Cambodia Launches MSME Development Strategy, Calling Them the 'Backbone of the National Economy'
Cambodian Prime Minister Hun Manet has launched the National MSME Development Strategy for 2026-2030, identifying Micro, Small, and Medium Enterprises (MSMEs) as the 'backbone of the national economy.' The strategy aims to create jobs, increase household income, boost domestic production, and strengthen economic resilience.
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Cambodian Prime Minister Hun Manet has identified Micro, Small, and Medium Enterprises (MSMEs) as the 'backbone' of the national economy and launched a national strategy for their development from 2026-2030. He emphasized their crucial role in job creation, household income, and domestic production. According to the 2022 economic census, MSMEs constitute the majority of businesses in Cambodia, providing employment to approximately 2.98 million people.
- Cambodia Launches National Strategy for MSME Development 2026-2030
Cambodian Prime Minister Hun Manet has launched the National Strategy for Micro, Small, and Medium Enterprises (MSMEs) Development for 2026-2030. This strategy aims to achieve Cambodia's 2050 vision by fostering the growth of MSMEs, which constitute 63% of the Cambodian economy and create over 70% of employment. The strategy was developed through public-private collaboration, led by the Ministry of Industry, Science, Technology, and Innovation, and the Ministry of Economy and Finance.