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| Tourists are flocking to Cambodia in their millions each year, but concern remains over mismanagement of tourism revenue and other national earnings - School of Vice [credit google] |
PHNOM PENH, Oct. 8 (Xinhua) -- The World Bank kept Cambodia's economic growth at 6.6 percent this year -- the same rate of its May's forecast, according to its East Asia and Pacific Economic Data Monitor released Monday.
In its May's report, it said that Cambodia has been one of the fastest growing countries in the world over the past 10 years, experiencing average annual growth of over 8 percent since 2000.
The country's economy is relying on four main pillars -- garment export, tourism, agriculture and construction.
The WB's projection is 0.1 percentage point higher than that of the Asian Development Bank and the International Monetary Fund.The two institutions forecast the country's GDP at 6.5 percent this year.
However, all the forecasts are lowered than the 6.9 percent growth projection by the government, based on the increases in garment export, tourism and construction.
According to the official figures, during the first seven months of this year, the country exported garment products in equivalent to 2.51 billion U.S. dollars, a 8 percent rise compared with the same period last year.
In the first eight months of this year, on the tourism side, the Southeast Asian nation attracted some 2.33 million foreign tourists, a 24 percent rise compared with the same period last year, whilst in the construction, the country attracted investment of 1.53 billion U.S. dollars in construction projects, a 74 percent rise.
3 comments:
so many tourists traveled to Cambodia and I don't see the money go to benefit the people and children?
In
cambodia still lack of the following:
No public bathrooms
street horrible.
traffic jammed
high rate of prostitution
hight rate of get robbed
high rate of get murdered
High rate of children trafficted
street filthy.
medical almost non existed.
still a baggar nation
on and on.
Kingdom of corupts
Only Hun Sen and the CPP could lead the country and maintains peace, stability, and economic development for Cambodia. Hun Sen/CPP 2013!
Hun Sen government is a lot better than the stupid King Sihamony and Ex-King Ta. The King bloodline were and are useless in Cambodia.
I strongly believe that the Hun Sen is still a dumb government but the King is definitely more dumb.
The stupid war have been over for thirty years. How much longer before we can see some progress in Cambodia?
FYI, Cambodia has a reputation of lazy people, dumb government, and the most corrupted. I have thing change for the better, because I was born in Cambodia.
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