of E&Y highlighted the key points so that we could better understand the monthly declaration system and tax incentives for QIP, etc.
November 4
JETRO Conference Room
Seminar/ "Outline of the Application of IFRS for SMEs" Lecturer: Manager Yamada of KPMG Cambodia"
Manager Yamada of KPMG explained the outline and key points of the initial application of IFRS for SMEs. IFRS was introduced from FY2019 following instructions from the central bank of Cambodia, and the seminar was held in response to the request of department members who were facing difficulties in daily operations. It high- lighted the key points which allowed us to effectively understand the system from an operational perspective.
March 13 JICA Cambodia Office Conference Room
Seminar/ "Empirical Study on the Promotion of Home Currency in Cambodia" Lecturer: Mr. Aiba, Research Fellow of JICA Research Institute; Mr. Shinohara, Industrial Development & Public Policy Section Chief, JICA Cambodia Office
We received a presentation on the JICA research project, "Empiri- cal Study on the Promotion of Home Currency in Cambodia" from Mr. Aiba of JICA Research Institute and Mr. Shinohara of JICA Cam- bodia. It covered research findings on the current status and issues of financial inclusion in Cambodia, and the joint project with the cen- tral bank of Cambodia. A Q&A session was also held in regard to the research on interest cap. It was a very meaningful session that trig- gered active discussion between JICA and department members.
14Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 10 1st Department Meeting JBAC Office
Presentation by Mr. Iwase of JICA on "Urban development in Phnom Penh (Current status of infrastructure devel- opment, expressway, railway, signals. etc.)"
Based on requests from many companies, we received a presentation on the current status in Phnom Penh as well as future infrastructure plans. For the first time, this agenda was decided through discussion among department members, and going forward we see the need to clarify what the members are interest in and what they want to know.
September 10
2nd Department Meeting JBAC Office
Presentation by Mr. Kurata of Kurata Pepper Co., Ltd on "Keys to success in doing business in Cambodia"
This was realized because we thought it would be best to learn direct- ly from a pioneer in the market about the keys to succeeding in Cam- bodia. It was a valuable presentation that covered an era in Phnom Penh from the 90s to present, which was very informative and at the same time evoked a feeling of gratitude to such pioneers who paved the way to create what exists today.
December 12
Toyoko-INN (Cambodia), Co., Ltd. "Company overview, introduction of conference rooms, tour of guest rooms"
Corporate members often provide venues for the Commerce Department meetings, and this time it was held at Toyoko-INN. The presentation mainly focused on the conference rooms available for corporate use and the guest rooms. It stimulated other hotel members and allowed everyone to refresh themselves.
March 10 4th Department Meeting JBAC Office
FORVAL (CAMBODIA) Co., Ltd. "Lower staff turnover! Effective ways to accept Cambodian personnel (before/at the time of/after employment)"
Amidst the spread of the coronavirus, companies posting growth are preparing for post-COVID by stepping up their training. The presentation highlighted very effective approaches. It was very informative as we have many B-to-C companies in the Commerce Department.
15 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
May 29 JETRO Main Confer- ence Room
Discussions on Service Department's future activities direction and details
The discussion also studied ideas on department meeting activities other than seminars.
September 3
China affairs in Cambodia (Mr. Liu Hongfei)
It was a valuable opportunity to understand the present situation of Chinese investment in Siem Reap and Phnom Penh, what types of Chinese people are leaving Cambodia due to the recent ban on online casino, and other topics that are not reported in the media.
November 26
JETRO Main Confer- ence Room
What you thought you knew about Cambodia (Mr. Takuma Koichi, Chair- man of JACAM)
It was a very informative session to learn in detail about top- ics that we normally would do not hear about, such as how authorities in Cambodia gather information, the prime minis- ter's successor issue, etc.
March 4 JETRO Main Confer- ence Room
Legal considerations when investing in Cambodia by investment type, and roundtable discussions (Attorney Yugo Nagata of TMI SOHGOH Ltd.)
As many Service Department members provide services to businesses in their initial stages of investing in Cambodia, the presentation on investment risks was useful. In particular, the exchange of detailed information on the different risks for each type of investment was helpful.
