Logo of Phnom Penh Post newspaper Phnom Penh Post - Entrepreneurs to promote business

Entrepreneurs to promote business

Content image - Phnom Penh Post
Kuy Vat – the owner of real estate company VTrust group and one of the Cambodian EO members. Photo supplied

Entrepreneurs to promote business

Entrepreneurs’ Organization (EO), an international network of businessmen, said on Monday it is seeking to establish its presence in Cambodia and bring benefits to the Kingdom’s businessmen.

In a presentation to more than 10 large entrepreneurs in Cambodia outlining the benefits provided by EO, Tungling Group creative director and EO senior member Rosemary Tan Mei Leng said she wants to help the Kingdom’s entrepreneurs become more prosperous.

She added that EO members will receive significant benefits such as sharing and learning from personal experiences and skills with other members, receiving experience from experts and participation in international congress.

“I hope EO will help Cambodia grow fast,” she added.

The global businessmen network was established in the US in 1987 and is present in 57 countries around the world. Its membership currently consists of more than 13,000 business owners and investors worldwide, of which 2,315 are from Asia.

In order to launch a national chapter, the group needs at least 16 members in each country, according to Tan.

“Currently we do not have enough members here, so we will wait for at least 16 members to open in Cambodia,” she said, adding that the Kingdom will be EO’s seventh Asean country, following Malaysia, Indonesia, Singapore, the Philippines, Thailand and Vietnam.

In order to become a member, entrepreneurs must be the founder, co-founder or controlling shareholder of a company, and the company must also gross a minimum of $1 million in revenue annually.

Kuy Vat – the owner of real estate company VTrust group, and one of the Cambodian EO members – said the network will offer more opportunities to large entrepreneurs in Cambodia to meet world-class merchants, exchange experiences and learn from each other.

“Our entrepreneurial team contacted EO because they noted that currently more Cambodian entrepreneurs are showing a tendency to go abroad,” he said.

Vat added that creating a wider network of contacts could further attract foreign direct investment in Cambodia.

“Our desire is to build relations with large entrepreneurs and bring in foreign direct investment,” he said.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro