More:Cambodia's rapid growth has been fueled by tourism, textiles and garment manufacturing. Construction has boomed, producing high-quality jobs in skilled trades. Foreign investors have flocked to Cambodia's open factories and take advantage of our favorable trade agreements with the United States, the European Union and China. Our employment rate is over 90 percent, and standards of living have improved markedly, particularly in education and health care.
During the economic turndown produced by the coronavirus pandemic, my government invested more than $1 billion to support affected businesses, taking extraordinary measures to keep ordinary Cambodians from sliding back into poverty. We waged an aggressive vaccination campaign, administering over 26 million doses to nearly 90 percent of the country's population—including nearly the entire urban population.
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