MISTI Registers 1,900 Factories & 43,000 SMEs in Last Five Years

• Sommana Yan
• 11 August 2022
• Uncategorized
• 2452 Views

During the last five years, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 1,947 factories, creating 1,044,226 jobs, according to MISTI Secretary of State HE Heng SoKong on 11 August.

Cambodia currently has 13 industrial parks with 85 factories. Those parks have a total investment of US$403 million and created 62,626 jobs.

Meanwhile, in the last five years, MISTI has also registered 43,813 SMEs in the manufacturing sector, creating 442,838 jobs which increased by 4,423 SMEs compared to the last five years.

103 SMEs have been registered and created 1,412 jobs in the first seven months of 2022.

In 2025, the industrial sector is expected to contribute 30% of gross domestic product (GDP).

MISTI has already completed the draft of the sub-decree on SME clusters, aiming to promote small and medium enterprises, which are the backbone of the national economy.