Khmer Enterprise, a unit under the Ministry of Economy and Finance, has recently launched the second cohort of its Export Market Development Grant (EMDG) programme to provide further benefit to the small and medium sized enterprises.
The programme started from the Cohort 1 of EMDG which ran from March to July 2022. During Cohort 1, the programme received nearly 90 applications from different sectors with more than 50 applications from agriculture, 26 applications from manufacturing, and 8 applications from services sectors.
The programme is solely funded by Khmer Enterprise and co-designed and managed by Emerging Markets Consulting (EMC).
With the feedback from SMEs in Cohort 1, EMDG Cohort 2 is designed to provide further benefits to SMEs to develop their export markets with a more simplified and streamlined application process.
Expanding international market access for local SMEs is one of Khmer Enterprise’s strategic initiatives to align with Royal Government of Cambodia’s post-Covid economic recovery, Dr Chhieng Vanmunin, CEO of Khmer Enterprise, said.
“With Cambodia’s recent opening from travel restrictions in recent months along with other countries across the globe, this programme is uniquely positioned for SMEs to be incentivised in developing new export markets,” said Dr Chhieng Vanmunin.
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Author: AKP- Chea Vannak
Source: Khmer Times
Publication date: 24 August 2022