In a bid to incorporate private sector input into its strategy to help the country transition to a digital economy, the Ministry of Commerce held yesterday a forum on entrepreneurship in the digital age.
Speaking at the Forum on Digital Economy and Entrepreneurship yesterday, Vongsey Vissoth, Secretary of State at the Ministry of Economy and Finance, said a plan to adapt to the fourth industrial revolution is needed to keep up with the rest of the world and to reach middle-income country status.
“We are gathered here to discuss a strategy to digitalise Cambodia’s society and economy,” he told an audience composed mostly of businesspeople.
“It is a hard task ahead of us, but we must find ways to adapt to new trends,” he said.
“Digital technology will help us increase productivity and create jobs.”
Event participants agreed that the major obstacles in becoming a truly digital economy are poor critical internet infrastructure, a largely unskilled workforce and low levels of education.
“There are a lot of challenges for Cambodia because we are still fairly behind other countries. However, this presents good opportunities as well,” Mr Vissoth said, explaining that Cambodia is in a position to leapfrog directly to the latest technology, skipping outdated technologies in which advanced nations have invested huge amounts of money.
