CAMBODIA TRADE & COMMERCE OF TORONTO

Welcome Dinner – Nov 8, 2022

Hosted by H.E. Mr. Rin Virak, Permanent Secretary of State, Ministry of Planning

On the evening of November 8, 2022, our delegation was warmly greeted to a Welcome Dinner hosted by H.R. Rin Virak, Permanent Secretary of State, Ministry of Planning. Joining H.E. Rin Virak were H.E Phan Oun, Ministry of commerce, H.E Va Sophal, Ministry of planning, H.E Lim Phanna, Ministry of planning, and Oknha Ung Ly Heng (Real Estate Developer). The evening allowed our delegation a chance to network with various government officials while learning more about various opportunities in Cambodia.

1st Cambodia Trade Mission November 8 – November 15, 2022

ASEAN Business & Investment Summit 2022 – Nov 9 to Nov 10, 2022

Our delegation was cordially invited to attend the ASEAN Business & Investment Summit 2022, organized by the Cambodia Chamber of Commerce and ASEAN Business Advisory Council. This event is a two-day summit comprised of networking opportunities among business leaders; a Welcome Gala Dinner; the ASEAN Business Awards followed by panel discussions on this year’s theme, ‘Addressing Challenges Together’, the impact Covid and war in Ukraine have had on people and economies. The summit was a huge success as it welcomed over 1000 participants and business leaders and company executives from ASEAN and its Dialogue partners.

November 9, 2022 – H.E. Mr. PAN Sorasak, Minister of Commerce (left) & Mr. Lenny Wong, President of the Cambodia Trade and Commerce of Toronto (right) at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – H.E. Mr. PAN Sorasak, Minister of Commerce & Mr. Lenny Wong, Presidentof the Cambodia Trade and Commerce of Toronto at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – H.E. Mr. PAN Sorasak, Minister of Commerce & Mr. Tony Chhung Eang Gov, New Century Group at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – Group photo with H.E. Mr. PAN Sorasak, Minister of Commerce and Oknha Lim Heng, Vice-President of the Cambodia Chamber of Commerce at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – H.E. Mr. PAN Sorasak, Minister of Commerce, Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce, Mr. Lenny Wong, President of the Cambodia Trade and Commerce of Toronto at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – Group photo with H.E. Mr. PAN Sorasak, Minister of Commerce ) at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 –Neak Oknha Mr. Kith Meng, President of the Cambodia Chamber of Commerce (left) and Mr. Lenny Wong, President of the Cambodia Trade and Commerce of Toronto (right) at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – Group photo with Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce at Sofitel for the Welcome Gala Dinner and Business Awards

November 9, 2022 – Group photo with Neak Oknha Mr. Kith Meng, President of the Cambodia Chamber of Commerce and Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce at Sofitel for the Welcome Gala Dinner and Business Awards

November 9, 2022 – Group photo with Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 9, 2022 – Oknha Mr. Ly Kunthai, Vice President of the Cambodia Chamber of Commerce (left) and Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right) at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 10, 2022 – From left to right

Mr. Bin (Jeff) Chang, AC Forca Interational Inc. / HappyKingtom Entertainment

Mr. Daniel Nguyen Huu Phuc, Aquatic Kingdome Inc.

Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce

Mr. Frankling Chhay Lam, Choy Foong Int’l Trading

Mr. Jackey Jan, CN Global Distributor inc.

Mr. Lenny Wong, Presidentof the Cambodia Trade & Commerce of Toronto

Mr. Tony Chhung Gov, New Century Group

at Sofitel for the Welcome Gala Dinner and ASEAN Business Awards

November 10, 2022 – Group photo

November 10, 2022 – The day began with a Welcome Remark by Neak Oknha Mr. Kith Meng, Chairman, ASEAN Business Advisory Council, Keynote Address by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister, Kingdom of Cambodia, and ASEAN Chair 2022 followed by panel discussions with senior figures from global institutions and businesses.

Panel topic discussions and leader keynote addresses included the following:

1. Address Challenges Together: How has the war in Ukraine impacted Southeast Asia? What are the threats to economic recovery in 2023? What are the lessons from the pandemic to heed to ensure a focus on healthy people and a healthy economy is prioritised?

Keynote Address by H.E Charles Michel, President of the European Council followed by: Special Remarks by H.E Mathias Cormann, Secretary-General, The Organisation for Economic Co-operation and Development (OECD)

Panel Discussion with senior figures from global institutions and business including: · H.E. Pan Sorasak, Minister of Commerce, Royal Government of Cambodia

· Ambassador Ted Osius, President & CEO, US-ASEAN Business Council

· James Crabtree, Executive Director, International Institute for Strategic Studies Asia

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2. ASEAN Investment Report 2022 by Richard Bolwijn, Director Investment Research, United Nations Conference on Trade and Development (UNCTAD)

3. PANEL DISCUSSIONON RCEP AND INVESTING IN ASEAN The Regional Comprehensive Economic Partnership (RCEP) is the largest free trade area in the world.

