Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012

1 January 2013
Xinhuanet News
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The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom Sihanouk in October. “In general, we can say that 2012 is a successful and proud year for Cambodia. The country sees full political stability and security and the economy grows very well,” Phay Siphan, spokesman for the Council of Ministers, told Xinhua in an exclusive interview. … “Both Chinese President Hu Jintao and Premier Wen Jiabao had visited Cambodia,” he said, recalling that during Hu’s visit to Phnom Penh at the end of March 2012, the two countries agreed to boost annual bilateral trade volume to 5 billion U.S. dollars by 2017. … ECONOMIC MOMENTUM GAINING Besides success in politics, Phay Siphan said, on the economic side, the country could achieve a sustainable economic growth of around 7 percent for 2012, one of the fastest in the region. …

http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm