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Empowering Micro-Enterprises for Sustainable Growth

In a bid to bolster the economy, the Cambodian Chamber of Commerce and Micro-Enterprises is spearheading efforts to integrate over a million...

Empowering Micro-Enterprises for Sustainable Growth

In a bid to bolster the economy, the Cambodian Chamber of Commerce and Micro-Enterprises is spearheading efforts to integrate over a million enterprises, formal and informal, into its fold. The focus lies on imparting training and fortifying capabilities to ensure resilience and sustainability in business operations, thus fostering expansion.

At a recent public forum themed "Solutions for Human Resource and Financial Management in the 2024 Economic Situation," Her Excellency Oknha Keo Mom, President of the Cambodian Chamber of Commerce and Industry, emphasized the importance of addressing challenges faced by micro-enterprises.

During the forum, attended by over 450 business stakeholders, three industry experts elucidated strategies to tackle issues related to human resources and financial management. The objectives were threefold: raising awareness, enhancing skills, and sharing vital knowledge for robust business frameworks.

Highlighting the significance of technology integration, Lok Chumteav Oknha Keo Mom urged entrepreneurs to embrace digital advancements. Failure to adapt could result in significant impediments for businesses navigating the contemporary economic landscape.

Acknowledging the digital literacy gap among entrepreneurs, efforts are underway to provide comprehensive training. The focus remains on leveraging technology for communication, commerce, and product promotion, thereby widening market reach and improving product quality.

Esteemed speakers, including Duke Dr. Kouch Mengly and HE Ly Hao, shared invaluable insights during the forum. Topics ranged from initiating successful business ventures to effective human resource and financial management strategies.

Her Excellency Chan Pheary emphasized the fundamentals of establishing enduring business ventures, while HE Ly Hav delved into the mechanics of efficient human resource management. Duke Dr. Kouch Mengly elaborated on sustainable financial management practices.

In conclusion, the concerted efforts of the Cambodian Chamber of Commerce and Micro-Enterprises underscore a commitment to nurturing a thriving business ecosystem. Through targeted training and knowledge dissemination, micro-enterprises are poised to thrive in an increasingly competitive landscape, driving economic growth and prosperity.

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