The Cambodian economy in 2022 is expected to return to full level, as in the period before the COVID-19 epidemic, according to the latest forecast from the Ministry of Economy in 2022, the Cambodian economy will grow. Up to 5.8% after increasing by 3% in 2021. In addition, in order to achieve economic growth of around 7%, the Ministry of Economy claims that Cambodia needs to wait until 2024 to be able to achieve.
Speaking at the Public Forum on “Macroeconomic Management and Budget Law” Speaking at the Public Forum on “Macroeconomic Management and Budget Law 2022” H.E. Vongsey Visoth, Minister Delegate to the Prime Minister and Permanent Secretary of the Ministry of Economy and According to Finance, Cambodia’s economic growth is expected to reach 5.8% in 2022 and 6.5% in 2023 before continuing to reach 7%. In 2024. According to His Excellency Vongsey Visoth, the achievement of economic growth during the COVID-19 epidemic is not a coincidence; the Vaccination promotion period for citizens and interventions to help businesses and citizens affected by Kovid 19.
At the same time, HE Chheang Vanrith, Director General of the General Department of Policy of the Ministry of Economy and Finance, emphasized that Cambodia’s economic growth in 2021 and 2022 is significantly boosted by vaccination. The people will bring the country back to full economic recovery. On the other hand, exports of industrial and agricultural products continued to increase in line with the growing demand of the purchasing countries. In addition, foreign direct investment continues to increase in ASEAN countries, including Cambodia, due to changes in the production chain due to geopolitical factors and the COVID-19 issue. Another factor that the policy of the Royal Government to restore and stimulate economic growth for 2021-2023, all of which are potential factors to contribute to the economic growth of Cambodia in 2022.
