In a significant step towards enhancing economic ties and cross-border business opportunities, Hattha Bank, MUFG Bank, Cambodia-Japan Cooperation Center (CJCC), and Cambodia-Japan Association for Business & Investment (CJBI) have 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 three 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.
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.”
During the opening remarks on the MOU, Dr. Khim Leang, Director of the Cambodia-Japan Cooperation Center (CJCC), expressed, “It is a great honour and privilege for CJCC and CJBI to enter this MoU signing agreement with MUFG Bank, Ltd., one of the major megabanks in Japan, and Hattha Bank Plc., one of the leading banks in Cambodia. We believe this MoU will lay the foundation for a closer and more fruitful partnership between our organisations. On a smaller scale, it will bring mutual benefits through various business activities, including business matching and introducing potential clients to the banks. On a larger scale, this partnership will strengthen 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.”
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 in supporting Cambodia’s growing economy through innovative financial services and collaborations.