16Yearbook
2 Ensuring implementation of lower power rates
3 "Power supply stabilization Advance notice of planned power outages"
Environment 4 Clarification of the EPA application method
Minimum Wage 5 Review of the minimum wage increase rate
Seniority Payment 6 Seniority Payment
Taxation
7 Speedier VAT refunds
8 Review of the application of prepayments of tax on income
9 Simplification of tax procedures for companies with multiple QIPs
10 Review of the application of additional tax on dividend distributions
11 Clarification of provisions for minimum tax exemption
12 VAT refund for meal expenses to non-garment industries
13 Adapting processing fee trade for non-garment industries
Logistics
14 Accelerating improvements at border gates, Early opening of the Stung Bot border
15 Speedier customs clearance at Thai/Vietnam borders, 24-hour operations
16 Unclear payments related to customs clearance fees
17 Regulations on truck length
18 Provision of accurate information concerning master list application
19 Introduction of paperless export/import documents
20 Lower certificate of origin issuance fees
21 Review of the application of special tax
26Yearbook
28Yearbook
The number of Japanese companies registered in Ministry of Commerce in Cambodia
The number of Japanese in Cambodia
0
500
1000
1500
2000
2500
3000
3500
88
193
65
29 JBAC
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20180
200
400
600
800
China 70.3
Japan 23.0
MUFG Bank, Ltd.
Kintetsu World Express (Cambodia) Co., Ltd.
Representative office of Mitsubishi Corporation
AEON MALL (CAMBODIA) CO., LTD.
Branch of Mizuho Bank, Ltd.
Minebea (Cambodia) Co., Ltd.
YAMAZAKI Norimasa KAWAKATSU Atsushi MOCHIDA Shigeru NAKADA Yasunobu ONO Susumu IIJIMA Maresuke EGASHIRA Takashi KANDA Yogo NAKAGAWA Tetsuyuki YAGI Takao SHIOZAKI Tetsu
Secretariat
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
From previous FY
Facebook Messenger
Created a network on Facebook Messenger to share information among department members.
It is effectively used to share information on a timely basis such as information on Prakas (regulations) and opinions of member companies.
June, September, December, March
Phnom Penh Friendly golf competition held 4 golf competitions are held annually to encourage friend- ship among the members. As of end March 2020, a total of 186 people have participated in 9 golf competitions.
April Committee At least one member of the department attends each committee meeting to collect information and feedback to the department.
This has promoted communication between the commit- tees and the department, and raised a sense of participa- tion especially in the activities related to the Public-Private Sector Meeting.
June Survey on investment issues
Conducted a fact-finding survey on electricity, tax system, logistics, and customs procedures.
59 out of 64 department member companies responded to the survey, which enabled to quantitatively organize the issues faced by the Manufacturing Department.
Since June At each area Began recording power outage damage and prior notifications.
The recording will be continued to gather evidence for power issues discussed at the Public-Private Sector Meet- ing, and as follow-up after improvements.
June 21 1st Department Meeting
Mini Seminar "Basic Knowledge on Tuberculosis" Lecturer: Dr. Kosuke Okada, JATA Cambodia Representative (Director of Japan Anti-Tuberculosis Association)
It is extremely important for manufacturers that employ many workers to understand the infection path, the impact of tuberculosis, and take measures. The present situation shows one patient in every 300 people.
August 19 - 23
Thailand Factory Maintenance Course-Electric Relay & Pro- gramming (Basic Level) (Organized by AOTS)
Technical training in Thailand using the AOTS subsidy. 12 employees from 9 companies participated.
October Poipet AMEICC 5S, Kaizen, QC Seminar (Organized by AOTS)
Seminar using the AOTS subsidy with 40 participants from Japanese companies.
November 25 - 30
PPSEZ Professional Employee Development Program (QC) (Organized by AOTS)
Seminar using the AOTS subsidy. Held a 3-day training for Cambodian employees of the Manufacturing Department. 78 employees from 14 companies participated.
