PM wants Cambodia to be high-income by 2050


New vision for nation: High-rise buildings are seen past a tourist boat sailing along the Mekong river in Phnom Penh. Cambodia, once riven by decades of war, has now evolved to a lower-middle income nation with economic growth rates of 7%. — AFP

NEW Cambodian Prime Minister Hun Manet laid out his vision to lift the South-East Asian country into the high-income category by 2050, in his first public remarks at an international forum since taking office.

The 45-year-old last month took over power from his father Hun Sen after a lopsided general election that all opposition parties were barred from contesting.

Speaking at the Asean business forum in the Indonesian capital on Monday, the Western-educated leader said Cambodia had recently launched an overarching national economic vision to “safeguard the nature of hard-gained peace and accelerate national development to achieve the milestone of becoming a high-income country by 2050”.

The vision involves developing human capital, the digital economy and inclusivity and sustainability, he said, referring to it as the “pentagon strategy”.

In a country once riven by decades of war, Cambodia has now evolved to a lower-middle income nation with economic growth rates of 7%, he said.

Speaking ahead of the annual Asean summit, the Westpoint graduate and four-star general acknowledged a tightening of geopolitical rivalry among major powers, which he said was putting pressure on “peace, security and prosperity for Asean as a whole”.

Observing that “war cannot be ended by war”, Hun Manet called on Asean and international communities to oppose the threat of force against a sovereign state, and said Asean and the United Nations must “adhere to the spirit of independence, sovereignty, territorial integrity and non-interference”.

Cambodia’s parliament approved Hun Manet as prime minister in August. His father, Hun Sen, ruled Cambodia for almost four decades, a time analysts said was marked by increasing autocracy, the suppression of political opposition and shuttering of a free press. — Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Malaysian monk arrested in Thailand over temple theft; alleged to have stolen valuables from Wat Chet Yot shrine in Chiang Mai
Health Ministry plans to upgrade cardiothoracic centres across Malaysia
Chinese, Malaysians, Russian among those wanted in fraud cases targeting Singapore retailers
HK actor Philip Keung tears up while discussing tough childhood; was once told to quit acting
In Bali, young girls dance in a traditional Hindu festival threatened by changing times
Thai PM Paetongtarn gets big reprieve as court rejects case against Thaksin; main stock index advances
China is expanding visa-free entry to more countries in bid to boost economy
Emerging Markets - Taiwan, South Korea lead gains among Asian equities, FX stays subdued
Hong Kong tycoon Jimmy Lai tells court he advocated 'peaceful resistance'
United Nations climate summit set to go into overtime as talks stall over finance

Others Also Read