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The objective and strategy-oriented development goal of Phnom Penh urbanization aim to:
- Orient land usage and ensure the existing potential value of the Phnom Penh capital city in sustainable, efficient and equitable ways, in order to support the socio-economic development, ensure food security, pulchritude and environmental quality.
- Orient the development with equality, equity and correspondence between Phnom Penh capital city, city, provinces of the country and other states’ cities.
Cambodia, Myanmar, Thailand, Vietnam
East–Southeast Asia is currently one of the fastest urbanizing regions in the world, with countries such as China climbing from 20 to 50% urbanized in just a few decades. By 2050, these countries are projected to add 1 billion people, with 90% of that growth occurring in cities.
Affordable housing will be instrumental
to helping Vietnam achieve its goals for increasing
productivity and inclusive urban growth. Since Doi Moi, the
country has experienced impressive economic growth, averaged
at 7.4 percent per annum from 1990 to 2008, lowering to an
average of 6 percent per annum from 2007 to 2013. Strong
economic growth has supported a substantial reduction in
poverty, from 58 percent in 1993 to 17 percent in 20121.
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