Tag: small and medium business
In the bustling local marketplace, Abode stands out not only for its unwavering commitment to quality and sustainability but also for its exemplary leadership. This woman-led business thrives by fostering local employment, embracing eco-friendly practices, and garnering support from the community. Here’s an inside look at how Abode is driving positive change and overcoming obstacles […]
World MSME Day is celebrated annually on June 27th to honor the crucial role of micro, small, and medium enterprises (MSMEs) in driving economic growth and sustainable development. MSMEs account for up to 90% of businesses, 60% to 70% of employment, and half of global GDP. This year’s celebration, themed “Building a Stronger Future Together,” […]
The digitalization of Small and Medium Enterprises (SMEs) in Cambodia is crucial for their growth and competitiveness in the global market. For Cambodia to attain upper-middle-income status by 2030 and high-income status by 2050, it is crucial to prioritize the integration of digital technology into all the businesses. The following explores the overall benefits of […]
The Economic Census of Cambodia 2022 conducted by National Institute of Statistics under the Ministry of Planning, has provided comprehensive insights into the dynamics of the country’s business environment with a particular focus on the growing influence of women entrepreneurs in shaping the socio-economic landscape. This analysis explores the pivotal role women-led businesses play in […]
As Cambodia progresses as a developing nation, small and medium enterprises (SMEs) take a prominent role in the growth and success of the country. With more government and financial support, entrepreneurs and artisans of all kinds have a greater opportunity than ever before to make their mark on the economy. SMEs represent a large portion […]
Small and medium enterprises (SMEs) are integral to Cambodia’s economy, comprising 99% of all businesses and are an engine for Cambodia’s growth. Despite their importance, many SMEs face challenges accessing affordable financial services, limiting their growth potential and overall contribution to Cambodia’s economic development. Recent initiatives led by institutions like SME Bank of Cambodia, coupled […]
Some of the key Challenges faced by the SMEs in Cambodia. Operating a small or medium-sized enterprise (SME) in Cambodia presents a variety of challenges that can hinder growth and sustainability. One of the primary challenges faced by small and medium-sized enterprises (SMEs) is accessing financing. Many banks hesitate to provide loans to SMEs due […]