Samdech Techo Hun Sen, President of the Cambodian People's Party, instructed all members to implement the pentagonal strategy well in the seventh mandate.
The instruction was made when Samdech Techo held a get-together with nearly 3,000 members of the Cambodian People's Party in Phnom Penh and Kandal province, took place at the 7 Makara Palace in Phnom Penh on the morning of January 20, 2024.
The first phase pentagonal Strategy has five mottos: "Employment Growth, Equity, Efficiency and Sustainability and has five key priorities: "People, Water, Electricity and Technology", especially "Digital Technology" in response to the Industrial Revolution 4 and the digital transformation of the Cambodian economy and society, as well as the need to promote economic productivity, which is the foundation and an important means of achieving the vision of Cambodia 2050.
The five strategic goals include:
1: Ensuring economic growth at an average annual rate of around 7%, resilient to crises
2. Creating more jobs in quantity and quality for the people of Cambodia, especially for young people
3. Achieving the goal of reducing poverty to below 10% and continue to work to keep the poverty rate to a minimum.
4. Continuing to strengthen governance capacity and improving the quality of institutions at both the national and sub-national levels to ensure the effectiveness of public services, as well as continue to strengthen private sector governance and continue efforts to promote a favorable environment for business, investment and trade and 5: Ensuring sustainable socio-economic development and build resilience to climate change.
By Pheara!