PM Hun Sen Highlights Cambodia’s Potentials to Vietnamese Investors


image003Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, said the Cambodian economy had seen a sustainable progress in the past decade with an average growth of 8 percent, and thanks to that, Cambodia will move from a low income country to a lower middle income country in the near future.

The GDP per capita rose from US$760 in 2008 to nearly US$1,000 in 2012, and over US$1,000 in 2013, indicated Samdech Techo Hun Sen at the 4th Cambodia-Vietnam Conference on Investment Cooperation held here this morning at the Peace Palace.

Moreover, foreign direct investment also increased from US$2.9 billion in 2012 to US$4.9 billion in 2013, while the investment from Vietnam was valued at US$302.66 million last year, up from US$85.75 million in 2012, he said.

Investments in new areas such as medical equipment, motor, electrical tool manufacturing and so on have been found in addition to that of garment and footwear, he underlined.

The Cambodian premier also laid stress on the progress of the tourism sector. “According to the statistics from the Ministry of Tourism, Cambodia received more than 4.2 million foreign visitors last year, up 17 percent if compared to 2012, and of them, some 850,000 were Vietnamese tourists,” he said.

Regarding the physical connectivity, which is part of the country’s readiness toward the ASEAN Community by 2015, the Royal Government of Cambodia (RGC) has been paying attention to infrastructure rehabilitation and construction, including road construction and maintenance, port capacity expansion, railway construction and development, airport service expansion, bridge construction linking key areas, etc., added Samdech Techo Hun Sen.   

As of 2012, some 4,350 of the total 5,616 kilometers of national roads, and about 1,100 of the total 6,640 kilometers of provincial roads have been rehabilitated and improved, pointed out the Cambodian prime minister.

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