• 검색 결과가 없습니다.

Cambodia’s Macroeconomic Performance

N/A
N/A
Protected

Academic year: 2022

Share "Cambodia’s Macroeconomic Performance"

Copied!
37
0
0

로드 중.... (전체 텍스트 보기)

전체 글

(1)

Cambodia’s Macroeconomic Performance 2016 and Outlook 2017

December 5 th , 2016

(2)

2

Contents

1. Real Sector 2. Fiscal Sector

3. External Sector

4. Financial Sector

5. Challenges and

Opportunities

6. Ways

Forward

(3)

Key Development Highlights

- Economic Status: Low Income

- Economic structure: agriculture-based - Nominal GDP: $5.3 Billion

- GDP per capita: $417 - Poverty rate: 53.2%

- Gini Coefficient: 0.38%

- Unemployment rate: 1%

- Total trade volume: $5,857 million - Export: $2,588 million

- Domestic Revenue: 2,220 Billion Riels - Asian financial crisis led to weaker economic growth in 1998.

- Economic Status: Lower Middle Income

- Economic structure: Less agriculture dependent

- Nominal GDP: $19.8 Billion - GDP per capita: $1,300 - Poverty rate: 13.5% (2014) - Gini Coefficient: 0.29 (2014) - Unemployment rate: 0.1% (2014) - Total trade volume: $22,035 million

-

Export: $9,231 million

- Domestic Revenue: 14,359 billion Riels - Financial sector: Rapid-growing yet

stable

- Internal and external balance

- IDP: skill-driven industry by 2025

- Vision 2030: Upper middle income economy

- Vision 2050: High income

2 Decades ago

2016

Going forward

2004

1993

- Economic Status: Low Income

- Economic structure: agriculture-based - Nominal GDP: $2.5 Billion

- GDP per capita: $229

- Total trade volume: $769 million - Export: $283 million

- Domestic Revenue: 290 Billion Riels

3

(4)

1. Real Sector

4

(5)

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 and 2017

GDP growth and Sectorial Contribution to growth

- Yearly average growth (1996 - 2015): 7.7%

- Nominal GDP:

+ 1996: 3,486 Million USD + 2015: 18,078 Million USD - GDP per capita:

+ 1996: 295 USD + 2015: 1,215 USD

5 5.5%

2.9%

3.0%

3.9%

1.2%

2.8%

3.7%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

2011 2012 2013 2014 2015 2016e 2017p

Inflation Rate

Continued robust economic growth with low inflation rate, favorable for investment…..

13.3%

0.1%

7.4% 7.1% 7.0% 7.0% 7.0%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Agriculture Industry Services GDP Growth

(6)

Cambodia is gradually transforming into an industrialized economy…

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016-2017

Increasing labor share in industry….

Source: Ministry of Planning, 2015

6

57.4%

45.3%

13.3%

24.3%

29.1% 30.4%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

2004 2007 2008 2009 2010 2011 2012 2013 2014

Agriculture (Primary) Industry (Secondary) Services (Tertiary)

Share of Employed Population by Sectors

Share of industry to GDP continues expanding while that of agriculture has been shrinking...

45.3%

26.6% 25.7% 24.6%

12.6%

27.7% 29.1% 30.3%

39.4% 39.8% 39.2% 39.0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1993 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016e 2017p Agriculture Industry Service

Share of GDP

(7)

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 - 2019

Nominal GDP increased 8 folds from 1993 to 2016…

7

2,480

3,649 3,984 4,280 4,663

5,339

6,293

7,275

8,631

10,337 10,400

11,634

12,965

14,054

15,229

16,796

18,078

19,843

21,983

- 5,000 10,000 15,000 20,000 25,000

1993 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016e 2017p

Million USD

(8)

Lower middle-income economy with inclusive growth…..

