Phnom penh: Prime Minister Samdech Moha Borvor Thipadei Hun Manet has reaffirmed the Royal Government's continued commitment to supporting small and medium-sized enterprises (SMEs), acknowledging their crucial role in Cambodia's development.
According to Agence Kampuchea Presse, the Prime Minister emphasized the importance of SMEs during a get-together and solidarity dinner with around 5,000 SME representatives from across the country. The event was held on the occasion of the 2nd National Day of Micro, Small and Medium Enterprises (MSMEs) at the Koh Pich Convention and Exhibition Centre in Phnom Penh. He highlighted that SMEs are integral to economic activities, job creation, income generation, and the promotion of both national and social economic development in Cambodia.
Samdech Thipadei Hun Manet stressed the essential role SMEs will play as Cambodia approaches its goal of graduating from Least Developed Country (LDC) status by 2029. He pointed out that this achievement would require substantial contributions from the SME sector.
He further encouraged SMEs to diversify their activities and integrate into national and regional supply chains. The Royal Government, he stated, has been actively working to facilitate business registration and create a conducive environment for the expansion of SMEs.
Oknha Te Taing Por, President of the Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC), expressed gratitude on behalf of the SME community for the government's ongoing support and efforts to promote the sector.