From December
Manufacturing Department Meeting, PPSEZ
Provided support to companies wishing to receive information on preparing EPA/EMP application doc- uments, and shared model company samples (Held jointly with PPSEZ).
23 companies (including 21 JBAC member companies) requested support, which is still being provided in line with each of their progress.
December 23 MOLVT Cambodia-Japan Public-Private Sector Meeting Submitted a proposal reflecting the voices from manufac- turing sites. Cooperation in the TVET Project is still un- derway.
February 14 - 16 (Cancelled)
Bavet-Ho Chi Minh Border observation tour (cancelled)
In FY 2018, we conducted a tour to Poipet at the Thai border to see the border gates and the Southern Eco- nomic Corridor. This fiscal year, a tour of the land route from Bavet at the Vietnamese border to Ho Chi Minh was scheduled. It was postponed until next fiscal year due to COVID-19.
March 4 PPSEZ Professional Employee Development Program (QC) follow-up seminar
30 people from 8 companies participated. It served to deepen the understanding of what was covered in the seminar in November, providing an opportunity to take concrete action. The new initiative was successful as it did not simply hand out completion certificates.
March 6 4th Department Meeting
Mini Seminar "Prevention of Coronavirus" Lecturer: Dr. Kosuke Okada, JATA Cambodia Representative (Director of Japan Anti-Tuberculosis Association)
One of the greatest dangers of COVID-19 is being able to transmit the virus without having any symptoms. We appreciate the great support that covers even the latest topics.
March 10 PPSEZ Follow-up seminar on preparing EPA/EMP applica- tion documents
10 companies participated. Each company drafted an ap- plication, and we also conducted a Q&A to confirm the un- derstanding of the participants and made preparations to ensure smooth acceptance when applying at MoE.
10Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 19 JETRO Cambodia Office Conference Room
Builder's Risk Insurance (Lecturer: Mr. Akiba of Mitsui Sumitomo Insurance)
Matters related to the builder's risk insurance was explained in detail, and the lecture served to deepen understanding about the insurance.
September 20 SKYLAR by Meridian
SKYLAR by Meridian Tour, Introduction of MLIT's "Cam- bodia Urban Development and Real Estate Platform," Presentation of the search application of the Ministry of Land Management, Urban Planning and Construction
By touring the completed project, we could confirm the quality and sales situation and sales terms of the newly built condominium, which was very informative.
December 6 AEON Hall (Aeon Mall -I) Mr. Koji Kanzaki and Cambodia
The presentation by Mr. Kanzaki who has been in Cambo- dia since before the civil war was a very valuable opportu- nity to hear about an era that we do not know about.
March 5 JETRO Cambodia Office Conference Room
Presentation on the Outline of the New Law on Construction (Lecturer: Ms. Emiko Kanetake, Legal Advisor to the Ministry of Land Management, Urban Planning and Construction)
The presentation outlining the new law on construction allowed us to assess the present situation and grasp future issues. It will take some years to establish the legal system, so updates will be needed from time to time.
July 14, October 18, December 18, March 8
Garden City Golf Course Department golf competition The competition is held four times a year to encourage
mutual friendship and exchange among the members.
11 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 11 JETRO Main Conference Room
Seminar: Seniority Payment by Attorney Yoshida of JBL Mekong
With payments for the Seniority Payment system start- ing in June, we received a detailed explanation including the latest information to deepen our understanding.
August 8 JETRO Main Conference Room
Seminar: Tax Inspection of Representative Offices by Mr. Yamada of KPMG
The explanation on the frequently disputed points of a representative office tax inspection helped us to un- derstand how to respond to an inspection and points to remember.
September 14 Garden City Golf Club
Foreign Trade Department Golf Competition
8 participants divided into 2 teams for a team competi- tion. The first golf competition turned out to be an enjoy- able event to promote exchange.
November 19 JETRO Main Conference Room
Seminar: Promising Sectors in Cambodia and Financial Affairs by Manager Yagi of Mizuho Bank
With growing interest on the issue of EBA suspension, the seminar compiled the latest information to explain the situation, and outlined the business environment in Cambodia following Prime Minister Hun Sen's presenta- tions in Japan.
12Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 6 Green Palace Hotel Conference Room 16F
About the 3rd JBAC/GDCE discussion meeting Summary of issues to be addressed as JBAC in 2019 Role sharing in the Transport Department for FY2019
In addition to the board members of the Transport Department, each member readily accepted to take on various roles to prepare for Mini Seminars at the department meeting, and the proceedings on the day.
September 18
AEON HALL DAYLIGHT PLAZA
Summary of issues to be addressed in the future (Public-Private Sector Meeting, discussion meetings with ministries and agencies, etc.) Seminar "Logistics Market Survey of Cambodia and Neighboring Countries" Lecturer: Mr. Toshiaki Sakatsume of Padeco Co., Ltd.
The seminar this time welcomed the participation of members from other departments. We were able to share the latest developments in logistics in Cam- bodia and neighboring countries with the other de- partment members.
December 16
JETRO Phnom Penh Conference Room
Review of the 18th Public-Private Sector Meeting About the agenda for the next 19th Public-Private Sector Meeting Mini Seminar "Outline of the Transfer Pricing Tax System" Lecturer: Mr. Yusuke Shimizu of Ernst & Young (Cambodia) Ltd."
Heated discussions were held at this meeting over such issues as the request for early opening of the Stung Bot border, GDCE response, and regulations on vehicle length. The meeting ended way past the scheduled time.
March 2 Sunway Hotel Conference Room
Review of the 19th Public-Private Sector Meeting About the next discussion meeting with GDCE About the FY2020 Transport Department board members Mini Seminar "Outline of Cambodia's New Laws and Amendment Updates in FY2019" Lecturer: Mr. Nobuaki Murakami of One Asia Lawyers Cambodia Office"
Unlike in the past, a flow has been created by the ministries and agencies to provide some kind of feedback on the topics proposed by JBAC, regard- less of the feasibility. We shared the information within the department and confirmed what steps the department should take going forward to resolve the issues.
13 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 25 JETRO Conference Room
Study Group/ "Recent Trends in US-China Trade Tensions" Presentation: Mr. Nakai of Sumitomo Mitsui Banking Corporation
At this first meeting of the fiscal year, department members ex- changed views on the department activity policy. Then we dis- cussed the impact of the US-China trade tensions on Cambodia. Constructive discussions were held on topics such as, "What is required of Cambodia to become a strong candidate when shifting production bases from China?"
September 19
JETRO Conference Room
Seminar/ "Outline of Cambodia's Tax System" Lecturer: Manager Shimizu of Ernst & Young Cambodia"
The seminar was held to systematically understand the many par- ticular aspects of Cambodia's tax system and update ourselves on the latest tax system. Manager Shimizu of E&Y highlighted the key points so that we could better understand the monthly declaration system and tax incentives for QIP, etc.
November 4
JETRO Conference Room
Seminar/ "Outline of the Application of IFRS for SMEs" Lecturer: Manager Yamada of KPMG Cambodia"
Manager Yamada of KPMG explained the outline and key points of the initial application of IFRS for SMEs. IFRS was introduced from FY2019 following instructions from the central bank of Cambodia, and the seminar was held in response to the request of department members who were facing difficulties in daily operations. It high- lighted the key points which allowed us to effectively understand the system from an operational perspective.
March 13 JICA Cambodia Office Conference Room
Seminar/ "Empirical Study on the Promotion of Home Currency in Cambodia" Lecturer: Mr. Aiba, Research Fellow of JICA Research Institute; Mr. Shinohara, Industrial Development & Public Policy Section Chief, JICA Cambodia Office
We received a presentation on the JICA research project, "Empiri- cal Study on the Promotion of Home Currency in Cambodia" from Mr. Aiba of JICA Research Institute and Mr. Shinohara of JICA Cam- bodia. It covered research findings on the current status and issues of financial inclusion in Cambodia, and the joint project with the cen- tral bank of Cambodia. A Q&A session was also held in regard to the research on interest cap. It was a very meaningful session that trig- gered active discussion between JICA and department members.
14Yearbook
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
June 10 1st Department Meeting JBAC Office
Presentation by Mr. Iwase of JICA on "Urban development in Phnom Penh (Current status of infrastructure devel- opment, expressway, railway, signals. etc.)"
