Phnom penh: Samdech Maha Rathsapheathika Thipadei Khuon Sudary, President of the National Assembly of Cambodia, received a delegation from the Federation of Associations for SMEs of Cambodia (FASMEC), led by Oknha Te Taing Por, Chairman of the Board of the Techo Foundation for SME Development in Cambodia and President of FASMEC.
According to Agence Kampuchea Presse, the meeting took place ahead of the 9th National Day for the Promotion of Cambodian Products, scheduled for April 9 under the theme 'Khmer Produce, Khmer Use, Khmer Prosper.' This event underscores the role of SME associations in connecting local products to markets and fortifying domestic production.
During the meeting, Samdech commended the efforts of the Techo Foundation for SME Development in Cambodia and FASMEC in augmenting domestic production capacity, both in quantity and quality. This initiative helps reduce reliance on imports and promote the sustainability of locally produced goods. National campaigns such as 'Khmer Can Do,' 'Khmer Support Khmer,' and 'Made in Cambodia' were highlighted as pivotal in supporting import substitution and ensuring the resilience of Cambodia's MSME sector.
Describing micro, small, and medium enterprises (MSMEs) as a 'strong backbone' of the national economy, Samdech noted the existence of approximately 750,000 establishments nationwide, providing employment to nearly 3 million people and serving as a crucial engine of economic growth.
Samdech further highlighted a structural shift in Cambodia's economy, with the industry transitioning from labor-intensive production to more skills- and technology-driven sectors, aligning with the country's long-term digital transformation agenda. Successive Cambodian governments, from Samdech Techo Hun Sen to the current Prime Minister Samdech Thipadei Hun Manet, have consistently prioritized SME development as a central pillar of economic policy.
She encouraged FASMEC to continue advancing innovation, capacity-building, and digital transformation to enhance competitiveness. Additionally, Samdech emphasized that SMEs should integrate digital technologies into their operations to adapt effectively to the evolving technological landscape.
Samdech also called for greater efforts and increased investment in building supportive ecosystems to enable MSMEs to innovate, scale up, and remain competitive. The broader role of SME associations was underscored, noting that they not only represent the interests of entrepreneurs but also serve as ambassadors of Cambodian products on the international stage.
Oknha Te Taing Por expressed appreciation for the opportunity to meet with the National Assembly President and briefed her on FASMEC's progress and initiatives to support SMEs. Samdech encouraged continued engagement between SME representatives and relevant National Assembly commissions to explore additional policy measures and practical mechanisms to support business growth.
Addressing current global and regional challenges, Samdech said geopolitical tensions and energy market volatility continue to affect economic activities, including SMEs. However, she noted that such challenges present opportunities for Cambodia to strengthen domestic production, enhance economic resilience, and reduce external dependence.
Samdech reaffirmed that strengthening SMEs is essential for safeguarding economic security and ensuring stable domestic supply. Improving product quality to meet international standards will be key to boosting Cambodia's competitiveness in regional and global markets.