Reuters
PHNOM PENH, Dec 28 - Cambodia's economy grew 5 percent this year thanks in large part to a recovery in garment exports, a deputy prime minister said on Tuesday, and an industry official forecast further growth in garment shipments in 2011.
"Our economy grew more than 5 percent in 2010 due to more exports of garments and the increase in tourists, following GDP growth of 0.1 percent in 2009," Deputy Prime Minister Yim Chhay Ly said at a ceremony at the Rural Development Ministry.
The contruction sector was still in the doldrums, however. It contracted 42 percent in 2009 and Yim Chhay Ly said it had still not recovered, citing delays to big projects in the capital, Phnom Penh.
Ken Loo, secretary general of the Garment Manufacturers Association in Cambodia , told Reuters that garment exports had risen about 20 percent this year, helped by the economic recovery in Europe and the United States.
"The outlook for next year, I think, remains positive overall," he said, adding that Cambodia would benefit from the European Union's Everything But Arms initiative, which lets some poor countries ship certain products tariff-free to the EU.
According to data from the GMAC, the country exported garments, textiles and shoes to the value of $2.3 billion in 2009, down from $2.9 billion in 2008. More than half of its exports go to the United States.
Kong Sopheareak, director of statistics at the Tourism Ministry, said 2.5 million tourists visited Cambodia this year, an increase of 16 percent from 2009.
"They have spent about $1.7 billion on food, accommodation, local transport and souvenirs," Kong Sopheareak said.
Yim Chhay Ly said economic growth had helped reduce the poverty rate to 26 percent of the population this year from 27.4 percent in 2009.
11 comments:
god bless cambodia. we need it the most!
Stop borring Khmers oversea tourists and it would be better..
i want to see phnom penh have more skyscrapers, etc like in hong kong, our sister city, ok! go to hong kong and see for yourself, ok! i want phnom penh to look like that, ok! god bless cambodia.
1:30 AM, you want this dump ?
Phnom Penh ~ Hong Kong
Cambodia ~ Malasia
good news lol
Keep saying we keep building more departments and houses for our up coming vietnamese. We will reach 10 millions at 2015. Stupid or not stupid what occuring at Cambodia is fact.
Plus China won't help you anymore stop dreaming. You are wasting your time, talking like that only a loser like you khmer do.
Talking about prostitutes, cambodian girls and boys are even sex slave!
If you want to address us cambodians must using the words " Sir Vietnamese" ok
Sam Rainsy is chicken shit! he left his supporter in jail at cambodia but he sleep and eat western foods and sleep in five star hotel. He is unlike our vietnamese comrades rather die in the name protect the people of vietnam and country. Sam Rainsy just another clown to false hope for cambodians.
If you look at Sam Rainsy real close. He just look like us.
Why Om Yin Teang doesn't check APSARA ?
Sok An steals millions of dollars every year from Angkorwat through Apsara and Sok Kong.
Bạn đang mơ ước một lần nữa người dân Campuchia. Không có quốc gia trên trái đất sẽ giúp bạn loại bỏ tiếng Việt của chúng tôi ở tất cả. Hãy abit thực tế, sẽ bạn!
Bạn Campuchia nên bắt đầu học tiếng Việt từ ngày hôm nay nếu bạn muốn sống và làm việc tại Campuchia trong mười năm tiếp theo. Chúng tôi sẽ sớm đạt 10 triệu tại Campuchia
No you are not wast your time, SRP MP stand up against youn, that fine I undestand, and you may very knowledgible on politicale issue, yes I agreed, you may gentle and highly interlected people, I very please to hear from you that you love Khmer who stand against enemy. Since We all Khmer and allways, always want to see brighter future of Cambodia, PAD Thai theive they claim Hun sen tooke theire land, SRP you now Sam rainsy was cooporate with Thai,is it Right?, claim Hun sen give land to youn. is it provocative by SRP to help enermy Thai or Sam rainsy are Stupid, was Hun sen dare to give land to youn? and 14 millions Khmer stupid, or only SRP are smarter?. He who sold braind to foreign not Hun sen, but Sam rainsy. I frustreat too when I saw veit police in our territory, but why don't we base our judgement on both the JBC Var kimhong, and the SRP MP, I strongly beleived No one dare to give land to youn they will have no place to live if do so.
Regards
Ah sva teang 3 ning pak puok vea nho nhim pruos chit dol thngay 7 makara dael ning trov kob kbal puok vea hoey.
The 3 monkeys and their gang are smiling because it is close to the 7 Makara which will burry their head.
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