How will it create new trade and investment opportunities in ASEAN? What impact will it have on supply chains?What are the growth areas to watch out for?

Keynote Address by a Leader followed by a Panel Discussion with senior figures from global institutions and business including:

· H.E. Sok Chenda Sophea, Secretary-General, Council for the Development of Cambodia, and Chairman of the ASEANInvestment Area (AIA) Council 2022

· Warrick Cleine, Chairman and CEO, KPMG Cambodia, and Vietnam

· Dr. Deborah Elms, Founder and Executive Director, Asian Trade Centre

· Mr. Sasaki Nobuhiko, Chairman & CEO, The Japan External Trade Organization (JETRO)

4. PANEL DISCUSSIONON A DIGITAL – READY ASEAN ASEAN is the world’s fastest growing internet region with its digital economy on track to reach $1 trillion by 2030.

What will the smart city of the future look like? How can we advance inclusive digital transformation and digital trade in ASEAN? How do we achieve digital readiness for ASEAN’s growing population and become a leading digital community?

Keynote Address by Leaders followed by a Panel Discussion with senior figures from global institutions and business including:

· H.E. Dr. Chea Serey, Assistant Governor and Director General of Central Banking of the National Bank of Cambodia

· Professor Hidetoshi Nishimura, President, Economic Research Institute for ASEANand East Asia (ERIA)

· Manu Rajan, CEO, Wing Division

5. PANEL DISCUSSIONON A GREENER AND MORE SUSTAINABLE ASEAN

Southeast Asia is among the world’s most at-risk regions when it comes to the impact of global warming. Can ASEAN’s economic growth needs and climate change commitments both be achieved?

What is the role of green finance? What does the future of ASEAN’s energy mix look like?

Keynote Address by a Leader followed by a Panel Discussion with senior figures from global institutions and business including:

· Tom Moody, Regional Director Southeast Asia, Climate and Energy for the Foreign, Commonwealth & Development Office

· Tanah Sullivan, Group Head of Sustainability, GoTo

· Nikki Kemp, Director, Asia Pacific, Nature and Climate Finance, World Economic Forum

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· Moderated by Stuart Tait, Acting Chair, UK-ASEAN Business Council

CONCLUDING SESSION

Keynote Address by H.E. Joko Widodo, President of the Republic of Indonesia and ASEAN Chair 2023 Concluding Remarks by Neak Oknha Kith Meng, Chair of ASEAN BAC Handing over Ceremony by Oknha Sok Piseth, Chair ABIS 2022 to the Chair of ABIS 2023

November 10, 2022 – at Sofitel for the ASEAN Business and Investment Summit 2022

November 10, 2022 – ASEAN Business and Investment Summit 2022 panel discussions and keynote addresses

Meeting with the Trade Commissioner – Nov 10, 2022

November 10, 2022 –Mr. Bunleng Men, Trade Commissioner from the Office of the Embassy of Canada & Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto

Fruitful discussion took place among Mr. Bunleng Men, the Trade Commissioner from the Office of the Embassy of Canada, Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto, and our delegation on various support levels the Canadian government can provide. To enhance profiles of Canada & Cambodia business environment, the Trade Commissioner has emphasized support for the Cambodia Trade & Commerce of Toronto including market assessment and incentive programs for businesses wanting to establish a footprint in Cambodia.

November 10, 2022 – Meeting with Mr. Bunleng Men, Trade Commissioner from the Office of the Embassy of Canada

November 10, 2022 – Mr. Bunleng Men, Trade Commissioner from the Office of the Embassy of Canada (right) and Mr. Lenny Wong, Presidentof the Cambodia Trade & Commerce of Toronto (left)

November 10, 2022 – Mr. Bunleng Men, Trade Commissioner from the Office of the Embassy of Canada (centre), Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (left), and Mr. Tony Chhung Eang Gov, New Century Group (right)

November 10, 2022 – Group photo with Mr. Bunleng Men, the Trade Commissioner from the Office of the Embassy of Canada

Meeting with Cambodia Chamber of Commerce – Nov 12, 2022

Meeting began at 10:00 am and was chaired by Neak Okhna Mr. Kith Meng, President of the Cambodia Chamber of Commerce. Neak Okhna Kith Meng opened the meeting with a welcome remark followed by H.E. Mr. Rin Virak, Permanent Secretary of State, Ministry of Planning, Chair of the organizing working group of Cambodia People’s Party (CPP) Youth in Canada and Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto.

The meeting was extremely productive resulting in forming a point of contact between both sides. It also resulted in centralized communication with updates on economic policy and regulations, initiate collaboration and working groups to help identify business opportunities between the two countries and help resolve business related matters for Canadian investors.

