Cambodia, South Korea Discuss Digital Education Cooperation
Phnom Penh, July 02, 2024 --Cambodia and the Republic of Korea have discussed more cooperation to promote digital education in Cambodia.The discussion took place in a recent meeting in the Republic of Korea between H.E. Ms. Kim Sethany, Secretary of State at the Ministry of Education, Youth, and Sports, and Mr. Jung Dae-Ho, Director General of the Education Department of Busan city, South Korea.The two sides spoke highly of nearly 20 years of good collaboration in education and vowed to renew their partnership in 2025.The partnership will support networking between schools in Busan city and Cambodia through education and technology experience sharing and capacity building, especially for Cambodian teachers.H.E. Ms. Kim Sethany emphasised that South Korea is a leading country in mainstreaming technology in education and that the new partnership reflects a long-lasting friendship and will contribute significantly to Cambodia’s education advancement.
IMF: Singapore, New Zealand Best Prepared For AI Among RCEP Economies
Phnom Penh, June 28, 2024 --Singapore is best prepared for artificial intelligence (AI) among the 15 members of the Regional Comprehensive Economic Partnership (RCEP), the International Monetary Fund (IMF) says. New Zealand is second-best and Australia, Japan and South Korea are equal third.The IMF’s new AI Preparedness Index released this week tracks 174 economies based on digital infrastructure, human capital and labour policies, innovation and integration, and regulation and ethics.Singapore scored 0.80 points followed by New Zealand at 0.75 points and Australia, Japan and South Korea at 0.73 points.China came next at 0.64 points followed by Malaysia at 0.63 points — almost as high as the advanced economy average of 0.68 points.Thailand scored 0.54 points followed by Indonesia at 0.52 points, Brunei and the Philippines at 0.50 points, Vietnam at 0.48 points — all above the emerging market average of 0.46 points.Among the remaining RCEP economies, Cambodia scored 0.37 points followed by Laos and Myanmar at 0.33 points.AI SEEN THREATENING 24 PERCENT OF EMERGING ECONOMY JOBS“Our research has already shown how AI is poised to reshape the global economy,” says Giovanni Melina, an economist at the IMF's research department in Washington.“It could endanger 33 percent of jobs in advanced economies, 24 percent in emerging economies, and 18 percent in low-income countries,” he says."But, on the brighter side, it also brings enormous potential to enhance the productivity of existing jobs for which AI can be a complementary tool and to create new jobs and even new industries.”Melina notes that poorer countries are likely to be less affected and face fewer immediate disruptions from AI as they rely less on high-skilled jobs than rich countries.NEED FOR POORER NATIONS TO BOOST DIGITAL INVESTMENTAt the same time, however, AI could worsen inequality for poorer nations as many lack the infrastructure or skilled workforces needed to harness its benefits.“Under most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers can work to prevent,” Melina says.“The policy priority for emerging market and developing economies should be to lay a strong foundation by investing in digital infrastructure and digital training for workers.”
