Economy and commerce

Small and medium enterprises SME

Cambodia’s economy to grow at 6.5% average rate, PM says

Prime Minister Hun Manet yesterday said that the Royal Government of Cambodia (RGC) is optimistic about achieving an average annual economic growth of 6.5 percent for the next decade. To realise this goal, he emphasised that the target can only be met through specific, direct, ...

Nhean Chamrong
https://www.khmertimeskh.com/501648839/cambodias-economy-to-grow-at-6-5-average-rate-pm-says/

MISTI launches CEII to enhance enterprise innovation

The Ministry of Industry, Science, Technology and Innovation (MISTI) yesterday unveiled the Cambodia Enterprise Innovation Index (CEII) Guidelines, a strategic initiative designed to boost enterprise innovation and competitiveness.   ...

Chea Vanyuth
https://www.khmertimeskh.com/501648216/misti-launches-ceii-to-enhance-enterprise-innovation/

Premier says OVOP increased citizens’ incomes, reduced poverty

Prime Minister Hun Manet Saturday said that the One Village One Product (OVOP) movement has played a major role in increasing incomes, revitalizing rural economic activities, reducing poverty, curbing migration, and strengthening community ownership.   ...

Sum Manet
https://www.khmertimeskh.com/501648220/premier-says-ovop-increased-citizens-incomes-reduced-poverty/

CCIED accelerates informal economy onboarding efforts

The Coordinating Committee on Informal Economy Development (CCIED) in partnership with the Battambang Provincial Administration has intensified efforts to integrate informal workers into the formal sector.   ...

Sum Manet
https://www.khmertimeskh.com/501644754/cied-accelerates-informal-economy-onboarding-efforts/

Entrepreneurs, producers urged to improve product quality

The Cambodian Chamber of Commerce (CCC) Wednesday urged entrepreneurs to better understand the use of standard labels for products and production systems to boost competitiveness in both domestic and international markets. ...

Chea Vanyuth
https://www.khmertimeskh.com/501642906/entrepreneurs-producers-urged-to-improve-product-quality/

New incubation programme backs green start-ups

Cambodia’s rapidly growing startup ecosystem has received a boost thanks to the introduction of the Digital & Green Innovation Accelerator (DGIx) Cambodia, a nine-month initiative aimed at propelling startups using digital and tech-enabled solutions for environmental sustainability. ...

Hong Raksmey
https://www.phnompenhpost.com/national/new-incubation-programme-backs-green-start-ups

Improving local production, expanding markets key to economic growth, MoC says

The Ministry of Commerce (MoC) Thursday encouraged small and medium-sized enterprises as well as domestic manufacturers to produce products that meet market demand and are competitive to replace certain imported goods.   ...

Mom Kunthea
https://www.khmertimeskh.com/501640270/improving-local-production-expanding-markets-key-to-economic-growth-moc-says/

Chinese investors urged to explore Cambodia’s agricultural sector

The Council for the Development of Cambodia (CDC) yesterday encouraged Chinese investors to explore opportunities in establishing a production chain within the agricultural sector, particularly in cashew processing as this initiative is led by Prime Minister Hun Manet.   ...

Mom Kunthea
https://www.khmertimeskh.com/501640827/chinese-investors-urged-to-explore-cambodias-agricultural-sector/

Informal businesses registration surpasses 11K, MISTI says

As of February 11, the Informal Economy Onboarding Platform has received 11,447 applications from informal businesses, a majority of which are from Phnom Penh, according to a report from the Ministry of Industry, Science, Technology & Innovation (MISTI) on Wednesday. ...

Sum Manet
https://www.khmertimeskh.com/501639140/informal-businesses-registration-surpasses-11k-misti-says/

SMEs registered formally reach nearly 44,000 in 2024

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered 1,292 new small and medium enterprise (SMEs) in 2024, bringing the formally registered SMEs to 43,970 as of last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501638580/smes-registered-formally-reach-nearly-44000-in-2024/

Local products soon to be on PTT gas stations’ shelves

The Ministry of Commerce and PTT (Cambodia) are collaborating to promote Cambodian products through displaying for sale at PTT gas stations’ Café Amazon branches and convenience stores across 19 capital/provinces.   ...

Chea Vanyuth
https://www.khmertimeskh.com/501636599/local-products-soon-to-be-on-ptt-gas-stations-shelves/

CDC to simplify business registration to lure investment

The Council for the Development of Cambodia (CDC) is in the process of improving the ease of doing business in Cambodia aimed at attracting foreign investment as companies are likely to switch locations amid trade war pressure, said Sun Chanthol, Deputy Prime Minister and First ...

