Cambodia Reports Major Reform Gains, Eyes High-Income Status Under Vision 2050

PHNOM PENH, Cambodia (Nov. 27, 2025) — Cambodia reaffirmed its long-term ambition under Vision 2050 as Deputy Prime Minister Sun Chanthol reported significant progress in reforms and stronger government–private sector cooperation at a workshop marking the 25th anniversary of the Government–Private Sector Forum.

Presenting the first-semester 2025 progress report, Chanthol said 166 of 179 reform measures have already been completed — a 93 percent implementation rate. He added that 82 percent of issues raised in sectoral working group meetings over the past 18 months have been resolved, with the remainder advancing positively.

Chanthol credited the achievements to the Royal Government’s commitment under the leadership of the prime minister, who continues to prioritize the private sector as the engine of national growth. He said this partnership will remain crucial as Cambodia works toward becoming a high-income country under Vision 2050.

He reaffirmed the Council for the Development of Cambodia’s pledge to improve the investment climate through promotion of the Law on Investment, international roadshows and digitalized public services. CDC expects to approve more than 600 Qualified Investment Projects in 2025, surpassing last year’s record of 414.

Chanthol also highlighted Cambodia’s historic reciprocal trade agreement with the United States, the first of its kind globally, saying it strengthens investor confidence and supports key export sectors including garments, textiles, footwear and travel goods.

With reforms accelerating and investor confidence expanding, Chanthol expressed optimism that Cambodia is well positioned to advance toward its 2050 vision and improve livelihoods nationwide.