Post on 27-Apr-2018
ADB: CAMBODIA’S GDP TO GROW 7.1% IN 2017
garment and footwear industry rising by 9.4
percent in the first half of this year.
"While growth in credit to the private sector
moderated to 28.1 percent year-on-year in
June 2016, it still indicates buoyant domestic
demand," he said. "Better weather since
June, following an extended drought, should
help a mild recovery in agriculture."
According to the report, solid domestic
demand and increased food prices lifted
average inflation to a higher than expected
2.7 per cent year-on-years in the first six
months of 2016.
CCoonnttiinnuueedd oonn ppaaggee ((22))
The Asian Development Bank (ADB)
maintained its projections that Cambodia’s
economic growth at 7 per cent in 2016 and
slightly up to 7.1 per cent in 2017.
The updated annual report: Asian
Development Outlook for 2016, which
released on 27 September, presents
largely positive data and predictions for
Cambodia, and in line with government
projections.
According to ADB country director
Samiuela Tukuafu, he described that the
outlook for Cambodia’s economy, after
attaining lower-middle-income status in
July, remains robust with exports from the
Cambodia’s Ministry of Commerce hosted on
the 28 September the signing ceremony on
Agreed Minutes and National Kick-off
Workshop for GIZ project to support the
initiative for ASEAN Integration (IAI) within the
framework of the ASEAN Single Market to give
chance to relevant ministries to discuss and
exchange ideas to identify the challenges and
proper solution for preparing the project
proposal to GIZ.CCoonnttiinnuueedd oonn ppaaggee ((22))
COMMERCE MINISTRY-GIZ PARTNERSHIP INSUPPORTING ASEANINTEGRATION
Independence Monument, Phnom Penh, Cambodia
CAMBODIA, VIETNAMDISCUSS THESTRENGTHENING OFBILATERAL FRIENDSHIPAND COOPERATION
ISSUE 40: 29 SEPT– 02 OCT 2016
Cambodian Prime Minister Samdech Akka
Moha Sena Padei Techo Hun Sen received on
27 September at the Peace Palace visiting
Chairwoman of the National Assembly (NA) of
the Socialist Republic of Vietnam H.E. Ms.
Nguyen Thi Kim Ngan.
According to H.E. Eang Sophalleth, Assistant to
the Cambodian premier, both leaders expressed
their appreciation to the current cooperation
between the two neighboring nations.
CCoonnttiinnuueedd oonn ppaaggee ((22))
1
Weekly publication of the Royal Embassy of Cambodia to UK, Denmark,Finland, Ireland, Norway, Sweden, Ethiopia and African Union
ADB: CAMBODIA’S ….
It added that inflation forecasts have been slightly
increased in line with an expected rise in global oil
prices, to an average rate of 3.4 percent in 2017.
Merchandise exports increased by an estimated
12.3 per cent in U.S. dollar terms in the first six
months, faster than the 9.4 per cent recorded in the
first half of 2015, the report said, adding that growth
in merchandise imports slowed to 7.3 per cent from
17 per cent.
COMMERCE MINISTRY…
According to the ministry’s news release, while
presiding over the events, Minster of Commerce
H.E. Pan Sorasak stated about the creation of the
ASEAN Economic Community (AEC) and the ASEAN
Community Blueprint 2025 as well as the
cooperation purpose between ASEAN and Germany.
According to H.E. Minister, the budget for IAI project
is 6 million Euro and it will be carried out in
Cambodia, Laos, Myanmar and Vietnam until June
2018. “The Ministry of Commerce will play role as a
focal point in the project, but the main beneficiaries
are the Ministries of Tourism and Health because
the support under this project focuses on these two
sectors,” said H.E. Pan Sorasak.
PHNOM PENH MASTERPLAN ROLLOUTAGREED
Phnom Penh Municipal Hall in collaboration with the
Asian Development Bank agreed on the rollout of
land management master plan for the capital.
The decision was made in meeting chaired by
Deputy Municipal Governor H.E. Ieng Aunny at the
municipal hall in Phnom Penh between the two
sides on 26 September.
The rollout of the capital’s land management master
plan will not only lead to livelihood sustainability in
and beauty of Phnom Penh, but also mitigate
impacts on its dwellers for future development.
The master plan has identified natural, cultural and
traditional sites as well as locations for skyscrapers,
industrial and commercial activities, major roads,
bridges, airports, railways, and drainage.
ISSUE 40: 29 SEPT– 02 OCT 2016
2
institution and institution in order to achieve
the common goal of bettering the living
standard of the people of the two nations.