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 – 2017

0.38

0.41

0.38

0.34

0.34

0.31

0.29 0.27 0.295 53.2%

47.8%

29.9%

22.9% 21.1%

19.8%

18.9%

16.0% 13.50%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

0 0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 0.45

2004 2007 2008 2009 2010 2011 2012 2013 2014 Gini Coefficient (Left Axis) Poverty Rate (Right Axis)

Cambodia has been world leader in poverty reduction…

Source: Ministry of Planning (for poverty rate and Gini coefficient from 2007 to 2014) World Bank (for poverty rate in 2004)

8

229 288

319 340 367

417 487

558 656

760 753 830

911 973

1,042 1,138

1,215 1,300

1,422

- 200 400 600 800 1,000 1,200 1,400 1,600

1993 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016e 2017p

USD

GDP Per Capita increased 5.6 times from 1993 to 2016…

(9)

Robust garment export, strong-yet-slower construction growth and slight recovery of agriculture lead to strong growth prospect…

9

Estimated growth of 2016 and 2017:

7%

Robust garment export growth

Continued high growth of import of construction materials, especially steel

According to actual data in the first half of 2016

Growth of domestic production, especially in food, beverages and cement

Slight recovery of agriculture that can offset the slowdown of tourism sector

Continued growth of transportation & domestic business activities

(10)

10 Source: National Institute of Statistics, Ministry of Planning, 2016

Note: MEF team’s projection for 2016 - 2017

1 9 .9 6 .5 1 0 .7 6 .6 9 .8 1 0 .3 9 .7

7 .9 1 8 .2 1 3 .7 2 1 .4 1 9 .2 1 5 .9 1 3 .4

6 .2 1 0 .2 8 .4 9 .6 9 .3 9 .4 9 .4

14.5

9.3 10.7 10.1 11.7 11.4

10.5

0.0 5.0 10.0 15.0 20.0 25.0

2011 2012 2013 2014 2015 2016e 2017p

Percent

Growth of Industry Sector

Garment Construction Other industry Industry Sector

Industry sector remains driven by garment sector, however, increased domestic production has been observed

in other sectors, i.e. food and beverages, light manufacturing industry…

(11)

Strong performance of garment sector reflected in high growth of garments exports and material imports…

11

19.9

6.5

10.7

6.6

9.8 10.3 9.7

0.0 5.0 10.0 15.0 20.0 25.0

2011 2012 2013 2014 2015 2016e 2017p

percent

Growth of Garment Sector

25.7%

8.5%

16.3%

16.6%

15.1%

9.3%

37.4%

13.9%

18.2%

14.5%

10.8%

10.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

2011 2012 2013 2014 2015 2016

Total Garment Export (Q) Total Garment Export (V)

Growth of Garment Export in Quantity and Value in the first 6 months

28.5%

8.2%

10.8%

19.8%

27.3%

-0.2%

14.7%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

2010 2011 2012 2013 2014 2015 2016

Growth of Garment Material Import Quantity (Tax Exemption) in the first 6 months

Source: Ministry of Economy and Finance, 2016

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 and 2017

(12)

16%

22%

18%

8%

18%

12% 10%

19% 21%

5.4%

0%

5%

10%

15%

20%

25%

2011 2012 2013 2014 2015

Total Garment Material Import (V) Total garment material import (Q)

Growth of Garment Material Import (Value and Quantity)

32.1%

7.3%

17.8%

10.7%

14.5%

17.4%

8.7%

14.5%

15.5%

13.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

2011 2012 2013 2014 2015

Garment export value Garment export quantity

Growth of Garment Export (Quantity and Value)

Gradually moving away from low value-added to higher value-added segments, as indicated by the contrasting trends between the value and volume of garment exports…

Source: Ministry of Economy and Finance, 2016 12

(13)

Continued high growth of import of construction materials with the decline of credit to the sector indicates a strong-yet-moderated growth of construction sector...

7 .9 1 8 .2 1 3 .7 2 1 .4 1 9 .2 1 5 .9 1 3 .4

0.0 5.0 10.0 15.0 20.0 25.0

2011 2012 2013 2014 2015 2016e 2017p

Growth of Construction Sector

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 and 2017

2011 2012 2013 2014 2015 2016

Construction

Equipment -4.0% 18.5% 26.0% 34.6% 38.7% 22.0%

Cement -7.1% 38.8% 12.4% 42.5% -3.5% -28.7%

Steel -7.7% 237.4% -50.2% 15.3% 15.3% 35.2%

-100.0%

-50.0%

0.0%

50.0%

100.0%

150.0%

200.0%

250.0%

300.0%

Growth of Construction Material Import in the First 6 Months

42.6%

37.9%

33.7%

37.6%

19.0%

15.7%

10.0%

20.0%

30.0%

40.0%

50.0%

2011 2012 2013 2014 2015 Jun-16

Credit to Construction Sector

Source: Ministry of Economy and Finance, 2016

Source: National Bank of Cambodia, 2016 13

(14)

