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Close collaboration between state and private sector strengthens capacity and promotes long-term progress

Close collaboration between state and private sector strengthens capacity and promotes long-term progress

Cambodian Prime Minister

Hun Manet stated that he does not envision the state as a leader or controller of the private sector. Rather, he aims for collaborative efforts between the state and the private sector to jointly enhance capabilities and promote long-term progress.

The premier spoke on February 21, 2024 at the 2023 annual meeting of the Ministry of Industry, Science, Technology & Innovation (MISTI) at the Ministry.

Prime Minister underlined that the partnership between the state and the private sector entails not only shared thinking but also joint action and accountability.

In addition, the premier added that while the state can facilitate by providing guiding principles, the private sector must collaborate, address concerns with the state, and collectively implement solutions.

“I believe this approach is essential for our long-term competitiveness as our resources are limited, but our potential is immense when we work together,”PM underscored.

At the same time, PM Hun Manet outlined the objective of integrating informal economists into the formal system to bolster business and production capabilities.Fresh News

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