The Cambodian premier took the opportunity
to thank the Vietnamese side for having
facilitated the border crossing for the
Cambodian people who sought medical
treatment in Vietnam, especially those living at
the border area.
H.E. Ms. Nguyen Thi Kim Ngan arrived in
Phnom Penh on the 27 September for a two-
day official and friendly visit in Cambodia.
Upon her arrival, she was warmly welcomed in
an official ceremony by Samdech Akka Moha
Ponhea Chakrei Heng Samrin, President of the
Cambodian NA, and after that both sides held
a bilateral talk at the NA Palace.
According to the schedule, H.E. Ms. Nguyen
Thi Kim Ngan paid a courtesy call on Samdech
Vibol Sena Pheakdei Say Chhum, President of
the Senate, and be granted a royal audience by
His Majesty Norodom Sihamoni, King of
Cambodia.
CAMBODIA, VIETNAM DISCUSS THE ….
H.E. Ms. Nguyen Thi Kim Ngan conveyed the
Vietnamese leaders’ greetings to Samdech
Techo Hun Sen and said that her visit is aimed
to deepen the existing good cooperation and
relationship between the two countries. She
thus expressed her commitment to work
closely with the Cambodian legislative body in
further tightening both countries’ relations.
For his part, Samdech Techo Hun Sen thanked
the Vietnamese leaders for their greetings and
expressed warm welcome to H.E. Ms. Nguyen
Thi Kim Ngan’s visit in Cambodia.
Samdech Techo Prime Minister highly valued
the fruitful exchange of visits and meetings
between province and province, and between
CAMBODIA, CHINA SIGN MOU TOSTRENGTHEN COOPERATION ON JUSTICE
The Ministry of Justice of the Kingdom of
Cambodia and the Ministry of Justice of the
People’s Republic of China, have signed a
Memorandum of Understanding (MoU) on
Bilateral Cooperation on Judicial System.
The MoU was inked here on 26 September by
Justice Minister H.E. Ang Vong Vathana and
H.E. Lu Enguang, Director General of Political
Department, the Ministry of Justice of the
People’s Republic of China.
Mr. Chin Malin, Cambodian Spokesman for the
Ministry of Justice, told reporters after the
signing ceremony that it was the first time
that the Ministry of Justice of the two
countries have cooperated in the judicial field.
The spokesman underlined that the
cooperation focused on the exchange of
delegates and visit of both minister and
technical level; collaboration and human
resource training in legislation and judicial
areas covering civil, penal, commercial codes,
judicial administration and other skills, as well
as mutual assistance in laws such as the
exchange of information and documents that
the two sides require.
“Despite the fact that Cambodia and China
have joint cooperation on many areas, the
Ministry of Justice of Cambodia has never and
ever worked with the Ministry of Justice of
China, but only with the All China Lawyers’
Association and some universities,” he
added.
CAMBODIA TO BECOMECHAIRMAN OF LDCSCOORDINATORS
Cambodia will become the chairman of the least
developed countries (LDCs) coordinators at the
World Trade Organisation (WTO) in 2017.
The information was made known during a meeting
between Cambodian Minister of Commerce H.E. Pan
Sorasak and H.E. March Vanheukelen, Ambassador
of the European Union to Geneva, Republic of
Switzerland, according to the Ministry of
Commerce’s news release issued on 27 September.
Both sides also discussed the Free Trade Agreement
(FTA) with the European Union and the Trans-
Pacific-Partnership (TPP) with the United States.
H.E. March Vanheukelen expressed his welcome and
appreciation for Cambodia’s intention to chair the
group of the poor countries. He promised to provide
technical support and human resource development
for Cambodia to be successful in leading the
coordinating group of LDCs.
Regarding the FTA and TPP agreements, H.E.
Ambassador also promised to help strengthen the
competitiveness of Cambodia and persuade the
European Union to keep allowing Cambodia to
import components from Malaysia and other
countries in the region in order to boost the process
of manufacturing bicycles in Cambodia.
CAMBODIA-INDIADIRECT AIR ROUTELAUNCHES
The Cambodia-India direct air route is now open
for business and airline companies have been
invited to file their applications to operate flights
between the two countries, according to an
official from Cambodia’s State Secretariat of Civil
Aviation (SSCA).
Mr. Chansereyvuth, SSCA spokesman, revealed
that there has been a memorandum of
understanding (MoU) between Cambodia and
India for the direct flight route since 2002.
