Siem Reap Times

Saturday, Nov 23, 2024

Prime Minister Announces Halt on New Beer Factory Licenses in Cambodia

Prime Minister Hun Manet aims to balance the market and support sustainable industry development.
In a significant policy shift, Prime Minister Hun Manet has announced a suspension of licenses for new beer factories in Cambodia. This move, announced during his speech at the closing ceremony for the Ministry of Mines and Energy’s 2023 and 2024 work results, is aimed at maintaining a balanced market and supporting sustainable development within the beer industry.

Prime Minister Manet explained that the current beer production capacity, with seven operational beer factories in the country, is sufficient to meet domestic demand. “With seven operational beer factories already established, there is no immediate need for additional domestic breweries,” he stated, reinforcing that the decision aligns with the government’s broader strategy to promote market stability.

However, the Prime Minister made it clear that this halt does not apply to breweries intended for export. “We will support ventures that focus on export, as they can contribute to our economy and create job opportunities,” he added, signaling the government's commitment to supporting the export sector and fostering economic growth.

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