PM Hun Sen Optimistic of Cambodia’s Economic Situation

AKP Phnom Penh, February 01, 2018 – Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen has congratulated the country’s healthy economic conditions.

Speaking at the graduation ceremony and inauguration ceremony of a new building of the Institute of Technology of Cambodia in Phnom Penh this morning, the premier said Cambodia’s paddy production reached some 5.5 million tons last year, while the agriculture sector contributed some 25 percent to the economic growth.

Besides, he added, services and industrial sectors accounted for about 45 and 30 percent, respectively.

Cambodia’s economic activities remain robust, and the income from the customs and tax collection, the two major state revenues, is also strong and reliable, he underlined.

At the same time, Samdech Techo Hun Sen shared his optimistim over the bilateral trade with some nations.

According to the Ministry of Economy and Finance, Cambodia’s Gross Domestic Product (GDP) per capita in 2018 is projected to be at US$1,568, up from US$1,435 last year. The country’s foreign reserves would increase from US$9,050 million in 2017 to US$10,518 million this year. The inflation rate is forecasted to be at 3.5 percent in 2018, down from 3.8 percent the previous year.

By Khan Sophirom