 |
| Foreign ministers and government officials attend the US - Association of Southeast Asian Nations (ASEAN) Regional Forum in Nusa Dua on Indonesia's resort island of Bali, July 23, 2011 (Photo: AP) |
Thursday, 28 July 2011
Chun Sakada, VOA Khmer | Phnom Penh
“All kinds of consumer goods are imported. All these things slow down economic growth and the progress of our economy.”
Cambodia’s economy is lagging behind other Asean countries, making it hard to meet the level of other Asean countries, finance officials said Wednesday.
Cambodian and Asean economic officials were meeting in Phnom Penh to push for economic integration for 2015.
Hang Chhuon Narong, secretary of state for the Ministry of Finance, said Cambodia was facing inflation of 6.5 percent, which was curbing economic growth.
Cambodia’s per capita GDP of $830 is less than all other Asean countries except Burma’s $400, he said. By comparison, Singapore’s is $35,000; Thailand’s is $4,000; and Vietnam’s is $1,200.
Yem Ponharith, secretary-general of the Human Rights Party, said during the meeting that Cambodia lacked local markets for production and consumption.
“All kinds of consumer goods are imported,” he said. “All these things slow down economic growth and the progress of our economy.”
Chan Sophal, president of the Cambodian Economic Association, said Asean countries had done well to narrow development gaps, but years of war and strife put Cambodia well behind its neighbors.
“We have to work hard to push our economy toward a higher rate, not just growth of 5 percent, 6 percent or 7 percent, but growth up to 9 percent or 10 percent,” he said. “Then Cambodia can move close to some countries around us.”
The World Bank is projecting a 6.7 percent economic growth rate for Cambodia this year. That figure is lower than the Cambodian Economic Institute’s estimate of an 8.7 percent rate.
3 comments:
What can we do because Khmer is so stupid, especially the Khmerican
It's not the khmers people are stupid,it's the ruler of our country.It took an educated leader to lead a well development country,how can a country be well development if it's rule by a Khmer Rouge Leaders just like the Khmer Rouge Regime but modern Khmer Rouge.Also,our ruler are heartless and not much care for our well-ing of our people and the country.We soon be slave to these foreign investment and with the corrupted gov'n leasing our land and asset.These foreign will be the boss and innocent people will be slave and our country will be the melting pot.OUR RULER REFUSE TO SHARE POWER AND OUR COUNTRY ARE MISERABLE .
the author is so biased and lied about cambodia to the world, you know! why they always let biased people write about cambodia? i don't get it, you know!
Post a Comment