MoWA
22 Jan 2022
Other statistics
https://www.mowa.gov.kh/detail/7450
10 February, 2022
Cambodia’s economy: what to watch for in 2022
As of November 28, the country was ranked second in Asia and seventh in the world for the total share of fully and partly vaccinated people in its total population. On December 20, the results of the so-called “February 20 community event” were declared an end after the government had struggled to contain the outbreak nationwide for 10 months.
The world is quite contradictory because the advanced economies have a surplus of vaccines and yet they are struggling with vaccine hesitancy, while developing countries have been battling for access to vaccines.
Cambodia is among the lucky few developing countries that can secure vaccines for its people, who welcome inoculation as the only means and strategy for national reopening up. The World Health Organization attested to Cambodia’s vaccine success in that regard, but also warned of “vaccine optimism.”
As of November, 87.7% of the population of about 16 million had been fully vaccinated, and Covid-19 has been under control with fewer than 3,000 deaths.
(…)
According to the Ministry of Economy and Finance (MEF), $829 million was spent for interventions in 2020, and $1.454 billion in 2021. For the national budget in 2022, under the “3Rs” pillars (“Recovery, Reforms, Resilience”), the government has earmarked $1.014 billion for intervention, making the total expense since 2020 amount to approximately $3.4 billion.
The MEF predicted growth for 2021 at 3.0% and 5.6% for 2022, expecting the economy gradually to reach its potential in the medium term, supported by global demand and a gradual recovery in investment confidence.
For 2022, three trends should be key for observation on development of Cambodia’s economy.
The first thing to watch is how well Cambodia can tap the benefits from the success of the inoculation drive.
(…)
Second, attention should be paid to the quiet but steady progress of public investment and reforms.
(…)
The third key trend is about the ongoing quest for industrial diversification, which goes hand in hand with market diversification.
(…)
It is worth noticing that in recent years the non-garment sector has been on a growth trajectory. The garment sector used to play a leading role in the economy of Cambodia, accounting for 74% of total merchandise exports in 2018. Despite the accelerated growth rate of 6.8%, garment exports no longer account for the majority of goods exports but rather 45.9% of the total, amounting to $5.82 billion during the first nine months of 2021.
Exports of travel goods surpassed those of footwear products and became the second-largest item, accounting for $1.04 billion. Export of footwear products is third, reaching $1.0 billion. The fourth-largest manufacturing export product is bicycles, which amount to $470 million.
The fifth- and sixth-largest exported products are agricultural commodities, and milled rice and rubber, amounting to $285 million and $266 million respectively. The newly emerging manufactured products, which include electrical, electronic, vehicle parts, and cables combined, reached $412 million.
(…)
Read full article in ASIA TIMES: https://asiatimes.com/2022/02/cambodias-economy-what-to-watch-for-in-2022/
08 January, 2022
Sokhary Chau: 1st Cambodian American mayor in US takes office
Independent
A refugee who survived the Khmer Rouge’s brutal regime has become the first Cambodian American mayor in the United States
A refugee who survived the Khmer Rouge’s brutal rule has become the first Cambodian American mayor in the United States.
Sokhary Chau, a city councilor in Lowell Massachusetts, was unanimously picked by his council peers to assume the legislative body’s top post on Monday. He also became the city’s first Asian American mayor.
Read full article: https://www.independent.co.uk/news/lowell-america-boston-khmer-rouge-asian-american-b1986222.html
Subscribe to:
Posts (Atom)