A boat travels along the Mekong river as high-rise buildings are seen in the distance in Cambodia's Phnom Penh city (Photo: AFP)
Phnom Penh (VNA) - Cambodia is afast-growing country in a slowing world, the World Bank (WB) said in its latestreport.
According to the bank, although Cambodia’s growth is projected to slide to 7 percent, the countryhas remained a fast-growing economy in East Asia-Pacific.
Furthermore, itsexport growth has continued to stay high despite a slight decrease due tofalling external demand.
In the sphereof garment and footwear, the US has emerged as a more important market forCambodian exports that increased 23.2 percent in 2018 as compared with the 21.4percent in 2017.
Meanwhile, thecountry’s total export value to the European Union (EU) surged 31.4 percent in2018.
Claire Hollweg,a senior economist for Cambodia, pointed out that the country’s constructionactivities are ongoing thanks to upbeat domestic demand and the tidal wave ofinvestment.
The tourismsector has also experienced an expansion. However, tourism in Siem Reap will needa boost as the province is experiencing a drop in the number of holidaymakers.
Unfavourableweather conditions have also affected rice productivity. The livestock sector(cows, buffaloes and pigs) dropped 6.3 percent while the poultry sector(chicken and ducks) saw a rise of 5.3 percent in 2018.
The WB has forecastthat in 2020, Cambodia’s economy will remain strong thanks to high foreignreserves and government savings of more than 20 percent of gross domesticproduct (GDP).
The report,however, also points out a slowdown in such spheres as construction, garmentand tourism this year./.
Cambodia’s economy is projected to expand 7 percent in 2019, lower than the rate of 7.5 percent recorded in the previous year as export moderate in line with a fall in global demand, according to the World Bank (WB)’s report.
Cambodian Prime Minister Hun Sen on February 4 met with host President of the Republic of Korea (RoK) Moon Jae-in in Seoul to discuss plans for strengthening the bilateral relations.
Battambang province, the most well-known agriculture land of Cambodia, is attracting tourists at home and abroad with its ancient temples, French-style houses and farming ecosystem.
The Cambodian Government aims to transform Sihanoukville, the capital of Preah Sihanouk province, into Cambodia’s industrial hub – a “second Shenzhen city”, Secretary of State at the Ministry of Economy and Finance Vongsey Vissoth said.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
A boat travels along the Mekong river as high-rise buildings are seen in the distance in Cambodia's Phnom Penh city (Photo: AFP) 
