Japan's Hino Motors Ltd launches in Cambodia

TopNews.in
June 17th, 2008

Phnom Penh - Hino Motors Ltd of Japan has opened its first Cambodian branch to take advantage of the booming construction sector, local media reported Tuesday.

The Mekong Times reported the Japanese transport vehicle giant would be angling for the dump truck, cargo truck and concrete mixer market, which is currently dominated by second-hand vehicles.

Construction is one of Cambodia's fastest growing markets as political stability continues, real estate prices soar and foreign investors seek new markets.

Hino is just the latest multinational corporation to invest in Cambodia - a move welcomed by government officials, the Mekong Times said. (dpa)