law

The National Assembly of Cambodia on Monday adopted a draft Law on Rent Control with the aim of protecting workers and students from the longstanding problem of housing price hikes.

lawSome 102 out of 104 lawmakers, who were present during the parliamentary session, approved the draft law, which comprises 4 chapters with 11 articles.

The draft law particularly aims to control rental prices for garment workers, which have undergone surges since the garment sector’s monthly minimum wage was raised to 128 U.S. dollars in January.

“This important legislation will be a legal instrument that gives opportunities to boost the implementation of the national policy on housing and contribute to attracting private investments to build rental houses with decent rental prices,” said Pen Panha, chairman of the National Assembly’s Commission on Legislation and Justice.

Initiated by Cambodian Prime Minister Hun Sen and opposition leader Sam Rainsy in February, the draft law will be sent to the Senate for a final review before submitting to King Norodom Sihamoni for promulgation.

Garment and footwear industry, the kingdom’s largest foreign currency earner, comprises 1,087 factories with some 700,000 workers, according to the labor ministry. The sector exported products in equivalent to 6.2 billion U.S. dollars last year, accounting for 80.5 percent of the country’s total export. Enditem

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