14

2011 2012 2013 2014 2015 2016e 2017p

Fisheries 3.10% 6.73% 5.41% 0.12% 0.27% -0.12% -0.50%

Crop 4.25% 4.91% 0.64% 0.53% 0.32% 1.00% 1.73%

Livestock and Poultry 0.19% 0.81% 0.07% 0.22% 0.02% 0.83% 0.29%

Forestry and Logging -0.13% -2.52% -2.88% -1.19% -0.85% -1.64% -1.64%

Agriculture 3.08% 4.31% 1.57% 0.28% 0.20% 0.54% 0.77%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

Growth of Agriculture Sector

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 and 2017

A continued decline in fisheries, drop in commodity price coupled with low growth of livestock and poultry remain challenges...

Despite slight recovery, growth of agriculture remains slow due to sluggish commodity prices

and delay in implementing supporting policies…

(15)

A recovery of agriculture sector is reflected in high growth of cultivated area, harvested area and rubber production, which helps offset the sluggish growth of tourism sector…

Source: Ministry of Agriculture, Fishery and Forestry, 2016

800,528 868,177 1,040,726

18.83%

8.45%

19.87%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

0 200,000 400,000 600,000 800,000 1,000,000 1,200,000

2014 June 2015 June 2016 June

Hectare

Cultivated Area of Wet Season Rice

Cultivated area of wet season rice Growth ​(%)

604,522 566,550 698,526

14.35%

-6.28%

23.29%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

0 200,000 400,000 600,000 800,000

2014 June 2015 June 2016 June

Hectare

Cultivated Area of Subsidiary and Indusrial Crop

Cultivated area of subsidiary and indusrial crop Growth ​(%)

88,660

108,451 113,912

37,186

53,488 55,320

- 20,000 40,000 60,000 80,000 100,000 120,000

2014 June 2015 June 2016 June

Rubber Cultivated Area and Production

Cultivated area of rubber (Hectare) Rubber production (Ton) 15

(16)

Service sector growth remains subdued, mainly driven by the slowdown of tourism and real estate sector…

16

The slowdown of tourism sector is offset by growth of domestic trade, coupled with transport and communication...

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 - 2017

6.6% 4.8% 12.5% 7.5% 13.8% 7.9% 6.1% 9.2% 2.4% 7.8% 2.2% 7.4% 3.0% 7.4%

5.0%

8.1%

8.7% 8.7%

7.1%

6.7% 6.8%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

2011 2012 2013 2014 2015 2016e 2017p

Hotels and Restaurants Other Services Service

(17)

13.4%

26.8%

19.1%

5.2%

4.6%

2.6%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

2011 2012 2013 2014 2015 2016

Growth of Tourist Arrivals in the First 6 Months

Source: Ministry of Tourism, 2016

6.6%

12.5%

13.8%

6.1%

2.4% 2.2%

3.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

2011 2012 2013 2014 2015 2016e 2017p

Growth of Tourism Sector

Source: National Institute of Statistics, Ministry of Planning, 2016 Note: MEF team’s projection for 2016 and 2017

Growth of tourism sector is expected to be modest in 2016 due to softer growth of international arrivals in the first half of 2016....

17

(18)

2. Fiscal Sector

18

(19)

19

The recent success in revenues mobilization has been attributed to strengthening of tax and non-tax administration, increasing taxpayers’ awareness and more incentives

provided to tax officials…

Source: Ministry of Economy and Finance, 2016

13.1 12.9

15.2 15.2 17.0 18.0 17.9 18.7

21.6 21.0 21.9 22.0 21.6 20.9 22.8 23.8

2.0 1.6 2.6 2.8 4.1 4.8

3.0 3.0

-8.5 -8.2 -6.7 -6.8

-4.5 -2.9

-4.9 -5.1

(15.0) (10.0) (5.0)

- 5.0 10.0 15.0 20.0 25.0 30.0

2010 2011 2012 2013 2014 2015e 2016B.L 2017p

Domestic revenue Total expenditure Current surplus Overal deficit

Strengthened revenue as a result of RMS

implementation

Gradual wage increase expected to exert back considerable pressure on surplus

(20)

20

Revenue performance is likely to remain strong this year, thanks to continued robust

economic growth, increased domestic production and greater revenue collection efforts...

