Cambodia's economic growth projected at 6.6 pct in 2024: PM-Xinhua

Cambodia's economic growth projected at 6.6 pct in 2024: PM

Source: Xinhua

Editor: huaxia

2024-04-03 09:56:16

Tourists visit the Angkor Wat in Siem Reap province, Cambodia on Feb. 10, 2024. (Photo by Sao Khuth/Xinhua)

PHNOM PENH, April 3 (Xinhua) -- Cambodia is expected to see a 6.6-percent economic growth in 2024 from 5.6 percent in 2023, the country's Prime Minister Hun Manet said here on Tuesday.

The Southeast Asian country's growth is mainly driven by garment export, tourism, agriculture, as well as construction and real estate.

"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 percent 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 recognized worldwide for their quality and competitive pricing," he said. "This signifies Cambodia's growing presence in the global marketplace."


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