Prime Minister Hun Sen ordered four relevant institutes including Ministry of Industry, Science, Technology and Innovation; Ministry of Labour and Vocational Training; Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC); and Samdech Techo Foundation Association (STFA) to work together to develop, evaluate, and upskill the Kingdom’s handicraft, small-medium-sized enterprises (HEMS). It is believed that the four aforementioned organizations will tackle skills shortages that SMEs are facing, and ascertain where development efforts should be directed given the socio-economic realities that they face. President of FASMEC, Te Taingpor, stated that his federation has provided a whole slew of short-term training courses to members on topics such as business processes and document preparation, as well as customs, duties and other taxes.

Reference: Rann, R. (2023, April 11). PM orders team-up in major SME skills push. Phnom Penh Post. Retrieved from http://https://www.phnompenhpost.com/business/pm-orders-team-major-sme-skills-push