Cambodia Launches Digital Platform For Registration Of SMEs, Handicrafts And Factories
On June 27, 2024, the Ministry of Industry, Science, Technology & Innovation (MISTI), through the collaboration and support of the Australian Government, launched the first phase of a digital registration and licensing portal for Small and Medium Enterprises (SMEs), handicrafts and industrial factories. This initiative streamlines formalization by replacing manual procedures, minimizing required in-person visits, expediting processing times and simplifying payment.The launch ceremony was presided over by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance, along with government leaders and foreign dignitaries, during the 1st National Day of Micro, Small and Medium Enterprises. It also brought together entrepreneurs, representatives from business associations, ministries-institutions and development partners.Through the support of the Cambodia Australia Partnership for Resilient Economic Development (CAPRED) program, the digital platform was developed by the Ministry of Industry, Science, Technology & Innovation (MISTI) to be inclusive, user-friendly and accessible through any digital device. In the first phase, the single portal streamlines three legal processes: 1.) Requesting a Prakas to establish SMEs or handicrafts, 2.) Application for license or renewal of license to operate SMEs or handicrafts, and 3.) Application for the establishment of factories. After this launch, SME, handicraft and factory owners will be able to apply, pay and receive these important certificates online.“The launch of this digital portal marks yet another significant milestone in our journey towards a more efficient and transparent business environment. By simplifying the registration and licensing process, we are reducing the administrative burden on the private sector, and fostering a more conducive business environment,” Minister Hem Vanndy of MISTI said.Prior to its launch, the platform underwent a series of user testing workshops with MISTI officials, registration service providers, and representatives from the SMEs, handicraft and industry sectors, including women and people with disabilities. The resulting interface makes it easier for businesses to navigate the formalisation process.‘This platform is a testament to our collaborative efforts with Cambodia. We are confident it will help remove barriers; unlock Cambodia's potential in the SMEs, Handicrafts and Industry sectors; and contribute to a more resilient, inclusive and sustainable Cambodian economy,’ said Mr. Andreas Zurbrugg, Chargé d'affaires of the Australian Embassy to the Kingdom of Cambodia.With only 13% of Cambodian SMEs being formally registered, the platform aims to increase formalization, enabling SMEs to improve access to finance, markets, and governmental support, ultimately boosting productivity, competitiveness, and appeal for foreign direct investment.
Visa Supports Women-Owned SMBs And Youths In Southeast Asia With Digital And Financial Skills
Phnom Penh, May 30, 2024 --Visa, a global leader in payment solutions, is committed to promoting digital and financial inclusion by equipping women and youth in Southeast Asia with essential digital and financial skills, to foster sustainable growth and pave the way for long-term success, according to the company’s press release dated May 29.An OECD report found that rural communities, women, and certain ethnic minority groups face barriers to realising the full uptake of digital options. Many frequently encounter growth hurdles due to cultural and institutional obstacles, coupled with a preference for informal financing.Southeast Asia's young population, who constitute nearly a third of Southeast Asia, along with the region's SMEs and MSMEs, which constitute 99 percent of businesses, are key to economic growth. Visa is aiding this progress by enhancing digital and financial literacy for women SME owners and young individuals. In 2023, Visa digitally enabled 10 million SMEs in Asia Pacific. Visa Foundation has committed over US$47M in the region, which has helped support two million women-led SMEs and sustain 500,000 jobs, and recently pledged US$100M to APEC economies over five years.“In Cambodia, women and young people form a crucial engine propelling local economic growth. Visa utilises our resources and vast network to give back to the communities we operate in, particularly in promoting digital and financial inclusion. We believe in the transformative power of providing individuals and communities with global access to digital financial tools. As a key partner in Southeast Asia's financial ecosystem, Visa is committed to reaching the most underserved communities, ensuring they too can reap the benefits of the digital economy,” said Mr. Stephen Karpin, Regional President, Asia Pacific, Visa.Ms. Kelly Tullier, Vice Chair, Chief People and Corporate Affairs Officer, Visa, added: “At Visa, we are dedicated to empowering women, particularly those running small businesses, to set them up for success. My trip to Vietnam reinforced how contributions within local communities are most impactful when done in concert with leaders on the ground. We met Visa Foundation partner, WISE Vietnam (Women’s Initiative for Startups and Entrepreneurship), which has supported 100,000 women entrepreneurs in Vietnam with access to digital tools to grow their businesses. Meanwhile, Visa’s partnership with The Asia Foundation enables us to work with government agencies and microfinance institutions to support local businesses and help the digital economy thrive. By supporting each other, we lay the groundwork for equitable futures for all.”Visa and Visa Foundation forge strategic partnerships that help advance digitisation and financial inclusion in communities across Southeast Asia, with several Social Impact initiatives. In Cambodia, Visa works with the Ministry of Women’s Affairs in Cambodia (MoWA) and the National Bank of Cambodia (NBC) to support women through financial literacy and entrepreneurship programs.Since 2020, Visa, MoWA, and NBC have collaborated on a four-year initiative, "Promoting Financial Literacy for Women and Women Entrepreneurs”, that has helped more than 10,000 women entrepreneurs and students. Given NBC’s progressive commitment to reduce the financial exclusion of women by half from 27 percent to 13 percent as stated in its National Financial Inclusion Strategy 2019-2025, Visa is committed to aligning with NBC’s goals in its social impact programs.Visa Foundation’s partnership with The Asia Foundation has supported over 1,200 women entrepreneurs in The Philippines and Cambodia. In Cambodia, the project provided over 800 women entrepreneurs from 12 provinces with access to capital, financial education, business training, and online markets through existing e-commerce platforms.
