The key challenges facing SMEs in Cambodia

Vichhey Lim

Master's thesis

Abstract:

Cambodia is a developing country, which locates in Southeast Asia and the 10th member of Association of Southeast Asian Nations - ASEAN, while there are four main sectors grow up national economy such as garment and textile, construction, tourism and agriculture which have contributed to Cambodia’s economy with remarkable growth while national GDP grew by 7.1 % in 2017.The growth of those four main sectors come from healthy and increasing number of enterprise of each sector. There are two main kinds of business enterprise in Cambodia, large firm or factory and Small and Medium size Enterprises (SMEs). SMEs has dominant gradually on total population of enterprise and employment. Small and medium-sized enterprises (SMEs) represent a vital market sector of the economy. SMEs also considerably contribute to the creation of vacancies and GDP. However, Cambodian SMEs still has been facing with many challenges and obstacles such as lack of governance supports, lack of human resources, productions and services and access to finance. In this regard, the thesis would discover the possible solution to over those challenges and obstacles. Especially economic integration of all ASEAN member states, ASEAN Economic Community (AEC) in 2025, there will be more competitions and challenges for Cambodia SMEs because there will be a huge flow of commodities and services from other ASEAN members state will be jumped into Cambodia’s market.Without strong attention and best mechanisms for support and strengthen this sector, SMEs would be vulnerable and that would also affect root of a national economy.

Keywords

Micro, Small and Medium Enterprises, Challenges, Opportunity, Development, Cambodia

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 26. 3. 2018

Obhajoba závěrečné práce

• Vedúci: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / odbor:
Economics and Management / Economics and Management