First Half Revenue

Collection 2016 Budget Law 6 month actual

performance % of Budget Law Growth in the first half of 2016

Domestic Revenue 14,359 Billion Riels 7,629 53.1% 21.8%

Current revenue 14,229 Billion Riels 7,597 53.4% 27.3%

GDCE 6,648 3,551 53.4% 27.3%

GDT 5,685 3,302 58.1% 17.6%

Others 1,896 743 39.2% 18.6%

Source: Ministry of Economy and Finance, 2016

(21)

Source: Ministry of Economy and Finance, 2016

More attention towards social affairs…

21

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e 2016 BL

2017p

2 .0% 1 .7% 1 .8% 1 .8% 1 .4% 1 .3% 1 .4% 1 .6% 1 .8% 1 .8% 1 .6% 2 .3% 2 .0% 1 .8% 1 .9% 1 .9% 2 .0% 2 .2%

3 .2% 2 .7 % 2 .4% 2 .2% 2 .0% 1 .8% 1 .7% 1 .8% 2 .1% 3 .5% 2 .8 % 2 .7% 2 .8% 2 .9% 3 .1% 3 .2 % 3 .5% 3 .7%

2 .6% 2 .9% 3 .5% 3 .3% 3 .1% 2 .8% 2 .9 % 3 .0% 3 .2% 3 .8% 3 .8% 3 .8% 4 .0% 4 .3% 4 .3% 4 .6% 5 .3% 5 .4%

0 .8% 1 .0% 1 .0% 0 .9% 0 .7 % 0 .7 % 0 .7% 0 .7 % 1 .0% 0 .8% 0 .9% 0 .8 % 0 .8% 0 .9% 1 .2% 1 .4% 1 .4% 1 .5%

Administration Sector Defense Sector Social Affairs Economic Sector

Sectorial Spending as a Share of GDP

(22)

3. External Sector

22

(23)

Cambodia’s overall balance of payment remains stable, with continued compression of trade and current account deficits, thanks to the increased domestic production…

41.9%

17.4%

26.7%

20.0%

13.4%

10.0%

24.5%

12.5%

24.7%

6.8%

21.1%

8.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

2011 2012 2013 2014 2015 2016

Growth of Import and Export Value in the First 6 Months

Total Export Value Total Import Value

Source: Ministry of Economy and Finance, 2016

2011 2012 2013 2014 2015 2016e 2017p

Export 38.9 40.1 42.9 44.1 46.8 46.2 46.2

Import 55.4 57.9 64.0 63.2 66.0 64.1 63.0

FDI 10.4 12.1 12.0 10.0 9.1 10.3 10.5

Trade Balance -14.3 -17.8 -21.1 -19.1 -19.2 -17.9 -16.8 Current Account Balance

(including official transfer) -5.9 -8.2 -13.0 -9.8 -9.6 -9.1 -8.5

-30.0 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0

% of GDP

Source: National Bank of Cambodia, 2016 Note: MEF team’s projection for 2016 and 2017

Balance of Payment

23

(24)

Export Product Diversification: From garment export to rice and others (electronic components, bikes...)

Source: Ministry of Economy and Finance, 2016

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Others (Electronic components, bicycles, etc.) 3.2% 6.1% 3.6% 1.9% 2.6% 2.0% 2.3% 2.4% 9.4% 7.8% 7.4% 12.6% 16.6% 21.5% 21.1%

Rubber 1.8% 0.3% 1.0% 1.8% 1.6% 1.5% 1.3% 1.2% 1.8% 2.5% 4.0% 3.0% 2.5% 1.9% 1.8%

Rice 0.2% 0.3% 0.0% 0.1% 0.1% 0.1% 0.0% 0.1% 0.4% 1.0% 2.2% 2.4% 3.8% 3.1% 3.4%

Garment 94.8% 93.3% 95.3% 96.2% 95.8% 96.4% 96.3% 96.4% 88.4% 88.8% 86.4% 82.0% 77.1% 73.5% 73.7%

Export by Products

24

(25)

Source: Ministry of Economy and Finance, 2016

Export Market Diversification : From export to the US to export to EU, Japan,...

