Seventeen fisheries enterprises in Cambodia are set to receive investment packages from CAPFish Post-Harvest Development Project (VCIS) totalling around $500,000.
VCIS funding comes from the UN Industrial Development Organisation for Cambodia (UNIDO Cambodia) under a grant from the EU in cooperation with the Fisheries Administration (FiA) under the Ministry of Agriculture, Forestry and Fisheries.
The investment packages were announced in an event presided over by agriculture minister Veng Sakhon and was attended by representatives from UNIDO Cambodia and roughly 100 participants from the enterprises and other stakeholders, held on July 5 in Phnom Penh.
UNIDO Cambodia representative Sok Narin said at the ceremony that prior to these investments, UNIDO had supported 40 post-harvest fisheries enterprises through technical assistance, analysis of business issues and preparation of business project proposals.
Of those 40 enterprises, 17 were approved for investment funding by the Joint Investment Commission, which is composed of project staff and independent experts and done through a transparent and participatory process.