Logo of Phnom Penh Post newspaper Phnom Penh Post - Digital transformation ‘new growth engine’ for Kingdom

Digital transformation ‘new growth engine’ for Kingdom

Content image - Phnom Penh Post
A smartphone on display at a shop in the capital. Cambodia Development Resource Institute (CDRI) held the Digital Transformation towards Industry 4.0 conference on Tuesday. Heng Chivoan

Digital transformation ‘new growth engine’ for Kingdom

With the rise of Industry 4.0, digital transformation will be the new growth engine that Cambodia needs to realise its long-term vision of becoming a high-income country, an economic expert said on Tuesday.

Speaking at the 13th annual outlook conference, which was organised by Cambodia Development Resource Institute (CDRI) under the theme Digital Transformation towards Industry 4.0, CDRI chairman Mey Kalyan said the discussion of digital technologies in the Kingdom has intensified.

Kalyan noted that in just three months this year, there have been three conferences on digital technologies held in the Kingdom to share ideas and discuss strategies for Cambodia’s future development and prosperity, and to generate policy recommendations for action.

“With the rise of Industry 4.0, digital transformation could be the new growth engine that Cambodia needs to realise its long-term vision of becoming an upper-middle-income country by 2030 and a high-income country by 2050, as well as deepen Cambodia’s regional and global integration,” Kalyan said.

The general objective of Cambodia Outlook Conference 2019 is to bring together leaders from the government, the private sector and other relevant stakeholders to engage and exchange views in constructive dialogue on digital transformation towards Industry 4.0 and help the Kingdom achieve long-term growth and development.

A focus on technological advancement, innovation and education quality has increased in successive phases of the Rectangular Strategy.

Key actions to date include the development of Cambodia ICT Masterplan 2020, the drafting of the Cambodia e-Government Master Plan, establishment of a Data Management Centre and the promotion of a legal framework for the digital ecosystem.

Speaking during the opening remarks at the conference on Tuesday, Prime Minister Hun Sen said digital technology can drive growth and efficiency.

He said things such as smartphones, cloud computing, robotics, block chain and the Internet of Things have been generating vast possibilities for improving people-to-people connectivity, creating new start-ups with new ideas, facilitating trade, reducing market barriers, and creating opportunities for innovative ideas and entrepreneurial activities.

“Cambodia has experienced economic structural transformation – from a heavily agriculture-based economy to an industry- and service-based economy.

“To seize full benefits from the digital economy, Cambodia needs to put in more effort to promote strong and high economic growth for the long-term,” Hun Sen said.

The prime minister said that early this year, he instructed the Supreme National Economic Council (SNEC) to establish a working group to formulate a digital economy policy framework with the aim to seize opportunities arising from science and technology for socio-economic development.

The targets include – building infrastructure to support the digital sector, developing an e-payment system and logistics network, creating a digital platform and developing an ecosystem, and promoting government digitalisation, entrepreneurship, digital literacy and open data.

MOST VIEWED

  • Forest rangers seek 1,210 rifles after serious attacks

    The Ministry of Environment sought permission from the Ministry of National Defence to arm municipal and provincial rangers with 1,210 rifles in response to one of its rangers being killed and two others critically assaulted while out on patrol in Mondulkiri and Kampong Thom provinces. In

  • Rainsy stopped in Paris from boarding Thai flight

    Airline officials at Paris’ Charles de Gaulle airport on Thursday prevented Sam Rainsy from boarding his flight to Bangkok ahead of his announced return to Cambodia on Saturday. Prime Minister Hun Sen had earlier in the day assured Phnom Penh residents that there would be

  • Analyst: Rainsy blocked from boarding flight 'an excuse'

    THAI Airways not allowing Sam Rainsy on its route from Paris to Bangkok on Thursday is being used as an excuse to keep his standing among fellow coup plotters and his uninformed supporters as flights to non-Asean countries are available, an analyst said on Friday.

  • Rainsy lands in Malaysia

    Cambodian opposition figure Sam Rainsy arrived in Kuala Lumpur airport on Saturday afternoon after boarding a flight from Paris, where he has been living for more than four years. Ministry of Foreign Affairs and International Cooperation spokesperson Koy Kuong said on Saturday that Cambodia respected

  • Prayut indicates no entry into Thailand for CNRP’s Rainsy

    Cambodian government officials on Wednesday welcomed the position of Thai Prime Minister Prayut Chan-o-cha after he indicated that Sam Rainsy would not be allowed to return to Cambodia through Thailand. “According to our commitment to Asean, we will not interfere in each other’s internal

  • Sokha continues call for dropping of charge after bail conditions reduced

    Not satisfied with having his bail conditions reduced, allowing him to travel freely in Cambodia, Kem Sokha says he wants his charge totally dropped. “As an innocent man who has been in detention for two years even without being found guilty, I continue to demand