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WB: Cambodia’s economy on solid recovery path

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5% this year, according to a World Bank (WB) report.
WB: Cambodia’s economy on solid recovery path ảnh 1At SEA Games 32 in Cambodia (Photo: AFP)
Phnom Penh (VNA) – Cambodia’seconomy is on a recovery path, with growth predicted to accelerate to 5.5% thisyear, according to a World Bank (WB) report.

In 2022, growth reached 5.2%, returning to pre-pandemic levels,mainly due to a rebound in services, especially trade.
Medium-term growth is expected to hit 6%.

Cambodia’s economy is firmly on a path torecovery, led by manufacturing exports and growth in other sectors. “To safeguard its economic recovery, Cambodianeeds to diversify its tourism products and destinations and improve its tradecompetitiveness by boosting connectivity, reducing trade barriers, andstreamlining customs procedures,” said WB Country Manager for Cambodia MaryamSalim. Cambodia can aid this growth through investingin connectivity infrastructure and personnel development, safeguarding financialstability, and promoting diversification of exports to enhance the economy’sresilience and competitiveness./.
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Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

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Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

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(Photo: Malay Mail/Firdaus Latif)

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