The Ministry of Industry, Science, Technology and Innovation plans to launch KhmerSME by the end of this year. The new website is designed to provide small and medium-sized enterprises (SMEs) with access to comprehensive business information, as well as ASEAN and global markets.
The site plans coincide with the ASEAN Access Small and Medium Enterprises website, launched on June 16 to serve the ASEAN region.
The director general of the Ministry of Small and Medium Enterprises and Handicrafts Chhea Layhy compared KhmerSME to a national information site for SMEs in the Kingdom.
He told The Post: “The establishment of the KhmerSME website aims to address the challenges of small and medium-sized businesses in Cambodia. We found that they did not have access to commercial information.
He said the website would be used as the “primary venue” for providing information to Cambodian business owners, and invited the public to visit the Telegram groups @tme and @msmeskh to keep up to date with the latest information.
“As a first step, we won’t be able to sell products on the website yet, only to provide information to business owners. If they want to look for information related to markets, financing, technology transfer, import-export, start-ups, they can find the information on this site, ”he said.
Thaung Thyda, Managing Director of Kampot-Kep Salt Processing Company, Thaung Trading Co Ltd, praised the website, stressing that it would help all entrepreneurs, especially women, who need to strengthen and improve their capabilities for emerging markets.
“We have seen some of the challenges of entrepreneurship, involving our supply and value chains, especially in the transition to a more competitive market, so this will be a great opportunity for everyone to learn more”, she declared.
Layhy said KhmerSME would be linked to the ASEAN Access website to support the start-up and business development of Cambodian micro, small and medium enterprises.
“ASEAN Access provides comprehensive information on trade and market access in ASEAN and other parts of the world,” he said.
Through ASEAN Access, SMEs can learn about trade-related events, new products, and business and partnership opportunities, as well as get the latest information on business and trade in the region of ASEAN.
ASEAN Access is supported by the project “Strengthening structures for the promotion of small and medium-sized enterprises in ASEAN”, which is supported by the German Federal Ministry for Economic Cooperation and Development, and implemented by the German organization Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ).
At the end of 2019, there were 52,154 officially registered SMEs in the Kingdom, with 824,245 employees, according to the latest figures from the Ministry of Industry.