Pentagonal Strategy - Phase I for Growth, Employment, Equity, Efficiency, and Sustainability: Building the Foundation towards Realizing the Cambodia Vision 2050.

This Pentagonal Strategy - Phase I for Growth, Employment, Equity, Efficiency, and Sustainability: Building the Foundation towards Realizing the Cambodia Vision 2050 is a multi-sectoral policy document at the national level. The Pentagonal Strategy is the successor of the Four-Phase Rectangular Strategy of the Royal Government of Cambodia. The Strategy continues to focus on ensuring performance efficiency through the implementation of the analogical approach related to good governance. The Pentagonal Strategy-Phase I adopts five key priorities, namely People, Road, Water, Electricity, and Technology.
Here, technology refers especially to digital technology to address the 4th Industrial Revolution and accelerate the digital transforn1ation of Cambodia's econon1y and society, as well as to meet the needs for enhancing economic productivity. The Strategy's primary objectives are to maintain the momentum of peace, econon1ic growth, and development, while establishing the foundation to accelerate development of the country through building resilience in five priority sectors: public sector, economic sector, financial sector, human and social capital sector, and environmental sector and response to climate change.
In terms of Pentagon 1: Human Capital Development, the Strategy focuses on five priorities: I) enhanccn1ent of quality of education, sports, science, and technology; 2) technical skills training; 3) improvements of people's health and well-being; 4) strengthening of social protection system and food system; and 5) strengthening of quality of citizenship of a highly civilized society with morality, equity, and inclusiveness. Regarding to the Pentagon 2: Economic Diversification and Competitiveness Enhancen1ent, the Strategy focuses on the five priorities: I) development of key sectors and new sources of economic growth; 2) enhancement of connectivity and efficiency in transport and logistics, energy, water supply and digital sectors; 3) improvements of business and investment environment; 4) strengthening of efficiency and attractiveness of special economic zones (SEZs), including industrial parks, agro-industrial parks, and domestic free-trade zones; and 5) innovation of financing mechanisms and financial products to support investment.
In terms of the Pentagon 3: Developn1ent of Private Sector and En1ploy1nent, the Strategy focuses on five priorities as follows: l) development of labor market; 2) promotion of micro, small, and medium enterprises, startups, entrepreneurship and development of informal economy; 3) strengthening of public-private partnerships; 4) promotion of competition; and 5) strengthening of banking system and nonbanking financial sector. For Pentagon 4: Resilient, Sustainable and Inclusive Development, the Strategy focuses on five priorities: 1) optimization of demographic dividends, strengthening of demographic resilience and promotion of gender equality; 2) sustainable management of natural resources, cultural heritages, and tourism; 3) promotion of agriculture and rural development; 4) strengthening of urban management and modernization; and 5) ensuring environmental sustainability and readiness for responding to climate change as well as promotion of a green economy.
For Pentagon 5: Development of Digital Economy and Society, the Strategy focuses on the five priorities: l) building digital government and digital citizens; 2) development of digital economy, digital business, e-commerce, and digital innovation system; 3) building and development of digital infrastructures; 4) trustworthiness building in digital system; and 5) development of financial technology.