100 and twenty 5 small and medium enterprises (SMEs) will obtain grants and coaching in e-commerce via an funding of $500,000 funding from Cambodia’s ministry of commerce, the Enhanced Built-in Framework (EIF) and the UN Growth Programme (UNDP). The funds will gasoline an modern six-month incubation and coaching initiative and small grants programme to assist SMEs shift on-line.
A brand new on-line market is being developed by the ministry. A quota is reserved for companies owned by ladies and companies primarily based outdoors Phnom Penh.
This joint initiative will kind one of many key parts of Cambodia’s e-commerce acceleration undertaking (Go4eCam) that goals to spice up home and worldwide alternatives for SMes via a digital platform and create over 10,000 new jobs by 2022 because the one of many essential aims of Go4eCAM.
Cambodia’s e-commerce sector has grown exponentially within the final decade and the improved assist comes because the COVID-19 pandemic has pressured many extra companies to maneuver on-line. E-commerce and digitization are seen as essential to make sure a full, fast and sustained financial restoration for the nation.
The Cambodian authorities has stepped up efforts lately to strengthen the nation’s e-commerce ecosystem, together with regulatory framework and technique, UNCTAD stated in a press launch.
In assist of Cambodia’s response to COVID-19, UNDP is working to reskill staff, assist the onboarding of 1,000 SMEs into the e-commerce market and promote the adoption of e-commerce throughout the nation via an advocacy marketing campaign to create a sturdy regulatory surroundings with assist from the federal government of Australia.
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100 and twenty 5 small and medium enterprises will obtain grants and coaching in e-commerce via an funding of $500000 from Cambodia’s ministry of commerce, the Enhanced Built-in Framework and the UN Growth Programme.The funds will gasoline a six-month incubation and coaching initiative and small grants programme to assist SMEs shift on-line.