Cambodia announces 17-point strategy to promote economic growth

Hanoi – Cambodian Prime Minister Hun Sen has announced plans to reform the nation’s economy on a large scale with a 17-point strategy, aiming to stimulate growth and save the private sector some 400 million USD per year in costs.

The strategy includes a series of savings initiatives for private businesses, including cutting costs related to transport, port services, and electricity, as well as reforming railway management.

It sets out plans to cut the number of national holidays, introduce financial incentives for tax and customs sectors, as well as promote and implement amendments to the Law on Investment and the Law on Special Economic Zones.

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