“Cambodia The Next Five Year – Reform and Competitiveness in an Integrated Region” is the main theme of the 2014 Cambodia Outlook Conference held here this morning under the chairmanship of Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen.
At this auspicious event, Samdech Techo Hun Sen said Cambodia’s economic fundamentals will continue to look strong and positive for the ASEAN Community integration by 2015.
“The recent assessment on the ASEAN’s achievement for the ASEAN Economic Community by 2015, Cambodia is ranked third after Singapore and Malaysia,” he said.
Cambodia’s economy would continue maintaining strong growth with an average GDP growth of 8 percent per year over the past 20 years, and was projected to grow more than 7 percent this year when energy and other physical infrastructure, competitiveness, trade facilitation and investment environment are improving, underlined Samdech Techo Hun Sen.
Inflation is projected to remain low at 3-4 percent in 2014 in spite of the adverse impact on Cambodia caused by high regional inflation and spike in oil and food prices, and the GDP per capita was US$1,036 in 2013, up from US$973 in 2012, he added.
To maintain growth and ensure successful integration, Cambodia is committed to in-depth reform focusing on human resource development, continued investment in transport infrastructure, continued improvement to trade facilitation, and strengthening governance and the capacity of public institutions, affirmed the Cambodian premier.