The Indonesian Chamber of Commerce in Cambodia (IndoCham) hosted a high-level meeting between the Indonesian Chamber of Commerce and Industry (KADIN), the Ministry of Post and Telecommunications (MPTC), and leading stakeholders from international telecommunications companies in Cambodia – organized with assistance by in market consultancy firm AquariiBD.
The meeting was attended by KADIN Chairman, Mr. Arsjad Rasjid, H.E. Chea Vandeth, Minister of Post and Telecommunications, and IndoCham Chairman Dalton Wong, who is also Vice-Chair for KADIN’s Cambodia and Vietnam chapter.
The chairman of KADIN, Arsjad Rasjid has also taken the role as the chair of ASEAN Business Advisory Council is currently conducting an international roadshow to develop deeper economic ties between Indonesia and all its trading nations around the world with a specific focus on attracting more inter-ASEAN direct investment, and bolstering the economic prospects of countries within the context of ASEAN centrality.
Commitment to deepening economic ties between Indonesia
During the meeting, KADIN Chairman, Mr. Arsjad Rasjid, highlighted the long-standing friendship between the two countries and expressed his organizations commitment to deepening trading ties between Indonesia and Cambodia. He also emphasized the potential for Indonesian small and medium-sized enterprises (SMEs), particularly in the digital and information technology sectors, to expand into the Cambodian market.
“Indonesia and Cambodia have a long-standing friendship, and we are committed to deepening economic ties between our two countries. We believe that there is tremendous potential for Indonesian SMEs to expand into the Cambodian market, particularly in the digital and information technology sectors, given the rapidly expanding digital infrastructure in the country.
H.E. Chea Vandeth, Minister of Post and Telecommunications commented, “We are pleased to welcome KADIN and its Chairman, Mr. Arsjad Rasjid, as we work towards increasing bilateral trade between Cambodia and Indonesia. Our collaboration aims to bolster the economic prospects of the two countries through investment within the context of ASEAN centrality. The potential for Indonesian small and medium-sized enterprises, particularly in the digital and information technology sectors, to expand into the Cambodian market is significant, given our rapidly expanding digital infrastructure.”
“The visit to Jakarta in October 2022 by a mixed delegation of Cambodian and foreign representatives from the business communities in Phnom Penh to raise awareness of Cambodia as a destination for investment and business underscores its favorable investment potential and exhibits the flourishing Indonesian business community already established in the Kingdom. We offer our sincere thanks to organizations such as Aquarii BD Cambodia, IndoCham, KADIN, and the Indonesian Embassy in Phnom Penh for their support, which has made these endeavors possible,” he added.
Bhinneka Tunggal Ika “Unity in Diversity” (one is more)
Launched in 2021, IndoCham operates under the country’s national phrase Bhinneka Tunggal Ika “Unity in Diversity” (one is more), and is considered a signature initiative under Ambassador H.E. Sudirman Haseng.
IndoCham Chairman Dalton Wong expressed his pleasure seeing the growing interest from Indonesian companies in Cambodia and believed that the international roadshow conducted by KADIN would only further help facilitate economic collaboration between the two countries and the ASEAN region more broadly.
“We are pleased to see the growing interest from Indonesian companies in Cambodia and believe that our partnership with KADIN, the Cambodian government, and representatives will help to facilitate further economic collaboration between all ASEAN economies,” said IndoCham Chairman Dalton Wong.
Founded in 1968 and established by law in 1987, KADIN is self-funded, and the only nationwide business organization mandated by the Indonesian Government. The organization acts as the voice of the private sector and maintains close relations with the government.