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

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be