Cambodia’s unemployment rate lowest in Asean

The unemployment rate for Cambodia is expected to be at 0.31 percent this year, which is the lowest among all member states of the Association of Southeast Asian Nations (Asean), according to the Asean Information Center. Laos is at the second place with a projected unemployment rate of one percent.

The unemployment rate of Myanmar is expected to be at 1.79 percent,  Singapore (2.2 percent), Vietnam (2.46 percent), Malaysia (3.9 percent), Philippines (5.8 percent), Indonesia (5.83 percent) and Brunei (8.4 percent), the report said. Hong Vannak, an economic analyst at Royal Academy of Cambodia, told Khmer Times that the figure is reliable.

Vannak added that Cambodia is one of developing countries that have created jobs for its people in production, domestic trade and export along with the government’s efforts in building international, bilateral and multilateral relations with different partners both regionally and globally. “The relations are consistent with regional and global economic integration policy of our country and so we are not lonely.

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