Visa Supports Women-Owned SMBs And Youths In Southeast Asia With Digital And Financial Skills
Phnom Penh, May 30, 2024 --Visa, a global leader in payment solutions, is committed to promoting digital and financial inclusion by equipping women and youth in Southeast Asia with essential digital and financial skills, to foster sustainable growth and pave the way for long-term success, according to the company’s press release dated May 29.An OECD report found that rural communities, women, and certain ethnic minority groups face barriers to realising the full uptake of digital options. Many frequently encounter growth hurdles due to cultural and institutional obstacles, coupled with a preference for informal financing.Southeast Asia's young population, who constitute nearly a third of Southeast Asia, along with the region's SMEs and MSMEs, which constitute 99 percent of businesses, are key to economic growth. Visa is aiding this progress by enhancing digital and financial literacy for women SME owners and young individuals. In 2023, Visa digitally enabled 10 million SMEs in Asia Pacific. Visa Foundation has committed over US$47M in the region, which has helped support two million women-led SMEs and sustain 500,000 jobs, and recently pledged US$100M to APEC economies over five years.“In Cambodia, women and young people form a crucial engine propelling local economic growth. Visa utilises our resources and vast network to give back to the communities we operate in, particularly in promoting digital and financial inclusion. We believe in the transformative power of providing individuals and communities with global access to digital financial tools. As a key partner in Southeast Asia's financial ecosystem, Visa is committed to reaching the most underserved communities, ensuring they too can reap the benefits of the digital economy,” said Mr. Stephen Karpin, Regional President, Asia Pacific, Visa.Ms. Kelly Tullier, Vice Chair, Chief People and Corporate Affairs Officer, Visa, added: “At Visa, we are dedicated to empowering women, particularly those running small businesses, to set them up for success. My trip to Vietnam reinforced how contributions within local communities are most impactful when done in concert with leaders on the ground. We met Visa Foundation partner, WISE Vietnam (Women’s Initiative for Startups and Entrepreneurship), which has supported 100,000 women entrepreneurs in Vietnam with access to digital tools to grow their businesses. Meanwhile, Visa’s partnership with The Asia Foundation enables us to work with government agencies and microfinance institutions to support local businesses and help the digital economy thrive. By supporting each other, we lay the groundwork for equitable futures for all.”Visa and Visa Foundation forge strategic partnerships that help advance digitisation and financial inclusion in communities across Southeast Asia, with several Social Impact initiatives. In Cambodia, Visa works with the Ministry of Women’s Affairs in Cambodia (MoWA) and the National Bank of Cambodia (NBC) to support women through financial literacy and entrepreneurship programs.Since 2020, Visa, MoWA, and NBC have collaborated on a four-year initiative, "Promoting Financial Literacy for Women and Women Entrepreneurs”, that has helped more than 10,000 women entrepreneurs and students. Given NBC’s progressive commitment to reduce the financial exclusion of women by half from 27 percent to 13 percent as stated in its National Financial Inclusion Strategy 2019-2025, Visa is committed to aligning with NBC’s goals in its social impact programs.Visa Foundation’s partnership with The Asia Foundation has supported over 1,200 women entrepreneurs in The Philippines and Cambodia. In Cambodia, the project provided over 800 women entrepreneurs from 12 provinces with access to capital, financial education, business training, and online markets through existing e-commerce platforms.
