Growing Vehicle Sector Revolutionizes Cambodia's Economy

In a groundbreaking event hosted at the Premier Center Sen Sok, the Ministry of Public Works and Transport (MPWT) unveiled staggering statis...

In a groundbreaking event hosted at the Premier Center Sen Sok, the Ministry of Public Works and Transport (MPWT) unveiled staggering statistics indicating an 11.3% surge in the nation's vehicle utilization over the past five years. This exponential growth is predominantly attributed to the burgeoning popularity of both Internal Combustion Engine (ICT) vehicles and Electric Vehicles (EVs), as revealed by MPWT officials.

During the inauguration of GTV Motor Co Ltd, a notable collaboration spearheaded by Pov Maly, Secretary of State of MPWT, and Heng Sokkung, Secretary of State of the Ministry of Industry, Science, Technology and Innovation (MISTI), the momentum of Cambodia's automotive industry shift became palpable. Notably, Maly emphasized the transformative impact of GTV Motor's Khmer-named car models, heralding a new era of national pride and job creation within the local market.

Addressing the gathering, Maly underscored the paradigm shift from a mere importer of vehicles to a burgeoning automotive hub, akin to neighboring ASEAN nations. This evolution, marked by the establishment of vehicle manufacturing plants, not only fulfills domestic demand but also propels the nation towards industrial prominence, aligning with Cambodia's developmental roadmap set forth by the Royal Government.

Highlighting the government's steadfast commitment to fostering economic growth, Maly elucidated the pivotal role of the automotive and electronic sectors in catalyzing sustainable development. Through strategic partnerships with private entities, Cambodia aspires to seamlessly integrate into regional value chains, thereby revitalizing its economic landscape.

In a testimonial to Cambodia's industrial prowess, Dr. Khun Chantha, President and CEO of GTV Motor, lauded the company's milestone achievement as the nation's premier personal car brand. With a dual focus on domestic market saturation and international exports, GTV Motor aims to invigorate the national economy while spearheading innovations in the automotive realm.

Amidst soaring aspirations and tangible achievements, Cambodia's automotive sector emerges as the linchpin of its economic resurgence. Propelled by visionary leadership and strategic collaborations, the nation strides confidently toward a future defined by industrial prowess and global acclaim. With GTV Motor leading the charge, the horizon beckons with promise, heralding a new chapter in Cambodia's storied history of innovation and progress.