Logo of Phnom Penh Post newspaper Phnom Penh Post - Small biz: Competition could hurt SME future

Small biz: Competition could hurt SME future

Small biz: Competition could hurt SME future

Due to a lack of awareness and human resources, small and medium enterprise owners could suffer from competition as ASEAN moves toward economic integration, industry insiders say.

Chan Virath, an organiser of a career forum over the weekend, said that most small and medium enterprises, or SMEs, in Cambodia still lack business strategies.

“Even though we have tried to call and invite them to join the event, nobody was interested in the program,” Virath said. “Most of them are family operated and do not understand the advantage of an enhanced brand or recruiting quality human resource.”

SMEs are playing increasingly important role in Cambodia as engines of economic growth. Nguon Meng Tech, director general of the Cambodian Chamber of Commerce, said that SMEs also provide job opportunities for low-cost workers.

SMEs operate almost entirely in the unregistered, informal sector, according to the Federation of Association of Small and Medium Enterprises of Cambodia.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,