Cambodian Prime Minister Hun Sen presented the new government policies and priority sectors at the 15th China-ASEAN Expo 2018 held in Nanning, Guangxi from 12-15 September 2018 under the theme “Jointly Building the 21st Century Maritime Silk Road and the China-ASEAN Community of Innovation.”
Prime Minister Hun Sen said that the strategic goal of the new mandate of the Royal Government of Cambodia will prioritize governance reform and anti-corruption; build human capital; create a favorable environment for business and investment as well as strengthen partnerships with all development partners. In particular, Cambodia will strengthen capability for regional and global economies integration to ensure the harmony of Cambodian society, freedom, democracy, rule of law and social justice.
The premier added that his new Royal Government will continue to implement sharp and practical measures to strengthen Cambodia’s competitiveness: reducing electricity and logistic costs; boosting physical and digital connectivity; promoting energy and transport; simplifying and automating customs procedures; and reducing both formal and informal expenses to conduct business.
The government will continue to reform and modernize tax system based on justice, equity, good governance and compliances; promote technical and vocational education training; develop science and technology, hard and soft digital, human resources and capacity building, legal frameworks, and relevant supporting regulations.
According to Prime Minister, over the last 10 years, Cambodia has achieved economic growth of 7% per year with great poverty and inequality reduction. These achievements allowed Cambodia to become a lower middle income country in 2015 and will become higher middle income country by 2030 and high income country by 2050.
Prime Minister Hun Sen also recalled the success of the July’s parliamentarian elections that reflected good progress of democracy. He underlined that the victory of Cambodian People’s Party has contributed to promote peace, political stability, public order, social security and macroeconomic stability, which helped to broaden the opportunities for investment in Cambodia.