The Asian Development Bank figures that some $26 billion in investment will be needed by 2030 to meet regional infrastructure demands.
Hun Sen claimed Cambodia would be at the forefront of developing technology skills to rival its Asean neighbors.
ASEAN is one of the world’s regions that have the fastest-growing Internet population thanks to its young population, with more than 124,000 new Internet users joining every day.
Authorities say major haul included imitations of South Korean, Thai, Japanese, Chinese and US brands
Garments, tourism, construction and agriculture are key planks in the local economy
Justin Wood, head of the World Economic Forum (WEF) Pacific region, said while Cambodia still faced challenges, there were “also some positive stories emerging.”
Romina De Jong says Cambodian business leaders rarely see the potential benefits and importance of incorporating CSR practices into company policy.
Many companies aim for "Best in Class" status, but some are seeking out another "B": B Corporation certification. VOA Khmer's Chhim Sumedh narrates.
Despite rapid economic growth, wages remain weak, with Cambodian construction workers earning as little as $2.50 a day.
An $8 million fund to support business development in Cambodia would also be dissolved under the plans.
Wages on Cambodian construction sites remain stubbornly low.
Cambodia needs about a million tons of vegetables annually, whereas local supply only makes up about 44 percent of the demand.