25

3.2%

11.1%

25.6%

37.9%

66.5% 23.9%

0.8%

6.8%

4.0%

20.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Share of Export Value by Countries

ASEAN EU USA JAPAN Others

(26)

4. Financial Sector

26

(27)

Source: National Bank of Cambodia, 2016

Financial sector has been growing rapidly, reflecting the increased public confidence on the banking system, however, effective monitoring and supervision of financial institutions are required to ensure sustainability of the sector…

28.6% 25.6% 34.4% 41.1% 46.9% 56.4% 61.4% 76.5% 83.5% 77.9% 84.8%

19.8% 26.1% 27.4% 31.8% 38.9% 48.2% 57.2% 69.8% 83.2% 73.3% 81.7%

69.4% 102.2% 79.5% 77.4% 83.0% 85.4% 93.2% 91.2% 99.7% 94.1% 96.3%

74.6%

7.1%

38.2%

30.3%

26.5%

30.9%

17.8%

36.9%

18.8%

28.0%

19.2%

81.6%

57.7%

7.5%

26.8%

35.6%

34.7%

28.6%

34.1%

29.9% 35.8%

22.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

2007 2008 2009 2010 2011 2012 2013 2014 2015 Jun-15 Jun-16

Deposit to GDP Ratio Credit to GDP Ratio Loan to Deposit Ratio Total Deposit Growth Total Credit Growth

Total Credit and Deposit in Financial Sector

27

(28)

Source: National Bank of Cambodia, 2016

Financial sector continues expanding….

28

41 845 1,560 2,419 2,541 3,167 4,337 5,890 7,414 9,615 12,032

36 1,393 2,462 2,635 3,566 4,589 5,880 7,651 8,918 11,857 13,78320

24

31

33

35 35

39

44 46

47

0 5 10 15 20 25 30 35 40 45 50

0 2000 4000 6000 8000 10000 12000 14000 16000

1993 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Million USD

Bank Credit Bank Deposit Number of Banks

87 152 278 300 413 636 877 1,307 2,035 3,015

3 5 5 10 40 114 275 442 912 1,305

16 17 18

20

25

30

35 36

39

53

0 10 20 30 40 50 60

0 500 1,000 1,500 2,000 2,500 3,000 3,500

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Million USD

MFI Credit MFI Deposit Number of MFIs

(29)

5. Challenges and Opportunities

29

(30)

Major Domestic Challenges Major Domestic Opportunities Slow structural reforms and economic

diversification, and weak competitiveness Fast growing middle class

Rapid expansion of financial sector Regional integration policies in concert with open and favorable policies for investment in all sectors

Slow growth of labor productivity/TFP

Strategic location for connecting with ASEAN and Greater Mekong Sub-region in developing infrastructure and strengthening production clusters for regional and international markets

Climate change Demographic dividend

Low completion rate of secondary education and lack of skills

Logistics and transportation system

30

(31)

Global Risks Global Opportunities

1. Brexit: causing uncertainty in global recovery Regional integration policies in concert with open and favorable policies for investment in all sectors

2. China’s rebalancing (slowdown)

Strategic location for connecting with ASEAN and Greater Mekong Sub-region in developing

infrastructure and strengthening production clusters for regional and international markets

3. Gradual recovery of international oil prices Factory relocation from China

China’s transitioning from domestic investment led economy to consumption-led economy

Growing middle class, especially in China

31

(32)

6. Ways Forward

32

(33)

 Continue implementing macro-prudential policy

 Strengthening economic competitiveness and diversification - Skill development

- Improving logistic and transport system - Trade facilitation

- Reducing cost of doing businesses

 Further implementing the New Growth Strategy: IDP 2015-2025

 Strengthening education system and research and development

 Reviving agriculture: continue investing in the sector, i.e. irrigation system, improving farmers’

access to quality seeds, strengthen agricultural extension and improve farmers’ awareness on agriculture techniques, etc.

