Cambodia's economy projected at 6.6% in 2024: PM


PHNOM PENH: Cambodia is expected to see a 6.6-per cent rise in its economy in 2024 from 5.6 per cent in 2023, the country's Prime Minister Hun Manet (pic) said here on Tuesday (April 2).

The South-East Asian country's growth is mainly driven by garment export, tourism, agriculture, as well as construction, and real estate, reported Xinhua.

"Over decades, Cambodia has undergone a remarkable transformation, evolving into a modern and globally integrated economy," he said in a speech during the opening ceremony of a one-day Cambodia-Asean Business Summit here.

"Our growth is projected to return to the pre-pandemic level of 7 per cent by 2028, signaling a promising economic future," he added.

Hun Manet said Cambodia's strategic membership in key regional and global trade agreements positions it as a highly integrated player within the dynamic global market.

"Made-in-Cambodia products, encompassing garments and bicycles, are now recognised worldwide for their quality and competitive pricing," he said.

"This signifies Cambodia's growing presence in the global marketplace." - Bernama/Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Cambodia , economy , hun manet

   

Next In Aseanplus News

Jokowi and Gibran exit PDIP party
Murder suspect was self-proclaimed financial ‘expert’
Asean news headlines as at 9pm on Tuesday (April 23)
Jokowi says transition to new government to begin soon
Chinese warships in Cambodia fuel fresh concerns as Wang visits
Thai actor Bright and singer Nene confirm they are dating
Rafizi: Economy continues to strengthen along with Bursa Malaysia
Murder in Spain: Limited edition sneakers worn by suspect match footprints at crime scene
Copter tragedy: 'Dad didn't speak much but he always took care of us'
Indonesia forms task force to tackle child pornography as millions of cases recorded

Others Also Read