The Cambodia Trade & Commerce of Toronto will act as a bridge between Cambodian and Canadian businesses while helping to strengthen bilateral relationship between Cambodia and Canada.

November 12, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (centre), Mr. Tony Chhung Eang gov, New Century Group (left), and H.E. Mr. Rin Virak, Chair of the organization working group of Cambodia People’s Party (CPP) Youth in Canada

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November 12, 2022 – Neak Oknha Mr. Kith Meng, President of the Cambodia Chamber of Commerce (centre), Oknha Mr. Lim Heng, Vice-President of the Cambodia Chamber of Commerce (left), and Oknha Ly Kunthai, Vice Presidentof the Cambodia Chamber of Commerce

November 12, 2022 – Delegation meeting with the Cambodia Chamber of Commerce lead by Mr. Lenny Wong, the Presidentof the Cambodia Trade & Commerce of Toronto

November 12, 2022 –Cambodia Chamber of Commerce team

November 12, 2022 – Group photo of the Cambodia Chamber of Commerce and the Cambodia Trade & Commerce of Toronto’s delegation

November 12, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto gifted a crystal plaque (which animal?) to Neak Okhna Mr. Kith Meng, President of the Cambodia Chamber of Commerce

November 12, 2022 – Neak Okhna Mr. Kith Meng, President of the Cambodia Chamber of Commerce presented a silver commemorative plate to Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto

Delegation Lunch Reception: Exploring Cambodia’s Business Environment – Nov 12, 2022

The Cambodia Trade & Commerce of Toronto delegation lunch reception was held at was very well attended with over 20 VIP guests from various Cambodian government bodies and businesses. In-depth discussion took place between our guests of honour and our delegation with insights on business and investment climate in Cambodia and opportunities between Cambodia and Canada.

November 12, 2022 –Neak Oknha Mr. Kith Meng, President of the Cambodia Chamber of Commerce (left) and Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto at Hotel Cambodiana

November 12, 2022 –Delegation Lunch Reception at Hotel Cambodiana

Kampong Chhnang Tour: Hosted by the Provincial Governor Sun Sovannarith – Nov 13, 2022

Mr. Lenny Wong, Presidentof the Cambodia Trade & Commerce of Toronto and his delegation were cordially invited by the Provincial Governor of Kampong Chhnang to conduct a field study to explore Agricultural and Fishery opportunities in Kampong Chhnang. The Provincial Governor Sun Sovannarith generously took time out of his busy schedule to accompany the delegation on a discovery tour along the river and the floating villages. The boat tour stopped at one of the floating villages where a group of fishermen showcased their fishing expertise and knowledge.

November 13, 2022 – (From far right) Provincial Governor Sun Sovannarith, H.E. Mr. Rin Virak, Permanent Secretary of State, Ministry of Planning, Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto in Kamponchhnang

November 13, 2022 – Provincial Governor Sun Sovannarith, H.E. Mr. Rin Virak, Permanent Secretary of State, Ministry of Planning, H.E. Dem Dorn, Head of Planning Department of Kampong Chhnang, Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto in Kamponchhnang

November 13, 2022 – Provincial Governor Sun Sovannarith, H.E. Mr. Rin Virak , Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto in Kamponchhnang

November 13, 2022 – Provincial Governor Sun Sovannarith (left), and Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right) in Kampongchhnang

November 13, 2022 – Provincial Governor Sun Sovannarith (centre), Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right), and Mr. in Kampongchhnang

November 13, 2022 – Provincial Governor Sun Sovannarith, H.E. Mr. Rin Virak, Ministry of Planning, Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto at a floating village in Kamponchhnang

November 13, 2022 – A fisherman and his team demonstrating their fishing skills where they netted a large quantity of fish in only a few minutes in Kampongchhnang

Courtesy Meeting with Lieutenant General Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army – Nov 14, 2022

Mr. Lenny Wong, Presidentof the representative of the Liaison Office of Cambodia Chamber of Commerce in Toronto and his delegation had a courtesy meeting with Lieutenant General Hun Manet, Deputy Commander-in Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army at Hotel Hyatt.

The meeting was tremendously insightful and engaging. During the meeting, Mr. Lenny Wong presented the association’s recent success since incorporation, with networking events that lead to a group of delegates to Cambodia for business exploration. The Lieutenant General Hun Manet congratulated Mr. Lenny Wong on his success and reiterated five key areas he is committed to providing those businesses interested investing in Cambodia.

1. Infrastructure – a need to bring the ‘seaport to Phnom Penh’ 2. Electricity – reduce electricity useage

3. International Export Standards – explore international export certifications 4. Acknowledge shortcomings by providing tax incentives for businesses

5. Ministry of Labour – a push for labour laws that protect both jobs and employers

Mr. Lenny Wong appreciated the support being presented and emphasized his commitment and continuation to promote Canadian business membership and establish business network between the two countries.

