The e-commerce and digital trade sectors in Cambodia have witnessed remarkable growth in recent years, reflecting the country’s dynamic and resilient economy, thanks to government initiatives to promote digitalization.

Cham Nimul, Minister of Commerce, made the remarks while presiding over the opening ceremony of the workshop on ‘Cambodia’s Digital Economy and Engagement with E-DISC’ (ERIA Digital Innovation and Sustainable Economy Center), on Monday at the Hyatt Regency Phnom Penh.

The workshop was attended by numerous participants from line ministries and stakeholders.

Nimul said that the ministry has implemented policies and programs to foster a conducive environment for digital businesses. “The e-commerce and digital trade sectors in Cambodia are currently experiencing significant growth following the Covid-19 pandemic, highlighting the dynamism and resilience of the country’s economy,” she said.

This sector is driven by innovative entrepreneurs, a young population and an increasing level of digital interconnectedness, she added.

The Commerce Minister further said that the government has introduced the Cambodia Digital Economy and Society Framework 2021-2035 and the Cambodia Digital Government Policy 2022-2035 to utilize digital technology to enhance societal and economic efficiency.

Digital business development is a pillar in building the digital economy and social policy framework of Cambodia 2021-2035, which focuses on supporting the entrepreneurial ecosystem and startups by strengthening entrepreneurship and promoting startups in terms of capacity and financial resources.

Chhin Ken, President of the Cambodia Digital Tech Association, said that improved internet connectivity and increased smartphone penetration have contributed to the e-commerce and digital trade sectors in Cambodia.

“This trend reflects that Cambodian people are now interconnected with smartphones. It is particularly helping digital-based businesses,” Ken told Khmer Times.

For full article, please read here

Reporter: Chea Vanyuth

Publication date: 03 September 2024

Source: Khmer Times