In the first seven months of the year, 24,329
Indian tourists visited Cambodia ‒ representing a
30 per cent increase compared to the same
period last year.
V I S I O N S O F C A M B O D I A
3
The Institute of Standards of Cambodia (ISC)
and the United Nations Industrial Development
Organization (UNIDO) will team up to boost the
export of four seafood products that adhere to
international standards.
Speaking at a workshop at the Ministry of
Industry and Handicraft on 27 September, ISC
director-general Chan Borin said ISC and
UNIDO joined hands to increase the export of
seafood to overseas markets.
According to Mr. Borin, he said that the
seafood products that have potential for
export are fish sauce, dried shrimp, frozen
shrimp and crab meat, and the standards must
be met before exporting to other countries.
UNIDO, which ensures food quality and food
safety, is collaborating with ISC to draft a code
of standards and make sure that food
processing adheres to international standards.
Demand for seafood products comes from
Hong Kong, China and the EU. The budget of
the program is $1.3 million over three years.
Narin Sok, head of UNIDO operations in
Cambodia, said that UN agency studied and
evaluated the potential of the seafood
products and see great potential for these
SEAFOOD EXPORTS BOOST
COMMERCE MINISTRY COOPERATES WITH AUNIVERSITY TO IMPLEMENT MICROSOFTPROJECT
The Ministry of Commerce reached a
memorandum of understanding (MoU) with the
American University of Phnom Penh (AUPP) to
implement Microsoft’s Translator Hub-Khmer
project on 26 September.
H.E. Sok Sopheak, Under Secretary of State for
Commerce, said that the collaboration will help
promote the national information technology
sector and provide many great benefits to
Cambodian people.
“The Ministry of Commerce has seen the AUPP
is the only university that can provide quality
human resources for this work and it is also the
opportunity for the students to work with
Microsoft Company through the ministry,” he
added.
Professor Dr. Nial Farrell, Vice President for the
academic and student affairs of the AUPP, said
it is an honour for the AUPP to partner with
the Ministry of Commerce for the Translation
Hub-Khmer project, as well as other projects.
According to the MoU, the AUPP is tasked to
provide human resources, expertise, and other
resources to input data in the form of words
and sentences of at least 100,000 phrases (in
Khmer and English), which will be used for
translation in computer systems and other
Microsoft programmes. It then has to
collaborate with the Ministry of Commerce to
design and conduct training programmes to
officials of the ministry and other relevant
institutions.
four products to not only serve local markets,
but potentially export to international
markets as well. In the project, UNIDO’s role is
to cooperate with ISC to make sure our
producers comply with the standards written
in the code of practices.
“The authorities involved will check if they are
complying with the standards,” he added,
saying areas where the code of practices will
be implemented include Koh Kong, Preah
Sihanouk and Kampot provinces.
The fisheries sector is vital because it
generates jobs, ensures food security and
provides income to the poorest households,
officials said, adding that more exports from
the sector contribute greatly to the national
economy.
ISSUE 40: 29 SEPT– 02 OCT 2016
Visions of Cambodia is produced by the Press and Information Unit, Royal Embassy of Cambodia64 Brondesbury Park l Willesden Green l London NW6 7AT l United Kingdom l Tel: +44(0)208 451 7850 www.cambodianembassy.org.uk 4
SPRING AIRLINES TO LAUNCH NEW
DIRECT FLIGHT BETWEEN CAMBODIA
AND CHINA
Spring Airlines, China’s biggest budget carrier, will launch its
first direct flight from Phnom Penh to Guangzhou.
The launch of direct flight was made known at a press
conference held on 28 September in the presence of H.E. Pan
Sorasak, Minister of Commerce of Cambodia.
H.E. Pan Sorasak expressed his belief that the presence of
Spring Airlines in the Kingdom of Cambodia, not only
contributes to the job creation and income generation, but also
helps the royal government in poverty reduction and tourism
development.
“I strongly believed that the tourists from China as well as from
the world will continue to come to visit our Kingdom as the
Royal Government of Cambodia maintains the Open Sky Policy,
which helps to boost the development of tourism sector in our
Kingdom,” he underlined.
“The Ministry of Commerce has conducted comprehensive
reforms, aiming at promoting the business environment and
coordinating private sector development. The ministry will,
therefore, give full support to make your business operation a
success,” H.E. Minister added.
The Spring Airlines will be offering three lines for its daily
flights: Phnom Penh-Guangzhou, Siem Reap-Shenzhen, and
Guangzhou-Siem Reap/Phnom Penh.