November 14, 2022 – Courtesy Meeting with Lieutenant General Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army

November 14, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto gifted the Lieutenant General Hun Manet, Deputy Commander-in Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army a crystal plaque of polar bears, symbolizing Strength and Courage.

November 14, 2022 – Lieutenant General Hun Manet, Deputy Commander-in Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army (left) and Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right)

November 14, 2022 – Lieutenant General Hun Manet, Deputy Commander-in Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army (left) and Mr. Tony Chhung Gov, New Century Group (right)

November 14, 2022 – Group photo with the Lieutenant General Hun Manet, Deputy Commander-in Chief of the Royal Cambodian Armed Forces and Commander of the Cambodian Army

Canadia Bank Tour and Meeting – Nov 14, 2022

Canadia Bank was established in 1991 as Canadia Gold & Trust Ltd, a join-venture company between Cambodian Canadians and the National Bank of Cambodia. Ithas since grown its operations to becoming the largest local bank in Cambodia.

The delegates were provided an opportunity to tour the Canadia Bank PLC’s head office and network with the founder, Dr. Pung Kheav Se, Mr. Thierry Tea, OCIC Vice President Business Development, Mr. Ang Enghuy, Chief Financial Officer, Overseas Cambodian Investment Corporation, Mr. Charles Vann, Executive Vice President, Ms. Cheak Sokheak, Chief Executive Officer of The Olympia Mall along with many other executives.

November 14, 2022 – Dr. Pung Kheav Se showcasing one of their projects currently under construction at the Canadia Bank

November 14, 2022 – Networking at the Canadia Bank

November 14, 2022 –

Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto gifted Dr. Pung Kheav Se a crystal plaque as a token of appreciation for sharing his knowledge and business experience with the group.

November 14, 2022 – Dr. Pung Kheav Se (left) and Mr. Lenny Wong, the Cambodia Trade & Commerce of Toronto (right)

November 14, 2022 – Group photo with Dr. Pung Kheav Se

Dinner Reception Hosted by the President of Canadia Bank – Nov 14, 2022

Our delegation was treated to a lavish dinner reception at Olympia Hotel followed by a tour with glass floor viewing

November 14, 2022 – Olympia City Hotel: a tour on the second level featuring glass bottom floor

Ministry of Agriculture, Forestry and Fisheries Meet & Greet – Nov 15, 2022

Mr. Lenny Wong, Presidentof Cambodia Trade & Commerce of Toronto and his delegation met with the Minister of Agriculture, Forestry, and Fisheries, H.E Mr. Dith Tyna and his team to better understand the current environment, product feasibility, policies, regulations, and certification process within the Agriculture and Fisheries sectors.

November 15, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right) and Mr. Tony Chhung Gov, New Century Group (right)

November 15, 2022 – Group photo at Ministry of Agriculture, Forestry, and Fisheries

November 15, 2022 – Meeting with the Minister of Agriculture, Forestry, and Fisheries, H.E Mr. Dith Tyna and his team

November 15, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (left) and Minister of Agriculture, Forestry, and Fisheries, H.E Mr. Dith Tyna (right)

November 15, 2022 – Group photo with the Minister of Agriculture, Forestry, and Fisheries, H.E Mr. Dith Tyna and his team

November 15, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto speaking with Dr. Hav Viseth, Deputy Director General of the Fisheries Administration, H.E. Srey Vuthy, Secretary General, Ministry of Agriculture Forestry and Fisheries, and H.E. Pom Sotha, Delegate of Royal Government of Cambodia, Director General of the Fisheries Administration

Young Entrepreneurs Association of Cambodia Meeting – Nov 15, 2022

YEAC consists of many young Cambodian entrepreneurs who are SMEs, a great opportunity to collaborate and share information about Cambodian market trends, and potential sectors.

Mr. Lenny Wong, Presidentof the Cambodia Trade & Commerce of Toronto (CTCT) discussed investment opportunities and how the association can assist the Young Entrepreneurs Association of Cambodia (YEA) with some projects that maybe of interest to each member.

Mr. Seang Sopagna, President of YEAC and Mr. Lenny Wong, discussed building partnerships, and joint venture opportunities. Mr. Lenny Wong indicated an interest in helping YEAC with solid businesses who want to expand but need some capital or seeking joint venture opportunities.

The two Presidents confirmed and established a point of contact for ongoing communication, project related, and future networking opportunities and project discussions.

November 15, 2022 – Mr. Lenny Wong, President of the Cambodia Trade & Commerce of Toronto (right) and Mr. Tony Chhung Gov, New Century Group (left) at Young Entrepreneurs Association of Cambodia