Remarkable Leap of Cambodia’s Logistics, Yet More Job to be Done

Cambodian logistics in 2016 was ranked 73rd among 155 studied countries globally, yet the government continues to place its improvement as a priority.

Finance and Economy Secretary of State H.E. Vongsey Vissoth made the point when co-chairing a recent forum with national and international key players on meeting the needs for infrastructure and strengthening competitiveness here in Phnom Penh.

The ranking stands as a remarkable progress comparing to its 129th place in 2010, said the secretary of state, adding that the Royal Government of Cambodia continues to consider the development in the area as a priority.

According to H.E. Vongsey Vissoth, the government is investing an average of around US$1,000 million, equivalent to 8 percent of Cambodia's gross domestic product, to further improve the physical infrastructure to ease the logistics.

Improved logistics, he emphasised, plays an indispensable role in reducing cost and time, and in promoting quality of goods transport, resulting with more reasonable supplies of necessity products, especially for low-income households.

Looking ahead to 2018 in terms of logistics, the Royal Government of Cambodia will focus heavily on master plans for physical infrastructure in the country.

H.E. Vongsey Vissoth also called for continuing commitment by development partners, corporate sector as well as other key players to contribute to further improving the sector.

Source: Agency Kampuchea Press