Chea Vanyuth
https://www.khmertimeskh.com/501635801/cdc-to-simplify-business-registration-to-lure-investment/

Govt financing boosts rice production to 13 million tonnes

The Royal Government’s financing to stabilize agricultural prices and support farmers’ livelihoods has been highly effective, increasing rice production from 9 million tonnes in 2016 to over 13 million tonnes in 2024, according to Kao Thach, the Royal Government Delegate in Charge and CEO of ...

Sum Manet
https://www.khmertimeskh.com/501635205/govt-financing-boosts-rice-production-to-13-million-tonnes/

Ministry of Post warns about AI-driven online scam

The Ministry of Post and Telecommunications has raised an alert about the rampant use of artificial intelligence (AI) in online scams, highlighting the growing global concern surrounding cyber fraud. ...

Hang Punreay
https://www.khmertimeskh.com/501634560/ministry-of-post-warns-about-ai-driven-online-scam/

Agricultural products see remarkable surge in exports

Cambodia saw a significant surge in the export of potential agricultural products in 2024, an official report from the Ministry of Commerce showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501633884/agricultural-products-see-remarkable-surge-in-exports/

Small business loans on rise as economy gains momentum

Cambodia’s small business sector is showing renewed signs of recovery, with small business loan applications increasing by 5.7% in the fourth quarter of 2024, according to the latest report from Credit Bureau Cambodia (CBC). ...

Hong Raksmey
https://www.phnompenhpost.com/business/small-business-loans-on-rise-as-economy-gains-momentum

Philippines Women’s Business Council keen to invest in Cambodia

Prime Minister Hun Manet yesterday lauded the role of women in the business sector, saying the country’s socio-economic development can only advance with their active participation in multiple sectors to ensure and foster the drive of national economic growth. ...

Mom Kunthea
https://www.khmertimeskh.com/501627924/philippines-womens-business-council-keen-to-invest-in-cambodia/#google_vignette

Campaign to register informal economy workers launched

Ministry of Industry, Science, Technology and Innovation (MISTI) and Phnom Penh Municipal Hall Monday organized a ‘Campaign to promote and register informal economic workers’ to enhance participation in supply chains, create added value in national economic activities and reduce poverty and social inequality.   ...

Mom Kunthea
https://www.khmertimeskh.com/501627251/campaign-to-register-informal-economy-workers-launched/

Phnom Penh’s informal economy on​​boarding campaign paves path for national expansion

The Coordinating Committee on Informal Economy Development (CCIED), in collaboration with the Phnom Penh Municipal Administration, co-organise an outreach campaign with 1,500 members of Phnom Penh’s informal economy on January 20.​ ...

Khmer Times Staff
https://shorturl.at/ZfLWk

CCIED to set up M&E framework for informal economy

The Coordinating Committee for Informal Economy Development (CCIED), in collaboration with the UNDP, ILO, and the Cambodia-Australia Partnership for Resilient Economic Development (CAPRED), Monday organized a consultation workshop to establish a Monitoring and Evaluation (M&E) Framework for the National Strategy for Informal Economy Development 2023-2028. ...

Sum Manet
https://shorturl.at/dktl5

Govt urges MSMEs to register for access to support programs

The Royal Government through the Ministry of Industry, Technology, Science, and Innovation (MITSI) has encouraged micro, small, and medium-sized enterprises (MSMEs) to formally register with relevant authorities to access the government’s support program.​   ...

Chea Vanyuth
https://www.khmertimeskh.com/501618277/govt-urges-msmes-to-register-for-access-to-support-programs/

Cashew nut exports surge to 850,000 tonnes in 2024

Despite strong export growth and a $1.15 billion revenue increase, Vietnam remains the largest market for exporting raw cashew nuts; this is due to challenges in domestic processing and infrastructure, particularly drying fields, that can hinder Cambodia’s potential to become a global leader in the ...

Thang Sinorn
https://kiripost.com/stories/cashew-nut-exports-surge-to-850000-tonnes-in-2024?fbclid=IwZXh0bgNhZW0CMTEAAR1x58xaPcp_cHqaDoQnslstaeZp4sG3iJcMnrKnAX087z_BSvvBvU_F9z8_aem_C85xlJrvIKpTaYCWeMjXgw

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