Major websites for online learning
Studying is very important for each and every person and the study method is also applied differently. Nowadays, the internet is booming and many people are turning to it in almost every aspect of life, even education. There are many people who always want to expand their knowledge but do not have time to go to school or training center directly. Others want to start learning online but do not know which website has the best lessons for them. Here are some websites that everyone can choose for personal study:1. www.coursera.orgCoursera has collaborated with several major universities in the United States and some universities around the world in order to create video lessons for dozens of subjects.2. www.lynda.comLynda is a website that recruits highly experienced people to create a more effective tutorial.3. www.udemy.comUdemy is a website that regularly posts new tutorial videos, an average of 800 lessons every month. On the other hand, this website has posted short videos for each lesson to make it easier to choose.4. www.udacity.comUdacity is a website for those who focus on new technologies. If you are looking for science related lessons, this website is the best choice.5. www.khanacademy.orgKhanacademy is a website that offers free education. It is a place where video lessons are mixed with text lessons for students to learn and practice.
Meta's Whatsapp messenger faces disruption for tens of thousands of users around the world
Thousands of users of Meta Whatsapp's Messenger have been reported on Wednesday, according to a report on the website of an online data monitoring platform called Downdetector in the United States, there are problems in the process of using this social networking application.According to the report, 12,000 Whatsapp users reported malicious use of the app to the download site.In addition to US users, there have been tens of thousands of WhatsApp crashes for users in other countries, including more than 20,000 in India and nearly 50,000 in the United Kingdom while Brazil has more than 40,000 cases.In addition, nearly 50,000 Meta Instagram users in the United States have faced similar technical issues, while Meta has not yet commented on the situation. The crash of Meta Whatsapp and Instagram now comes about a month after the Facebook social network crashed for more than two hours and disrupted hundreds of thousands of users around the world.
Cambodia’s Digitalization Advances In Remarkable Pace
Phnom Penh, March 11, 2024 --Prime Minister Samdech Moha Borvor Thipadei Hun Manet has noted the rapid progress of the digitalisation in Cambodia in recent years.“The digitalisation in Cambodia has progressed at a remarkable pace in the past years. The COVID-19 crisis has spurred the use of digital technology more than ever before,” he said at the opening ceremony of the 1st Digital Government Forum, held here at the Koh Pich Convention and Exhibition Centre this morning.The Premier continued that digital payments have reached some US$492 billion in 2023, about 16 times of GDP, while the number of registered mobile internet users and mobile subscribers has increased to more than 19 million last year.Moreover, Samdech Thipadei mentioned about the Royal Government’s official verification platform – verify.gov.kh – which has recently won a Gold Medal in the ASEAN Digital Awards 2024, stressing that the platform will play a significant role in providing all kinds of public services for the benefit of the Cambodian people.Besides, he added, the Cambodia Data Exchange (CamDX), a key platform being actively used by public and private institutions to share and exchange data in the common ecosystem, grabbed the Open Source Adaption of the Year Award 2022 from the Future of Government Awards. This is another source of pride for the Royal Government of Cambodia for its efforts in digitalisation in government.Samdech Hun Manet stated that the Royal Government has been implementing the digital policy agenda with a proactive and open spirit in order to achieve the national digital development goals and regional and global digital development goals as set out in the ASEAN Digital Masterplan 2025 and the Digital Strategy 2022-2025 of the United Nations.In addition, he underlined, Cambodia has been joining other ASEAN member countries in advancing the ASEAN Digital Economy Framework Agreement, which is expected to increase the volume of ASEAN digital economy from US$1 trillion to US$2 trillion annually by 2030.
