The Ministry of Labour and Vocational Training says that up to 10.2 million people will have jobs in Cambodia by 2026. This is based on average annual job growth rates of 2.5%.
Furthermore, a recent ministry estimate predicts 6.6% economic growth and over 220,000 job creation by 2024. This is 2.3% higher than last year. From 2024 to 2026, 235,000 jobs could be created annually, totaling 10.2 million by 2026. This is a 2.5% annual increase.
Tourism, hospitality, building, industry, retail, transportation, telecommunications, and manufacturing are predicted to expand fastest. Moreover, people will demand skilled manufacturing and customer service jobs.
In addition, employers are seeking to hire people who can speak English and Chinese well, in addition to people who are good at technology, communication, running a business, and helping customers.
Heng Sour, Cambodia’s Labour and Vocational Training Minister, proposed a ten-point plan to boost employment. The plan includes improving current and recent graduates’ skills to be hired.
Hong Vanak, an economist at the Royal Academy of Cambodia, said that this promise of more jobs is likely to come true if economic growth happens as planned. In a world economy that is unclear, this would depend on flexible planning at the highest levels.
“The state of the world economy is not certain.” What we can do is get stronger and be ready to change our minds. Vanak warned, “We will need to be flexible and ready to deal with changes.” Lastly, the Phnom Penh Post claimed that he told students to focus on getting skills that employers would want and told them to use the vocational training that the Cambodian government offers.
