Pdf technical and vocational education and training in. There are many contributions of technical and vocational education and training tvet on a nations economy. The current and projected economic growth in cambodia, compared with other developing countries in southeast asia. More than half of the labor force is engaged in subsistence farming, and cambodia remains one of asiaos poorest countries. Growth in cambodia is expected to slow dramatically to 2. The 2019 april cambodia economic update ceu was prepared by sodeth ly, with contributions from miguel eduardo sanchez martin, runsinarith phim, linna ky, kimsun tong, anne marie provo, somil nagpal, phyrum kov and ekaterine vashakmadze. The result is that the national bank of cambodia has little scope for monetary and exchange rate policy. Explore the world banks past reports on key industry, sector and economic analysis in cambodia. Cambodia and the wto this page gathers key information on cambodia s participation in the wto. The economy is dominated by garmentmaking, but tourism is expanding, and cambodia hopes to tap into offshore oil and gas reserves and draw in overseas investment to replace aid.
Saroeun bou and socheat ath helped with the press release, logistic support, web display. The economy is still heavily dependent on tourism and the garment industry. Coping with domestic pressures and gaining from a strengthened global economy. Public disclosure authorized economic cambodia staying. Cambodia has been a member of wto since october 2004. It is a heavily dollarized economy, with the united states us dollar and the national currency, the riel, freely circulating and interchangeable. In 2012, the x asset investment amount approved by the cib cdc reached 1. Per capita income, although rapidly increasing, is low compared with most neighboring countries. The economy of cambodia currently follows an open market system market economy and has seen rapid economic progress in the last decade.