Cambodia’s visions to be realized with upgraded, diversified economy under new technologies: report

Cambodia’s 2030 and 2050 visions can only be realized if the potential of new technologies has been exploited to upgrade and diversify its economy, said the United Nations Development Program (UNDP)’s new report released on Tuesday.

In its report titled “Adaptation and Adoption of Industry 4.0 in Cambodia”, the UNDP said Cambodia’s economy has grown at rates above 7 percent per annum since 2011 and the kingdom has set out its vision to become an upper-middle-income country by 2030 and a high-income country by 2050.

“This vision can only be achieved if new technologies are leveraged to increase industrial value added, diversify exports and strengthen small and medium-sized enterprises,” the report said.

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