On June 27, 2024, SME Bank of Cambodia and The General Department of SMEs and Handicrafts of the Ministry of Industry, Science, Technology and Innovation (MISTI) signed a Memorandum of Understanding (MoU). The MoU aims to enhance access to finance for SMEs and support this sector in Cambodia, contributing to the country’s economic growth and development.

The MoU was signed during the First National Day of Micro, Small and Medium Enterprises (MSME Day 2024), under the theme ‘Better MSME Ecosystem for Better Growth’. The signing ceremony was witnessed and presided over by H.E. HEM Vanndy, Minister of Industry, Science, Technology & Innovation, H.E Dr. PHAN Phalla, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of Directors of SME Bank of Cambodia, and other esteemed officials.

Through this MoU, an important step has been taken toward promoting the sustainability, resilience, and inclusiveness of SMEs within Cambodia’s economic and social fabric. Both parties will collaborate to raise awareness about financing and compliance procedures for SMEs.