VEUNG Naron, SEAN Chanmony
2023
Improving the Business Environment in Cambodia
In 2020, Cambodia experienced a negative growth rate for the first time in two decades. As a country susceptible to small changes in the global economy, it grew increasingly obvious that Cambodian businesses need a more solid foundation to grow and diversify. Most businesses in Cambodia are small and medium enterprises (SMEs) but they significantly contribute to the country’s employment, domestic economy and poverty reduction. However, SMEs are encountering several major challenges including informality of operation, limited access to finance, […]