First Ever Digital Government Forum Kicks Off
Phnom Penh, March 11, 2024 --The 1st Digital Government Forum (DGF) kicked off here at the Koh Pich Convention and Exhibition Centre this morning under the presidency of Prime Minister Samdech Moha Borvor Thipadei Hun Manet.The three-day event is organised by the Ministry of Post and Telecommunications and attended by many experts, and senior officials from Cambodia and ASEAN.H.E. Dr. Chea Vandeth, Minister of Posts and Telecommunications said digital technology is an important sector in this age of digital revolution to drive economic and social development.The Royal Government of Cambodia (RGC) led by former Prime Minister Samdech Techo Hun Sen has set out a digital economic and social policy, and the work has become clearer in the Pentagonal Strategy-Phase 1 of the new mandate RGC led by Prime Minister Samdech Thipadei Hun Manet.“This forum aims to share experiences of digital government revolution and to strengthen and expand cooperation among digital revolution experts of the countries in the region, as well as to highlight the achievements of the Digital Government Committee, which was established about 18 months ago in accordance with the Digital Economic and Social Policy Framework 2021-2035 and the Digital Government Policy of Cambodia 2022-2035 in particular,” he underlined.The forum is divided into two sections, the first of which is a workshop format with discussions and sharing on key topics from national and international speakers on policy aspects, growth trends of digital technology, and with exchange of experiences and excellence in accelerating the digital revolution and the use of new technologies; while the second part is a digital exhibition format with exhibitions of digital technologies, products and solutions for the digital government, with the participation of ministries, institutions and national and international companies.
Information Senior Officials To Attend Training Course On Leading Digital Transformation Tomorrow
Phnom Penh, February 20, 2024 --Senior officials of the Ministry of Information are going to join their counterparts from other ministries and institutions in a three-day training course on Leading Digital Transformation at the Institute of Digital Governance (IDG).The course aims to get basic concepts in leading digital transformation to contribute to the implementation of Cambodia Digital Government Policy 2022-2035.The short training course is scheduled on Feb. 21-23 and Mar. 13-15 for the 1st session and 2nd session, respectively, for the level from Deputy Director General to Secretary of State.Once completed, the trainees will be aware of the current situation of the revolution of digital technology, the roles of digital technology in development process, digital use and practice in socio-economic development, and gain advantages from the potential of technology.In addition, they will be alert to the roles of digital technology in economic sector, leading digital transformation, and fourth industrial revolution (4IR), plus general situation of digital governance and its significances in ministries/institutions.Moreover, the participants will comprehend Cambodia Digital Economic and Society Policy 2021-2035 and Cambodia Digital Government Policy 2022-2035, along with information identification needed via Internet, searching information securely via Google and social networks, as well as fact and fake news identification.Furthermore, the applicants will gain knowledge in information security and privacy, information security threats, law on international cyber security, and recommendations on cyber security.
Cambodia, WB To Boost Health Collaboration
Phnom Penh, February 01, 2024 --Cambodia and the World Bank (WB) have vowed to further strengthen and expand their health collaboration, especially in ensuring the effectiveness of the existing cooperation projects.The commitment was made in a courtesy meeting between H.E. Koy Vanny, Secretary of State at the Cambodian Ministry of Health and visiting Dr. Ronald Upenyu Mutasa, WB’s East Asia and Pacific Regional Operations Manager for Health, Nutrition and Population, in Phnom Penh on Jan. 31.Both sides discussed the outcomes, challenges and solutions of the ongoing projects, including Cambodian Nutrition Project, Strengthening Pre-Service Education System for Health Professionals Project, and the Health Equity and Quality Improvement Project-Phase 2 (H-EQIP-2).H.E. Koy Vanny spoke highly of the significance of the above-said projects in contribution to the achievement of the health strategic plan as well as health priorities toward the achievement of Universal Health Coverage (UHC) in accordance with the Pentagonal Strategy of the 7th-mandate Royal Government of Cambodia.For his part, Dr. Ronald Upenyu Mutasa said the ongoing projects demonstrate the Royal Government’s commitment to enhancing the people’s health and the strong partnership between the WB and the Ministry of Health.
