• My Saves
  • My Feed
  • My Interests
  • Advertise
  • Governing Body
  • From The Founder's Desk
  • Contact Us
The Better Cambodia
  • News
    NewsShow More
    Cambodia's Angkor Archaeological Park Generates Over $24 Million in Ticket Sales in Early 2025
    Cambodia’s Angkor Archaeological Park Generates Over $24 Million in Ticket Sales in Early 2025

    Phnom Penh — Cambodia’s world-renowned Angkor Archaeological Park has earned over USD…

    By
    TBC
    Hun Manet Praises Technological Progress of Cambodian Youth During Visit to Japan
    Hun Manet Praises Technological Progress of Cambodian Youth During Visit to Japan

    (Tokyo) — Cambodian Prime Minister Hun Manet has praised the rising technological…

    By
    TBC
    Hun Manet and Ishiba Shigeru Reaffirm Comprehensive Cambodia–Japan Partnership
    Hun Manet and Ishiba Shigeru Reaffirm Comprehensive Cambodia–Japan Partnership

    Phnom Penh, May 31, 2025 — During an official visit to Japan…

    By
    TBC
    Kampong Speu to Host Mountain Bike Challenge 2025 Featuring New XCM Marathon Discipline
    Kampong Speu to Host Mountain Bike Challenge 2025 Featuring New XCM Marathon Discipline

    Kampong Speu, Cambodia – May 31, 2025 — Kampong Speu province is…

    By
    TBC
    Cambodia and Japan Launch Comprehensive Economic Co-Creation Package
    Cambodia and Japan Launch Comprehensive Economic Co-Creation Package

    Phnom Penh, Cambodia — Cambodia and Japan have unveiled a comprehensive Economic…

    By
    TBC
  • Editors Pick
    Editors PickShow More
    Cambodia’s Fiscal Discipline Builds Confidence for Growth and Investment

    Cambodia is steadily earning a reputation for sound financial management and disciplined…

    By
    Surya Narayan
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities
    Cambodia’s Trade Resilience: Turning U.S. Tariff Hikes into Regional Growth Opportunities

    On April 2, 2025, U.S. President Donald Trump announced sweeping tariff increases…

    By
    Surya Narayan
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
    Cambodia’s Commitment to Environmental Sustainability

    Cambodia is taking remarkable strides towards environmental conservation, as demonstrated by the…

    By
    Surya Narayan
    Building Cambodia’s Future: The Case for a Sovereign Wealth Fund Like Temasek Holdings

    Singapore’s economic success story is a reflection of visionary leadership, strategic investment,…

    By
    Jas Sohl
  • Stories
    StoriesShow More
    The Timeless Tale of Vorvong and Sorvong: A Glimpse into Khmer Folklore

    The epic Khmer folklore of Vorvong and Sorvong stands out, weaving a…

    By
    Surya Narayan
    Empowering Cambodian Youth: Anjali House’s Mission to Shape Futures

    In the heart of Siem Reap, Anjali House, a community learning center…

    By
    Nadalena DeJulio
    Life’s Journey: A Bike Ride Around Tonle Sap Lake

    In a remarkable display of strength and determination, Pheak Keo embarked on…

    By
    Surya Narayan
    Phare Creative Studio: 15 Years of Cambodian Creations for Social Good

    Phare Creative Studio (PCS) is a social business that has been operating…

    By
    Surya Narayan
    Dieng Dorm: The Muffin Man of Siem Reap

    Have you ever heard of the Muffin Man, SiemReap? He lives in…

    By
    Pisey Roeurm
  • Business
    BusinessShow More
    Starbucks Isn’t Just Brewing Coffee It’s Running a Bank in Disguise

    When you think of Starbucks, you probably imagine friendly baristas, cozy interiors,…

    By
    Surya Narayan
    PM Hun Manet Reinforces Pro-Business, Pro-Environment Agenda at Ford Plant Opening

    PURSAT, April 22 – Cambodian Prime Minister Samdech Thipadei Hun Manet reiterated…

    By
    TBC
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report
    Cambodia’s Economy to Grow by 6.1% in 2025 and 6.2% in 2026, Says ADB Report

    Phnom Penh, Apr. 9 – Cambodia’s economy is set to maintain a…

    By
    TBC
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector
    EU and IFAD Announce €80 Million Investment to Modernise Cambodia’s Agricultural Sector

    The European Union (EU), in collaboration with the European Investment Bank (EIB)…

    By
    TBC
    Cambodia’s Rise as a Manufacturing and Investment Hub: A Global Perspective

    In recent years, Cambodia has emerged as a preferred destination for manufacturing…

    By
    Surya Narayan
  • Opinion Piece
    Opinion PieceShow More
    How Cambodian Entrepreneurs Can Successfully Set Up a Business in the United Kingdom, A Strategic Guide to Growth and Bilateral Benefits

    The United Kingdom continues to be a global leader in business, innovation,…

    By
    Jas Sohl
    Cambodia’s Trade Framework: A Gateway to Global Markets

    Over the past two decades, Cambodia has methodically established a robust regulatory…

    By
    Jas Sohl
    Cambodia’s Cashew Industry, A Future of Growth and Prosperity

    Cambodia’s agricultural sector is experiencing a strong rise in cashew production, making…

    By
    Jas Sohl
    INDO-PACIFIC IN SHARP FOCUS

    Conventional wisdom among scholars and diplomats is that the world cannot afford…

    By
    Dr Mohan Kumar
    The Role of Motivation and Dedication in Buddhist Practice: A Path to Spiritual Growth

    Every human life is seen as a precious opportunity, rich with the…

    By
    Samheng Boros
  • Press Release
    Press ReleaseShow More
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership
    ASEAN Forum Honours OCIC, Pung Kheav Se, and Thierry Tea for Outstanding Business Impact and Leadership

