Digital technology essential for economic growth in Cambodia

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Digital technology essential for economic growth in Cambodia

Post by CEOCambodiaNews »

Cambodia / Digital technology essential for economic growth, says World Bank
By: Robin Spiess - Posted on: December 19, 2018 | Business

Cambodia’s economic growth in recent years has been rapid, with the Kingdom benefitting from preferential trade treatment and an abundance of low-skilled labour. But the country will need to look to new technologies and greater digital adoption across different sectors to continue enjoying that prosperity, according to a World Bank report
Only about one quarter of Cambodians consistently use the internet, according to the World Bank report

The report, “Benefitting from the Digital Economy,” was released on Wednesday and highlights the importance of Cambodia’s adoption of digital processes as a primary catalyst for future growth.

According to Ellen Goldstein, World Bank Country Director for Cambodia, Laos and Myanmar, the Kingdom cannot rely on donor financing or preferential trade treatment for much longer, as these drivers of growth are likely to soon be phased out.

“Rising wages are making it increasingly difficult for Cambodia to keep exporting unprocessed rice and low-end garments,” she wrote in her introduction to the report. “Meanwhile, around the globe, automation is displacing jobs, and digital technologies are transforming certain sectors.”

The Kingdom’s authorities seem to realise the importance of digitising the economy, as recent years have seen new policies enacted in support of digital developments. At the top of the Kingdom’s to-do list is the digitisation of governmental procedures, expansion of technology infrastructure, and development of local talent in the tech industry, which it has outlined in two separate multi-year development plans. But Cambodia still has a long way to go in terms of digital adoption and technological readiness.
Businesses & government

Cambodia’s businesses and government rank among the lowest in the region for their limited adoption of new technologies thus far. The government offers few online services, taxes must still be filed in person, and there is no centralised payment platform through which citizens or businesses can digitally pay their electric and water bills.

Cambodia’s firms are slower to adopt new tech than other countries in the region, as under a quarter had any web presence as of 2017 – far below the world average of 46%.
http://sea-globe.com/digital-technology ... ic-growth/
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Re: Digital technology essential for economic growth in Cambodia

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The Cambodian Digital Economy Forum is taking place from 29-30 March 2023 at the Himawari Hotel in the capital of Phnom Penh.

Image
USAID’s Digital Asia Accelerator and MangoTango are the event organsiers and the two-day event is intended to bring international and regional businesses as well as digital policy experts to discuss the future of the digital economy in the region.

The topics due to be discussed include:

Data protection/privacy
Cybersecurity
Cross-border transfer of information
Open Internet access and Internet governance
Localisation of computing facilities
Electronic transactions
E-Trade facilitation
Education
https://www.b2b-cambodia.com/event/camb ... orum-2023/
https://digitalpolicy.asia/digital-economy-forum/
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techietraveller84
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Re: Digital technology essential for economic growth in Cambodia

Post by techietraveller84 »

The criminals sure seem to be digitized. Which the government and businesses lack thereof it probably a big contributor to being why the criminals are so successful!
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Re: Digital technology essential for economic growth in Cambodia

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The Cambodian public education system needs to be rebuilt to mirror systems of the western world.

The country needs an educated workforce to complete on the global market, not just a select few, in order to be viable.

Will that happen, or will the average local slip into something akin to a modern day slave?

Only time will tell.

Just my opinions, of course.


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Re: Digital technology essential for economic growth in Cambodia

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It might be a good idea to check out the MOEYS ongoing programs, plans and projections before making uninformed opinions. Just my opinion.
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Re: Digital technology essential for economic growth in Cambodia

Post by truffledog »

There will be a growing demand for digital services as Cambodias economy will grow and develop. Therefore any goverment or private program to develop such skills are a great opportunity for locals to get into jobs that pay more than the minimum wage.
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Re: Digital technology essential for economic growth in Cambodia

Post by newkidontheblock »

MOEY has wonderful programs.

But the typical Cambodian public education (which the majority get) doesn’t match the level found in their Asian competition, aka China, Japan, Korea, Singapore, etc.

Too few hours, to start with.

If I was so uninformed, why else would so many be complaining about lack of public education on this forum?


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Re: Digital technology essential for economic growth in Cambodia

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newkidontheblock wrote: Thu Mar 23, 2023 11:41 pm MOEY has wonderful programs.

But the typical Cambodian public education (which the majority get) doesn’t match the level found in their Asian competition, aka China, Japan, Korea, Singapore, etc.

Too few hours, to start with.

If I was so uninformed, why else would so many be complaining about lack of public education on this forum?
You are "informed" by Facebook and gossip. Your constant ragging on a system you are far removed from and have no actual interest in just strikes me as pure prejudice. While Cambodia is looking to the future you are stuck in a narrow-minded pessimism. Well done.
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Re: Digital technology essential for economic growth in Cambodia

Post by Alex »

I recently had a tuk-tuk driver who could have been my father age-wise. Unlike my father, he had the Grab app installed and knew how to use it, plus the ABA app to accept cashless payments. Just one encouraging example that shows that people can learn to use those bits of "digital technology" that they need for their work regardless of age and formal education. To me, Khmers seem to be exceptionally open and very pragmatic in that regard. Old ladies using Facebook to keep in touch with their children working in Phnom Penh also seems to be quite common.
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Re: Digital technology essential for economic growth in Cambodia

Post by Kammekor »

John Bingham wrote: Thu Mar 23, 2023 10:38 pm It might be a good idea to check out the MOEYS ongoing programs, plans and projections before making uninformed opinions. Just my opinion.
Yesterday's decision of MOEYS to close all schools nationwide for four weeks because of a sports event shows they're not as committed to high quality education as they pretend to be. Unfortunately.
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