Cambodia’s Small & Medium Enterprises Flourish in 2024

• 17 February 2025
• Local News
• 756 Views

In a promising development for Cambodia’s economy, the Ministry of Industry, Science, Technology, and Innovation has reported significant growth in the country’s small and medium enterprises (SMEs) within the industrial sector. As of 2024, nearly 1,300 SMEs have registered, indicating a robust entrepreneurial spirit within the nation.

According to the recent report on the ministry’s accomplishments in 2024 and strategies for 2025, a total of 1,292 small and medium enterprises and handicrafts have been officially registered in the manufacturing sector. The data highlights that last year saw the introduction of 17 new SMEs, alongside 338 businesses registered in information technology nurseries.

The growth is not just limited to manufacturing; the report reveals that 831 businesses registered through capital and provincial departments, with an additional 106 registrations at various administrative levels across the capital, provinces, cities, districts, and khans.

Furthermore, the ministry issued 1,052 operating certificates and renewed 1,338 certificates in 2024, which collectively led to the creation of 25,833 new jobs—an essential contribution to the nation’s livelihood.

As of December 2024, Cambodia’s landscape of small and medium enterprises and handicrafts boasts a total of 43,970 establishments, which includes 8,325 female entrepreneurs. These SMEs employ 476,223 workers, 144,559 of whom are women, underscoring the critical role of these enterprises in promoting gender inclusivity and economic growth.

The ministry’s ongoing commitment to fostering a supportive environment for SMEs marks a pivotal step towards strengthening Cambodia’s industrial foundation and enhancing the overall economic landscape as the nation heads into 2025.

• Business and Market
• Economy and Finance