    May, 2025, Kuala Lumpur, Malaysia — At the ASEAN Leadership & Partnership Forum 2025 in…

    By
    TBC
    Wing Bank Wins Awards for Digital Finance and Social Impact

    Wing Bank Sets a New Standard in Digital Finance and Social Impact,…

    By
    TBC
    Cambrew LTD Launches first ever Carlsberg Official Store on Wingmall, Expanding Digital Retail Presence in Cambodia
    Cambrew LTD Launches first ever Carlsberg Official Store on Wingmall, Expanding Digital Retail Presence in Cambodia

    Cambrew Ltd., part of the Carlsberg Group and one of the leading…

    By
    TBC
    A Cambodian Business Story and the Impact of Pung Kheav Se
    A Cambodian Business Story and the Impact of Pung Kheav Se

    Pung Kheav Se is known as one of Cambodia’s most prominent private…

    By
    TBC
    Grab Partners with Executive Auto to Elevate Ride Experience with High-End Vehicles
    Grab Partners with Executive Auto to Elevate Ride Experience with High-End Vehicles

    Phnom Penh, Cambodia – Grab Cambodia is proud to announce its partnership…

    By
    TBC
  • 🔥
  • Invest In Cambodia
  • Unsung Heroes/ Impact
  • The Better Asia
  • Agriculture
  • Technology
  • Places to Visit
  • Sustainability
Font ResizerAa
The Better CambodiaThe Better Cambodia
Search
  • Home
  • Stories
  • News
  • Startups
  • Cambodian Brands
  • Unsung Heroes/ Impact
  • Sustainability
  • Artisans of Cambodia
  • Invest In Cambodia
  • Guests Posts
  • The Better Asia
  • Governing Body
  • From The Founder’s Desk
  • Contact us
Have an existing account? Sign In
Follow US
  • My Saves
  • My Interests
  • My Feed
© 2025 TBC Media. All Rights Reserved.
The Better Cambodia > Blog > News > Private Sector Professionals to Lead State-Owned Enterprises: PM Hun Manet
News

Private Sector Professionals to Lead State-Owned Enterprises: PM Hun Manet

Last updated: April 22, 2025 1:41 am
TBC
211 Views
Share
3 Min Read
Private Sector Professionals to Lead State-Owned Enterprises: PM Hun Manet
SHARE

In a major reform aimed at boosting efficiency and professional management of state-owned enterprises, Cambodian Prime Minister Samdech Thipadei Hun Manet has announced the end of the long-standing practice of appointing civil servants to lead public institutions. Going forward, private sector professionals will be eligible to assume leadership roles in these enterprises, with government oversight restricted to a board of directors.

Speaking at the inauguration ceremony of the Kampot International Tourism Port on Monday (April 21), the Prime Minister highlighted the importance of operating state-run entities with the same efficiency and performance standards as private companies.

“If we want the Kampot International Tourism Port to operate like a private enterprise, then we must bring in people who understand the business,” said Samdech Thipadei. “There is no need for the state to establish a management company when professionals in the private sector already possess the knowledge and experience to run such operations effectively.”

Under the proposed legal amendments, CEOs of state-owned enterprises will now be recruited from the private sector. These leaders will be empowered to manage operations with a business-oriented approach, while the state’s role will be confined to policy guidance and governance through a non-interfering board of directors.

- Advertisement -

“The board should not be involved in daily operations,” Hun Manet emphasised. “Even if the enterprise is owned by the state, it must be run independently. If we want private-sector performance, we must adopt a private-sector mindset—this means hiring the right talent and holding them accountable for results.”

The Prime Minister underscored the gap between academic qualifications and real-world business experience, noting that while many individuals hold advanced degrees, they often lack the hands-on experience required to lead in a competitive business environment.

“We have many individuals with PhDs, but some have never led a company. They may understand policy or be able to write plans, but without the practical knowledge of running a business, they cannot succeed in this role,” he said.

Using a metaphor to underline the importance of practical results over formal credentials, he added, “Let us not cling to rigid distinctions—both black and white cats can catch mice. Whether someone graduated from a private or public institution, if they can generate profits and deliver national benefits, they are the right person for the job.”

This forward-looking reform reflects Cambodia’s broader effort to modernise its governance, improve public service delivery, and create a more dynamic and results-driven state apparatus. It also signals a growing openness to private-sector collaboration in the nation’s development, aligning public administration with global best practices.

SOURCES:Fresh News

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Sign up for The Better Cambodia's newsletter to receive the latest articles and stories. Stay informed and inspired with our positive content!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any buzzstream.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
ByTBC
Experience Cambodia's Brightest Moments with The Better Cambodia – Your Fastest Growing Positive News Media Company!
Previous Article Prime Minister Hun Manet to Inaugurate Kampot International Tourist Port Today Prime Minister Hun Manet to Inaugurate Kampot International Tourist Port Today
Next Article Cambodian and Malaysian Army Chiefs Discuss Expanding Defence Cooperation Cambodian and Malaysian Army Chiefs Discuss Expanding Defence Cooperation
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -

You Might Also Like

Invest In CambodiaNews

Implementing RCEP is a top priority, according to PM Hun Sen.

By
Surya Narayan
Invest In CambodiaNews

Bilateral trade between Cambodia and the UAE reached $150 million in 2021.

By
Surya Narayan
News

VINCI Airports Sets 2026 Completion for Sihanoukville Airport Expansion

By
Surya Narayan
News

NBC Urges Widespread Use of Riel to Strengthen Cambodia’s Economy

By
TBC
© 2025 TBC Media. All Rights Reserved.
No thanks.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up