“Therefore, it is imperative that we act to support SMEs. To fully realise their full potential, we must focus on transforming the characteristics of the informal sector into the formal. He noted that Khmer Enterprise (KE), which operates under the finance ministry, continues to support SMEs in becoming competitive in both domestic and international markets. We require time to establish a proper classification for SMEs and to encourage informal [ones] to transition into the formal sector. According to a report from the industry ministry, by the end of 2023, there were a total of 44,628 SMEs in the Kingdom.

Source: Daily Nation February 26, 2024 02:48 UTC