The policy would diversify the economy, decreasing its dependence on traditional sectors, like garments, tourism and agriculture, and directing foreign direct investment towards agro-businesses, handicrafts and light manufacturing. The policy framework will consist of four pillars: attracting FDI to boost industrial development in the domestic private sector; modernizing small- and medium-sized enterprises (SMEs) and linking […]
Ministry of Industry, Science, Technology and Innovation
Online registration platform for SMEs
The online registration, a means of cutting through bureaucracy, can reduce corruption and ensure transparency. Start-up capital of $3,000 or more would be able to register using the new process, which will take businesses just two to three days to complete. If people go to the ministry instead, starting from handing documents from the ground […]
Green Industry Initiative
MIH has called for companies to investigate alternative, renewable energy sources, which will in turn reduce energy costs, strengthen production capacity and promote value added industries – industries that go beyond producing only raw materials without incurring additional costs. The Green Industry Workshop aims to promote efficient, renewable and clean energy usage among Cambodia’s major […]
Developed Inspection Guidebook
The guidebook is develop to ensure SMEs are clear on the laws regarding government inspections and to help prevent extortion attempts by corrupt inspectors. The guidelines cover a range of inspections, from food hygiene to health and safety. See original documents here and here.
Developed New National Accreditation System
The new system is established to ensure all Cambodia-made products meet ASEAN and international quality standards as the Kingdom prepares for regional integration at the end of the year. MIH needs to make sure that companies and agencies that provide product certification services are equipped to do so and are operating to the highest standards. […]
Promoting SMEs
MIH is in the process of drafting SME Promotion Policy aiming at providing a national-level framework to promote and regulate SMEs as well as spell out a clear tax regime for the sector. The policy aims to provide a clear roadmap for SME development in the Kingdom by creating a national definition of SMEs, simplifying […]