Cambodia’s business community is being encouraged to place greater focus on workforce development as companies prepare for a more competitive economic future. Speaking at the National Business Financing Forum 2026 on July 30, RMA Cambodia Chief Executive Officer Ngorn Saing emphasized that investing in employee skills is no longer optional but a strategic necessity for businesses seeking sustainable growth. His message comes at a time when Cambodia is strengthening its investment climate and expanding opportunities for businesses, entrepreneurs, investors, and startups.
The discussion highlighted the growing importance of human capital in driving productivity, innovation, and long term competitiveness. Saing also praised the Skills Development Fund for helping businesses improve workforce capabilities through financial support and practical training programs, creating a stronger foundation for business expansion and economic resilience.
Human Capital Drives Business Success
For businesses looking to expand in Cambodia, technology, equipment, and capital alone are not enough. According to Ngorn Saing, the real competitive advantage comes from developing people who have the skills to adapt, innovate, and contribute to long term business performance.
Speaking before business leaders at the National Business Financing Forum 2026, Saing stressed that every successful growth strategy ultimately depends on the quality of a company’s workforce. He encouraged business owners and executives to view employee development as a long term investment rather than an operational expense.
“Without investing in staff training, you can’t grow your revenue. No matter how good your plans or strategies are, in the end, business growth relies on people,” Saing said.
Skills Development Creates Competitive Businesses
As Cambodia’s economy continues to diversify, companies are facing increasing demand for skilled workers capable of supporting higher value industries and modern business operations. Continuous learning and professional development have become essential for improving productivity and maintaining competitiveness.
Saing noted that businesses which invest in workforce capabilities are better positioned to improve efficiency, adapt to market changes, and deliver stronger financial performance. Building a skilled workforce also helps companies remain resilient during periods of economic uncertainty.
Skills Development Fund Supports Business Growth
Saing praised the Skills Development Fund for providing practical assistance that enables businesses to strengthen their human resources more effectively. He said the fund offers valuable financial support together with practical guidance, making workforce development more accessible for companies of different sizes.
The business friendly approach adopted by the Skills Development Fund allows enterprises to implement training initiatives without placing excessive financial pressure on their operations. This support encourages more businesses to invest in upgrading employee skills while improving overall organisational performance.
Private Sector Encouraged to Take Advantage of Available Support
Saing also encouraged Cambodian businesses to make full use of government and institutional programs designed to strengthen workforce development. By leveraging these resources, companies can improve operational efficiency while preparing for future business opportunities.
He believes stronger collaboration between the private sector and public institutions will contribute to sustainable economic growth, higher productivity, and a more competitive business environment across Cambodia. For entrepreneurs, investors, senior executives, and business leaders, investing in people today will help build stronger companies tomorrow.
Why Should Businesses Invest in Workforce Skills?
The message from RMA Cambodia is clear. Businesses that invest in employee development gain stronger productivity, higher operational efficiency, improved innovation, and better long term competitiveness. Skilled employees are better equipped to solve problems, adopt new technologies, and deliver greater value to customers, ultimately leading to sustainable revenue growth and stronger business performance.
As Cambodia attracts more foreign investment and expands into higher value industries, companies with highly trained workforces will be better positioned to seize new opportunities and compete in regional and global markets.
Conclusion
Workforce development is becoming one of the most valuable investments businesses can make in Cambodia’s evolving economy. Ngorn Saing’s message serves as a reminder that sustainable business success depends not only on capital and strategy but also on people. By investing in employee skills and taking advantage of available support programs, businesses can strengthen their competitiveness, increase productivity, and contribute to Cambodia’s long term economic growth.