YEAC Board of Directors

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Mr. Loun Anchamnes

President

Mr. Loun Anchamnes is a prominent young entrepreneur and the President of the Young Entrepreneurs Association of Cambodia (YEAC) Siem Reap Chapter. He is widely recognized for his contributions to Cambodia's entrepreneurial ecosystem and his commitment to fostering economic growth through youth empowerment and job creation.

Key Highlights of His Career:

  1. Entrepreneurial Ventures: Mr. Anchamnes owns multiple businesses in Siem Reap, including two restaurants, two boutique hotels, and a café bookstore near the famed Angkor Wat temples. His ventures collectively employ around 200 people, reflecting his dedication to creating employment opportunities and skill development for Cambodians.
  2. Focus on Skill Development: He emphasizes leadership and skill-building within his businesses, offering employees training in English and computer skills. This approach not only enhances their employability but also contributes to the broader goal of workforce development in Cambodia.
  3. Role in YEAC: As the President of YEAC Siem Reap Chapter, Mr. Anchamnes plays a pivotal role in supporting young entrepreneurs. He actively participates in initiatives aimed at strengthening the local entrepreneurial ecosystem, such as the "Give a Day" events, which focus on financial literacy and collaboration among entrepreneurs and ecosystem stakeholders413.
  4. Advocacy for Entrepreneurship: Mr. Anchamnes is a strong advocate for youth entrepreneurship, believing that young entrepreneurs are key drivers of economic growth. He has been instrumental in promoting policies and programs that support small and medium-sized enterprises (SMEs) in Cambodia.
  5. Vision for Cambodia: His ultimate goal is to create as many employment opportunities as possible, contributing to the country's economic and social development. He leverages his experiences, including lessons from a failed business partnership in 2010, to mentor and inspire the next generation of Cambodian entrepreneurs.
Mr. Loun Anchamnes exemplifies the spirit of innovation and resilience, making significant strides in both his entrepreneurial endeavors and his leadership within YEAC. His work continues to inspire and empower young Cambodians to pursue entrepreneurship as a path to personal and national prosperity.
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Oknha Rabbit

Executive Vice President

I graduated with a Bachelor's Degree in International Relations from the University of Cambodia. Currently, I am pursuing a Master’s Degree in Business and Commercial Law at the Royal University of Law and Economics. I concurrently work as a Communication Officer at the Young Entrepreneurs Association of Cambodia (YEAC), where I oversee the strategic development and execution of communication tactics, maintain public relations and build networks with media partners, manage various social media contents, and support training, and workshops on capacity building for SME owners, focusing on entrepreneurship empowerment in business contexts such as access to finances, business financial management, human resource management, digital adaptation in business operations, and legal compliances including tax and regulatory requirements, etc.
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Mr. Jonh

BoD Member

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  • 03 Jan,2025
  • By Chapter Siemreap
YEAC Celebrates Successful Graduation of MSAs in Access to Finance Program!

YEAC Celebrates Successful Graduation of MSAs in Access to Finance Program!

On December 30, 2024, Young Entrepreneurs Association of Cambodia (YEAC) held the graduation ceremony of 42 Micro and Small Agri Business (MSAs) (21 women-led businesses) who have completed the capacity building program. This program is supported by USAID through FEED The FUTURE – Harvest III.

Through intensive training, mentorship, and networking events, these entrepreneurs gained confidence and are now better positioned to grow their businesses. Access to Finance, a total of 13 entrepreneurs and business owners received a total financing of US $ 1,793,060 (US $ 1,235,060 from banks and US $ 558,000 from investors) by December 2024.

At the graduation ceremony, Mrs. Ith Kallyan, Deputy Chief of Party of the Harvest III project, expressed her deep appreciation for YEAC and the team’s outstanding performance in achieving all program milestones. She emphasized that this was the first grant Harvest III directly provided to an association, and the initial results have been highly encouraging. Mrs. Kallyan observed that channeling funding through an association like YEAC has proven to be an effective way to reach and impact numerous MSAs. Mrs. Kallyan highlighted the strong synergy and further indicated her intention to explore further collaboration/partner with YEAC to maximize the positive impact on MSAs.”

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Why Invest Siem Reap?

Government Incentives and Favorable Investment Climate

Cambodia offers 100% foreign ownership in most sectors, along with tax holidays and duty-free imports of capital goods, making it an investor-friendly destination. Siem Reap’s real estate market is particularly promising, with rental yields for Western-style villas ranging from 7-9% and sales profits reaching 20-30%. Additionally, the government’s focus on sustainable tourism and infrastructure development ensures long-term growth potential, making Siem Reap a strategic choice for investors seeking stable returns.

Infrastructure Development Enhancing Accessibility

Significant infrastructure upgrades, such as the $60 million road expansion and the new international airport, are transforming Siem Reap into a more accessible and attractive destination. The city is also embracing sustainable initiatives like electric buses and green building projects, aligning with global trends in eco-friendly development. These improvements not only enhance connectivity but also increase property values, making Siem Reap a prime location for real estate and commercial investments.

Thriving Tourism Sector with Steady Growth

Siem Reap is home to Angkor Wat, a UNESCO World Heritage site, which attracts millions of tourists annually. In 2023, Angkor Wat welcomed over 2.64 million visitors, generating $37.19 million in ticket sales alone. The city’s new Siem Reap-Angkor International Airport, opened in 2023, is expected to further boost tourist arrivals, with Cambodia targeting 7.5 million international tourists in 2025. This steady influx of tourists creates a robust demand for hospitality, retail, and real estate investment, offering lucrative opportunities for investors.

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