On December 22nd, 2020: At Khmer Enterprise, His Excellency Vongsey Vissoth, Minister attached to the Prime Minister, Permanent Secretary of State of Ministry of Economy and Finance and Chairman of Entrepren-eurship Development Fund (EDF) Board of Trustees, led the “7th Entrepreneurship Development Fund Board of Directors Meeting,” participated by his excellency, Oknha, and managements from public and private sectors, who are the members of the Board of Trustees. The meeting objective was to review the work progress of EDF Secretariat and Khmer Enterprise (KE) in 2020 and plan for 2021.
During the meeting, the Board of Trustees reviewed the work progress in 2020 despite COVID-19 crisis. The achievements include KE’s four core programs, 2 rounds of assistance package program that provided financial supports to 27 businesses impacted by COVID-19, “Angkor 500” program under the collaboration with 500 Startups to support entrepreneurs especially tech start-ups to scale up in regional and international stages, collaborations with development partners to create a network and improve work effectiveness, and other programs to create a vibrant Cambodia’s SMEs and start-ups ecosystem, enhance job creation, and support businesses during COVID-19.
Moreover, the Board of Trustees has provided strategic direction for 2021 which focuses on: (1) preparing a strategic framework for 2021 and in the medium-term, (2) expanding entrepreneurship and SMEs support program to continually promote Cambodia entrepreneurship ecosystem, (3) promoting the use of technology in SMEs’ business operations, and (4) creating partnership and collaborations with various relevant institutions to support entrepreneurial culture and widely promote KE’s reputation.
Lastly, H.E. Vongsey Vissoth, Minister attached to Prime Minister, Permanent Secretary of State of Ministry of Economy and Finance and Chairman of EDF Board of Directors expressed his gratitude to his excellency, Oknha, and all Board of Directors members as well as the team for their high commitment in completing a remarkable achievement in 2020 and their strong will to support Cambodia’s SMEs and start-ups ecosystem to become more vibrant with sustainable development.