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IndoCham hosts inaugural members event, aims to boost bilateral trade and investment

Indonesian Chamber of Commerce in Cambodia (IndoCham) hosted its inaugural member’s event hosting approximately 40 members as well as the Indonesian Ambassador.

The event also introduced the chambers executive committee of six lead by President Dalton Wong an Indonesian national and Chairman of Speedwind Group.

In addition, with Alfred K. Aliwarga (Tresurer), Octavianus (Vice President), Hendarto (Advisor), Chandra Satya (VP-CSR) and Candra Tanpatti (Reg. VP-Siem Reap).

Speaking at the event Dalton Wong, IndoCham President told Cambodia Investment Review the newly formed chamber aims to build business, socio-cultural and community inclusiveness.

He added, the chamber would also act as a gateway or platform so that Cambodian and foreign businesses, entrepreneurs

“Indocham shall build a strong community network for Indonesian businesses, professionals and employees to interact with each other, exchange views, ideas and best practices, and share or collaborate on business and investment opportunities for mutual benefit,” Dalton said.

“At the same time, we will also create a gateway or platform so that Cambodian and foreign businesses, entrepreneurs and investors in Cambodia or that are interested in establishing a presence here will be able to network with each other and with Indocham members,” he added.

In 2020, the total trade volume reached $588.65 million, a decrease of 10.9% compared to the same period in 2019 ($661.11 million), due to the ongoing pandemic.

From 2016 – 2020, the trend of trade balance between both countries was on average 7.53%, based on the data from the Ministry of Trade of the Republic of Indonesia.

HE Sudirman Haseng, Indonesian Ambassador said IndoCham would be the legacy that I’ll leave behind as the Indonesian Ambassador to Cambodia.

“I’m optimistic that IndoCham could help boost the bilateral trade between the two countries,” he said.

According to the embassy, Indonesian investments to Cambodia are worth an estimated $350 million.

The two countries established diplomatic relations in 1957 and maintained bilateral exchanges in the areas of trade, education, military, politics, culture, among others since then.

Last month, Cambodia Investment Review highlighted several successful businesses already operated by the Indonesian business community in logistics, F&B, recreational activities, banking and renewable energy investment.

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