 Diversifying tourism products and develop tourism infrastructure

33

Ways Forward

(34)

 Financial resource management

• Improve tax system

• Fiscal sustainability and fiscal space

• Building budget linkage to policy and accountability

• Ensuring efficiency at both levels

• allocative

• operational

• Strengthening financial stability and resiliency

• Development of capital market

Development and promotion of Public Private Partnership (PPP)

Promoting social inclusion and protection

Urbanization and city planning

Environmental protection:

• Climate resilience

• Climate change adaptation

Strengthening governance, institution and public sector reforms: civil service, judiciary,

etc….

34

Ways Forward

(35)

Thank You!

35

(36)

36

Vision

Strategies

To transform and modernize Cambodia’s industrial structure from a labor-intensive industry to a skill-driven industry by 2025 through:

• Linking with regional and global value chain

• Integrating into regional production networks and developing interconnected production clusters along with the efforts to strengthen competitiveness and enhance productivity of domestic industries

• Moving towards developing a technology-driven and knowledge-based modern industry

Vision

1. Mobilizing and attracting foreign investments as well as private domestic investments by focusing on large industries, expanding markets and enhancing more technology transfer

2. Developing and modernizing small and medium enterprises (SMEs)

3. Revisiting the regulatory environment so as to strengthen the country competitiveness

4. Coordinating supporting policies (development of human resource, technical training, improvement of industrial relations, development of support infrastructure and ICT)

4 Key Strategies

1. to increase the GDP share of industrial sector to 30% by 2025 (24.1% of GDP in 2013) with the manufacturing sector growing from 15.5% in 2013 to 20% in 2025

2. to diversify the export of goods by increasing the export of non-textile to reach 15% of all exports by 2025 while still promoting the export of processed agricultural products to reach 12% of all exports by 2025

3.to encourage the formal registration of 80% of small enterprises and 95% of medium enterprises and to ensure that 50% of small enterprises and 70% medium enterprises to have proper accounts and balance sheets

3 Targets

Cambodia Industrial Development Policy (IDP) 2015-2025

“New Growth Strategy” that responds to the structural transformation of domestic economy and the

changing regional and global economic architecture…

(37)

Priority Investment Opportunities

37

New Industries

• Electronic assembly

• Natural resources processing

• High Valued Added Garment Products

• Industrial equipment assembly

Supporting Industry

• SMEs Supporting Industry

• Light Manufacturing

• Construction materials

• Food and Beverage

• Packaging equipment for export

• Transport and Logistic

Agro-Industrial

• For Export and Domestic Market

Other Sectors

• Tourism sector

• Human Resource Development

• Information technology and telecommunication

• Energy Development

• Furniture

manufacturing

• Traditional Handicraft

Cambodia Industrial Development Policy (IDP) 2015-2025

참조

관련 문서

놀이 작업 탐구적 놀이: 감각운동 놀이를 기능적 놀이로 발전시킴 기능적 놀이: 장난감을 목적에 따라 사용하기 시작함 사회적 놀이: 부모나 돌봐주는

 Absorption of industrial and warehousing space is expected to grow by 83% to 47.7 million square feet in 2021, driven by strong growth in the e-commerce and manufacturing as

Different composition between parent and product (Ex. The growth of the B-rich phase into the A-rich α-phase) Growth of the new phase will require long-range diffusion

Keywords: Venture Business, Technological Innovation Performance, Utilization of External Resources, Growth Stages. * Ph.D., Candidate, School of

Likewise, other regions where highly contributed to the growth of national agriculture showed a rapid changes in compositions of the agricultural production from paddy

The main effects of rooting medium composition, growth regulators and node parts of shoot on rooting and growth of plug plantlets using stem cuttings of

And the mediating effect of organizational ambidexterity between strong & balanced organizational culture and organizational performance and the moderating

Objective :::: The neovascularization is an essential a factor for the growth of solid organ cancer, and especially vascular endothelial growth factor (VEGF)