Logo of Phnom Penh Post newspaper Phnom Penh Post - MLMUPC to pay closer attention to Cambodia’s ‘middle class’



MLMUPC to pay closer attention to Cambodia’s ‘middle class’

Content image - Phnom Penh Post
Borey constructions as seen in this picture are associated with Cambodia’s not yet clearly defined middle-class. Hong Menea

MLMUPC to pay closer attention to Cambodia’s ‘middle class’

The Ministry of Land Management Urban Planning and Construction (MLMUPC) is planning to study Cambodia’s middle class to assist with the drafting of housing policies which reflect their income levels.

Dr Beng Hong Socheat Khemro, general director of the MLMUPC’s housing department, told Post Property the plans to study the middle class in more detail would include those living in both Phnom Penh and the provinces.

The study is aimed at determining the monthly and annual incomes of the middle class to assist in providing some clarity on what constitutes the middle class.

“The study will be conducted in provinces too so that we can collect grassroots data to figure out what public housing policies would be best for their income level,” Khemro said.

He added, “The level of income for people in Phnom Penh and those in the provinces are different; hence, the data is very important because we’ll use it to make the general consideration.”

Khemro could not disclose to Post Property when the study will begin – or finish.

To date, the government hasn’t undertaken any official studies on Cambodia’s middle class to gauge what percentage of the population is classified as middle class and to understand the income range of the group.

Nonetheless, Information Minister Khieu Kanharith said during the construction opening for Mercedes Benz last year that, “People who earn more than $10 a day are considered to be the middle-class.”

In Channy, president of Acleda Bank, said Cambodia was on its way to becoming a middle-income dominant country.

“With the average income of $1,300 a person, Cambodia has become a lower-middle-income country, but it hopes to become a middle-income country in 2030,” he said.

He added, “Based on the economic growth in Cambodia, which is around seven percent a year, we’re hoping to achieve this goal.”

According to the definition set forth by The World Bank, a person with a gross income of $1,026 to $4,035 is considered to be within the lower-middle-income bracket while those with an annual salary of $4,036 to $12,475 are middle-income.

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Demining rat ‘hero’ Magawa dead at 8

    A landmine-hunting rat that was awarded a gold medal for heroism for clearing ordnance from the Cambodian countryside has died, his charity said on January 11. Magawa, a giant African pouched rat originally from Tanzania, helped clear mines from about 225,000sqm of land – the equivalent of 42

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer