PHNOM PENH: Khmer Enterprise has introduced new strategic plan during the 16th Board of Trustees Meeting of Khmer Enterprise to review mid-year progress and achievements.

The meeting took place here on Aug. 7, under the chairmanship of H.E. Hem Vanndy, Minister of Industry, Science, Technology & Innovation, and Chairman of the Board of Trustees of Khmer Enterprise.

The new strategic plan was presented for implementing core programmes and highlighted projects that are aligned with the Pentagonal Strategy Phase I of the Royal Government of Cambodia, said the Ministry of Industry, Science, Technology & Innovation (MISTI).

The new strategic plan aims to promote entrepreneurship across the country with a focus on four sectors: services, agriculture, ICT, and manufacturing, it pointed out.

“Khmer Enterprise has achieved commendable progress in the first half of 2024, yet significant challenges remain ahead. It is crucial for our SMEs to embrace new technologies, access technical skills and formal financial services, and commit to high standards and quality. This will enable them to compete effectively in both local and international markets,” said H.E. Hem Vanndy.

The Board of Trustees expressed its support for Khmer Enterprise to pursue the 2024 plan, which focuses on several key initiatives: expanding entrepreneurship support programmes, enhancing market competitiveness, encouraging SMEs to adopt technology, and broadening the promotion of an entrepreneurial culture throughout Cambodia, MISTI underlined.

According to the same source, as a government trust, Khmer Enterprise plays a crucial role in developing the entrepreneurial ecosystem in Cambodia. It offers resources, training, and support that empower entrepreneurs to transform their ideas into viable businesses and drive expansion. The organisation’s support programmes are designed to enhance capacity, boost competitiveness, and stimulate business growth throughout the country.