Phnom Penh: His Excellency Dr. Aun Porn Moniroth, Deputy Prime Minister, emphasized that in support SMEs and solving the challenges of SMEs need to be coordinated and addressed systematically and in a spirit of active inter-ministerial cooperation so that SMEs can Enough to contribute to economic growth, create jobs and real income for the people, meet local needs as well as enhance economic potential.

His Excellency Dr. Aun Porn Moniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Policy Action Committee for the Promotion of Small and Medium Enterprises The first meeting of the Small and Medium Enterprises Policy Action Committee Meeting was convened with the participation of His Excellency Lok Chumteav, Minister and leaders of relevant ministries and institutions who are members of the Committee to review and approve the proposed measures to promote small and medium enterprises (Small and Medium Enterprises – SMEs) for emergency, short and medium term, this morning, July 14, 2020, at the Ministry of Economy and Finance.

His Excellency Phan Phalla, Secretary of State of the Ministry of Economy and Finance and Secretary-General of the General Secretariat of the Economic and Financial Policy Committee (NRPC) reported. Present the research results by highlighting the structural and ecological challenges related to: 1. Compliance with compliance, inconsistent implementation of regulations between relevant ministries and institutions and limited availability of services Support business, 2. The ability of SMEs to manage production, business and financial techniques is still low; Access to finance remains wide.



The meeting discussed and agreed in principle on measures to promote SMEs, which should be organized in two stages: First. Urgent measures focus on: a. Reducing and facilitating compliance burden for small and medium enterprises,. B. Examining the feasibility of providing support services such as business consulting, legal and legal consulting services, registration, accounting, marketing and technical and c. Supporting financing for SMEs through the Cambodian Small and Medium Enterprise Bank and the Rural Development and Agriculture Bank. Second. Short-term and medium-term measures focus on: ecological support, including the continuation of regulatory and implementation framework reform, the promotion of business support services , Financial support, market promotion for SMEs, promotion and promotion of human resources and R&D, and promotion of entrepreneurial mindset.

His Excellency Dr. Aun Porn Moniroth, Deputy Prime Minister and Chairman of the Meeting, emphasized that in order to support SMEs and address the challenges of SMEs, coordination and solution are needed. Systematically and actively contribute to inter-ministerial activities so that SMEs can afford to contribute to economic growth, job creation and real income To the people, meet local needs as well as enhance economic potential.
In order to ensure the effectiveness of implementation, it is necessary to conduct specific studies through defining the definition, scope (scope) as well as the turnover of SMEs, feasibility Assist financially, prepare cellular legal standards, as well as develop indicators, measure and monitor inter-sectoral and institutional implementation.

His Excellency Dr. Deputy Prime Minister also thanked His Excellency, Lok Chumteav, Minister and leaders of relevant ministries and institutions and highly appreciated the team. Strive to provide additional input and have a strong will to participate in solving challenges for the promotion of SMEs in Cambodia. By: Kolap