Monday, July 7, 2014

Japanese companies seek opportunities in Cambodia, Myanmar, Vietnam


7 July 2014

More and more Japanese companies have begun to expand their businesses into countries with small economies in Southeast Asia such as Cambodia, Myanmar and Vietnam.

Japanese companies have been shifting their presence in Asia from China through Thailand to nations considered to be less economically advanced. Retail giant Aeon Co. on Monday opened a shopping mall in Phnom Penh, the capital of Cambodia that is one of the nation’s largest commercial complexes. The facility houses about 190 stores, including an Aeon supermarket, a movie theater, a bowling alley and brand-name clothing shops. Aeon Co. invested about ¥20 billion.

As Japanese companies face the issue of a shrinking domestic market due to the low birth rate and the aging population, such nations in Southeast Asia are positioned as an important market to improve their business performances.

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