Cambodia’s women entrepreneurs contribute significantly to economy

The number of women entrepreneurs in the kingdom has steadily increased over the years and currently 60% of enterprises are owned by women.
By: | March 10, 2022

This was revealed by the Cambodian Women Entrepreneurs Association, (CWEA) which said that out of the more than 500,000 entrepreneurs in Cambodia, women account for more than 300,000.

CWEA president Keo Mom said women entrepreneurs play an important role in promoting national economic growth and reducing poverty in Cambodia.

“Women are not weak, and they can do what men do. Not only that, but women entrepreneurs can also use their abilities to better manage the business and contribute to the improvement of family life and society,” said Mom, who is also CEO of Lyly Food Industry.

“In the context of the fourth Industrial Revolution, we are always looking for technology development solutions. We have collaborated with other institutions to encourage women to use online in managing their business. During the COVID-19 crisis, women entrepreneurs face more challenges than men in managing their children, housewives and businesses at the same time,” she added.

READ: 60% of women in Cambodia are business owners

CWEA said that the SMEs now account for 99% of all enterprises in Cambodia.

Meanwhile, Ing Kantha Phavi, Minister of Women’s Affairs, said women have the right to choose what they want to do in their working life according to their preferences, such as study, work as a mother and wife. “Women are not only entitled to March 8 Women’s Day, but by law, they are entitled to up to 365 days a year,” according to Khmer Times.