PHNOM PENH, May 19 (Xinhua) -- Shopping malls have mushroomed in the capital in recent years thanks to the country’s rapid growth of economic development, the Minister of Commerce Cham Prasidh said Thursday.
He said that currently, there have been 18 large shopping malls and dozens of medium and small ones in Phnom Penh.
“They are almost everywhere in the city now,” he said during inaugurating a six-storey mall in Phnom Penh’s Meanchey district.
“More and more people have chosen to do shopping in modern markets and afforded to buy good quality products,” he said. “This shows the progress of the economic development and the improving cost of living of Cambodian people.”
Cambodia is one of the poorest countries in the world and there is a wide gap between the rich and the poor.
The government’s report showed the country’s poverty line rate has declined from 35 percent in 2004 to 27.4 percent in 2010.
The poverty line rates in Cambodia are defined by an income of less than 1.25 U.S. dollars a day. (Nguon Sovan)
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