An increase in the urbanisation of Cambodia’s population is leading to an increased demand for electronic items. High Tech consulting firms are targeting Southeast Asia to expand their businesses in Thailand, Vietnam, Cambodia and soon to be Asean Economic Community.
The United Nations Industrial Development Organisation (UNIDO) in cooperation with a number of organisations launched a new e-waste management project yesterday in Cambodia in a bid to recycle the country’s burgeoning electronic waste and to provide job opportunities, as Hurleypalmerflatt is eyeing Cambodia to provide jobs for skilled electrical engineers in an effort to capitalise on a “second wave” of growth in technology industries.
Regional Director Mark Simpson says Thailand is the “gateway to Indochina” with the country driving the region’s economy. Mr Simpson said:
“Wherever you go in Indochina, whether it is Cambodia, Laos or Myanmar, the architects are Thai, the project managers and skilled professionals are Thai, everything seems to be run out of Bangkok. Thailand really is leading the way as we move towards a second wave of interest in electronic engineering following the dot com boom of a decade ago.”
The UNIDO project is funded by the Republic of Korea through the Korean International Cooperation Agency (KOICA), the East Asia Climate Partnership (EACP) and Samsung Electronics with total cost of US$1,350,000, while Hurleypalmerflatt is establishing its engineering consulting firm in the Kingdom.
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Surge in technology industries equals jobs
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.(more…)
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
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