Based on requests from many companies, we received a presentation on the current status in Phnom Penh as well as future infrastructure plans. For the first time, this agenda was decided through discussion among department members, and going forward we see the need to clarify what the members are interest in and what they want to know.
September 10
2nd Department Meeting JBAC Office
Presentation by Mr. Kurata of Kurata Pepper Co., Ltd on "Keys to success in doing business in Cambodia"
This was realized because we thought it would be best to learn direct- ly from a pioneer in the market about the keys to succeeding in Cam- bodia. It was a valuable presentation that covered an era in Phnom Penh from the 90s to present, which was very informative and at the same time evoked a feeling of gratitude to such pioneers who paved the way to create what exists today.
December 12
Toyoko-INN (Cambodia), Co., Ltd. "Company overview, introduction of conference rooms, tour of guest rooms"
Corporate members often provide venues for the Commerce Department meetings, and this time it was held at Toyoko-INN. The presentation mainly focused on the conference rooms available for corporate use and the guest rooms. It stimulated other hotel members and allowed everyone to refresh themselves.
March 10 4th Department Meeting JBAC Office
FORVAL (CAMBODIA) Co., Ltd. "Lower staff turnover! Effective ways to accept Cambodian personnel (before/at the time of/after employment)"
Amidst the spread of the coronavirus, companies posting growth are preparing for post-COVID by stepping up their training. The presentation highlighted very effective approaches. It was very informative as we have many B-to-C companies in the Commerce Department.
15 JBAC
Date Place Event / Agenda Results of the event, remarks, supplementary information, etc.
May 29 JETRO Main Confer- ence Room
Discussions on Service Department's future activities direction and details
The discussion also studied ideas on department meeting activities other than seminars.
September 3
China affairs in Cambodia (Mr. Liu Hongfei)
It was a valuable opportunity to understand the present situation of Chinese investment in Siem Reap and Phnom Penh, what types of Chinese people are leaving Cambodia due to the recent ban on online casino, and other topics that are not reported in the media.
November 26
JETRO Main Confer- ence Room
What you thought you knew about Cambodia (Mr. Takuma Koichi, Chair- man of JACAM)
It was a very informative session to learn in detail about top- ics that we normally would do not hear about, such as how authorities in Cambodia gather information, the prime minis- ter's successor issue, etc.
March 4 JETRO Main Confer- ence Room
Legal considerations when investing in Cambodia by investment type, and roundtable discussions (Attorney Yugo Nagata of TMI SOHGOH Ltd.)
As many Service Department members provide services to businesses in their initial stages of investing in Cambodia, the presentation on investment risks was useful. In particular, the exchange of detailed information on the different risks for each type of investment was helpful.
16Yearbook
2 Ensuring implementation of lower power rates
3 "Power supply stabilization Advance notice of planned power outages"
Environment 4 Clarification of the EPA application method
Minimum Wage 5 Review of the minimum wage increase rate
Seniority Payment 6 Seniority Payment
Taxation
7 Speedier VAT refunds
8 Review of the application of prepayments of tax on income
9 Simplification of tax procedures for companies with multiple QIPs
10 Review of the application of additional tax on dividend distributions
11 Clarification of provisions for minimum tax exemption
12 VAT refund for meal expenses to non-garment industries
13 Adapting processing fee trade for non-garment industries
Logistics
14 Accelerating improvements at border gates, Early opening of the Stung Bot border
15 Speedier customs clearance at Thai/Vietnam borders, 24-hour operations
16 Unclear payments related to customs clearance fees
17 Regulations on truck length
18 Provision of accurate information concerning master list application
19 Introduction of paperless export/import documents
20 Lower certificate of origin issuance fees
21 Review of the application of special tax
26Yearbook
28Yearbook
The number of Japanese companies registered in Ministry of Commerce in Cambodia
The number of Japanese in Cambodia
0
500
1000
1500
2000
2500
3000
3500
88
193
65
29 JBAC
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20180
200
400
600
800
China 70.3
Japan 23.0