SMEs to generate at least 1 million more jobs

PHNOM PENH: Cambodian Prime Minister Samdech Techo Hun Sen expressed his hope that SMEs will further absorb at least 1 million workforces as the Royal Government is preparing to provide scholarships to 1.5 million students for vocational training.

While presiding over a get-together and solidarity dinner with more than 5,000 SMEs and handicraft representatives at Koh Pich Convention and Exhibition Centre in Phnom Penh this afternoon, Samdech Techo Hun Sen said SMEs play a key role in job creation in Cambodia.

At the same time, the Premier urged the Ministry of Industry, Science, Technology and Innovation to work with the Ministry of Commerce, the Federation of Associations of Small and Medium Enterprises of Cambodia (Fasmec), and the Samdech Techo Foundation Association for the Development of Small and Medium Enterprises in Cambodia on capacity building of entrepreneurs.

Samdech Techo Hun Sen also encouraged SME entrepreneurs to increase their capacity and enhance their competitiveness.

Cambodia’s economy is expected to grow by 6.6 percent in 2023, up from 5.5 percent last year, according to Samdech Techo Hun Sen, Cambodian Prime Minister, on March 22, 2023.

Cambodia has carefully pursued macroeconomic policies, stabilizing the economy, and promoting economic diversification, competitiveness, domestic production, and consumption.


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