Phnom Penh (FN), Jan. 7 – Cambodian prime minister Hun Sen said that after the success of COVID19 crisis, Cambodian economy is expected to grow at around 5.5 percent in 2022 and is projected to grow at 6.6 percent in 2023.

The premier spoke during the 44th anniversary of January 7 Victory Day, held on Saturday morning (Jan 7) at Diamond Island.

"The fight against the deadly COVID19 epidemic in 2020 and 2021 has scored success through proper leadership, effective implementation of sharp strategies and measures, and active participation of the people, who have strengthened the people's health protection foundation to ensure the process of economic restoration and recovery after the COVID19 crisis," the premier underscored.

"The economic sector has recovered rapidly due to the proactive efforts and ownership of the Royal Government through the introduction of timely measures to maintain socio-economic stability. On this basis, the Cambodian economy is expected to grow at around 5.5 percent in 2022 and is projected to grow at 6.6 percent in 2023," the premier continued.

At the same time, people's lives have been stable, especially the poor and vulnerable who have been severely affected by the COVID19 crisis, as well as people who are vulnerable to the pressures of rising global commodity prices and those who are affected by flood through the implementation of social intervention programs and measures in a timely manner.

In 2023, the salaries of civil servants and the armed forces will be raised to another level, as well as the pensions of former civil servants and veterans will be adjusted and increased, particularly the minimum wage for workers in textile, garment and footwear sectors has also been jacked up to USD 200, along with continuing reception of other benefits from the implementation of the Royal Government's social protection policy.

We have now entered 2023, the fifth year of the implementation of the fourth phase of the Political Platform and the Rectangular Strategy of the Royal Government-Phase IV in the sixth legislature of the National Assembly.

Peace, political stability and security, which are the foundations for the development and harmonious living of the people, have been vigorously defended by the entire national force united around the Royal Government.

The slogan "We thank peace," "We thank win-win politics" has resonated throughout the country and has become the spirit of a strong and vibrant society in the process of building and defending the motherland. If we do not keep the peace, we will not be able to achieve everything today.
=FRESH NEWS