CPP: Cambodian people’s trust-worthy leader

(VNF) - The beautiful Cambodia is changing rapidly. It is on the right track of modernization and development. Under the effective leadership of the Royal government of Cambodia headed by the Cambodian People’s Party (CPP), the people of the country have together achieved numerous milestones in the cause of nation building and development.

(VNF) - The beautiful Cambodia is changing rapidly. It is on the right track of modernization and development. Under the effective leadership of the Royal government of Cambodia headed by the Cambodian People’s Party (CPP), the people of the country have together achieved numerous milestones in the cause of nation building and development.

During the fifth mandate of the National Assembly of Cambodia, CPP has contributed tremendously to the country's progress, which lays a solid foundation for the increasing trust in Cambodian voters in the upcoming election.

The maintenance of peace, the stability of politic and security have created favorable conditions for the improvement of the economy, society and people’s well-being.

Cambodia has achieved a vital milestone when leaving the low-income group to become a lower-middle income country. Based on the momentum, the country is striving toward a higher-middle income country in 2030.

This result reflects the successful implementation of the political platform and the third stage of the Rectangle Strategy of the National Assembly 5th mandate, under the leadership of Prime Minister (PM) Samdech Techo Hun Sen, which received the mass bolster and trusts of the people.

CPP: Cambodian people’s trust-worthy leader

PM Hun Sen bolstered by Cambodian people in the inauguration of the General Election campaign for 6th mandate of the National Assembly. (Source: freshnewsasia.com)

The milestones the people of Cambodia have achieved are attributed to CPP’s outstanding leading role, under the leadership of PM Hunsen.

CPP’s leadership has reinforced the solidarity of the people while complying with the Constitution, protecting the monarchic regime, promoting democracy, multi-party freedom, ensuring the respect for human right and adhere to the law and social equality. These points have been stated into CPP’s election platform for the 2018 – 2023 tenure.

In the last five years, under the leadership of CPP, the economy of Cambodian has witnessed speedy growth. Throughout the last two decades, annual GDP growth rate has sustainably been maintained at 7.7%, even in the context of the global economic crisis in 2008.

As one of the top countries in terms of growth rate, Cambodia has been considered a "new tiger" of the Asia’s economies.

Since CPP’s commitment to sustainable development aims to benefit the people, the living standard of Cambodian people has been positively changed, with average income per person increasing from USD 1,042 in 2013 to USD 1,563 in 2018.

CPP: Cambodian people’s trust-worthy leader

The changing face of Phnom Penh city with new modern buildings (Source: nhandan.com.vn)

At the same time, poverty rate plunged, from 53,5% in 2004 to 13% in 2016 and is on the way to decrease further. The poverty reduction rate in 2015 even exceeds the millenium sustainable development goal and poverty reduction goal by 1%.

Meanwhile, income gap is shrunken, step by step.

Furthermore, thanks to the cautious implementation of macro economic policy, which prioritize maintaining the stability of the economy, enhancing the persification of economic activities, improving competitiveness, domestic production and consumption, Cambodia has reaped remarkable achievements.

In particular, annual foreign exchange reserves has risen from USD 3,643 million in 2013 to USD 9,050 million in 2017, thanks to the growth of FDI. The balance of payment gets better while public debt is at the lowest rate in the region, signifying low risk and high level of sustainability.

According to the Asia Developmen Bank (ADB) and World Bank (WB)’s forecast, during the period 2018-2019, the Cambodian economy will be able to maintain the growth rate of 7%.

In the first four months of 2018, the value of FDI flows to Cambodia was at USD 634 million, including 47 newly-registered projects, while import-export value hit USD 8,3 billion.

At the same time, the numer of foreign tourist arrivals to Cambodia hits 1.7 millions, marking a 1.9% year-on-year increase (compare to 5,6 million in 2017).

In the its election platform, CPP has pledged to enact and implement policies which focus on the interests of the people, such as removing tax on farmer’s agricultural land which is used to increase production as a household, helping farmers expand production and look for consumption markets with reasonable price.

Meanwhile, the people who do not possess land will received land to build their accomodation and increase production, according to the social priority land program proposed by CPP.

Furthermore, CPP pledges to increase salary/allowances/pensions for all civil servants, armed forces, retired people and veterans.

Meanwhile, the election platform also states that small-scale business people working in land zones managed by the government will be allowed to transfer their right of land possession and use to their next generations without any constraint regarding duration./.

( Translated by Phong Lan )

Phiên bản di động