Some 1,300 Underprivileged Students Enroll at NPIC
Phnom Penh, December 25, 2023 --Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC).The figure was shared recently by H.E. Bun Phearin, NPIC Director, reaffirming the institute’s readiness to contribute to the Royal Government’s efforts in equipping underprivileged youths with technical and vocational skills.NPIC is a non-profit institution whose only goal is to focus on the quality of training, underlined the director.According to H.E. Kata Orn, Secretary of State and Spokesperson of the Ministry of Labour and Vocational Training, 13,587 young people from across the country have so far registered for the training programme.On Nov. 14, 2023, Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, officially launched the technical and vocational training programme for 1.5 million young people from poor and vulnerable families.
Some 1,300 Underprivileged Students Enroll at NPIC
Phnom Penh, December 25, 2023 --Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC).The figure was shared recently by H.E. Bun Phearin, NPIC Director, reaffirming the institute’s readiness to contribute to the Royal Government’s efforts in equipping underprivileged youths with technical and vocational skills.NPIC is a non-profit institution whose only goal is to focus on the quality of training, underlined the director.According to H.E. Kata Orn, Secretary of State and Spokesperson of the Ministry of Labour and Vocational Training, 13,587 young people from across the country have so far registered for the training programme.On Nov. 14, 2023, Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, officially launched the technical and vocational training programme for 1.5 million young people from poor and vulnerable families.
Subway Network, More Public Transport and Air Routes in Government’s Pipeline
Phnom Penh, November 16, 2023 --The Royal Government of Cambodia is further expanding public transport, firming up a subway network, and increasing air routes.Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet shared the plans when presiding over the official inauguration of the Twin Dragon Bridge connecting National Road 1 to Koh Norea development area and the cable-stayed concrete bridge connecting Koh Norea to Koh Pich satellite city in Phnom Penh in the afternoon of Nov. 15.Promoting public transportation means and infrastructure is a top priority of the Royal Government of Cambodia to ease mobility and expand key cities.With a green approach centred around the reduction of emissions and environmental conservation, the endeavour will serve as a backbone and accelerate inclusive and sustainable growth.The Royal Government of the 7th legislature of National Assembly is focusing on five key priorities: people, roads, water, electricity, and technology.
API Linkage on Investor ID Online and Trading Account Online Launched
Phnom Penh, October 25, 2023 --Securities and Exchange Regulator of Cambodia (SERC) and Cambodia Securities Exchange (CSX) signed on here today the API (Application programming interface) linkage on investor ID online of Securities and Exchange Regulator of Cambodia and opening trading account online of Cambodia Securities Exchange.The linkage will make it possible to open a trading account promptly, especially online trading accounts, according to a statement.The linkage makes a complete creation of an online trading account opening system, where investors can quickly request an investor identification number and open a single account, read the statement.Investors will get securities trading accounts instantly and efficiently. After getting an account, investors can deposit money into a trading account and start investing immediately, it said.H.E. Hong Sok Hour, CEO of CSX, said that the securities market is growing rapidly, with the number of investors sharply increasing by about 40 percent in 2023 to about 13,000 accounts and is expected to increase to about 100 percent to roughly 30,000 and 50,000 accounts in 2024 after launching trading accounts online.“While we can open trading accounts immediately and easily, most stock prices are so cheap and attractive that I can call it a golden opportunity for investors,” H.E. Hong Sok Hour underlined.CSX has received a total of 20 listed companies, including 11 equity firms and nine corporate bond firms, collecting a total capital of US$330 million.
MPWT, AI Technology Pte. Ltd. Discuss Cooperation in AI Modernisation in Cambodia
Phnom Penh, October 17, 2023 --Cambodia’s Ministry of Public Works and Transport (MPWT) and AI Technology Pte. Ltd. has discussed the possibility of cooperation in the modernisation of Artificial Intelligence (AI) in contribution to Cambodia's infrastructure development.The discussion took place here on Oct. 16 between H.E. Peng Ponea, Minister of Public Works and Transport and Mr. Lim Hua Nam, Director General of AI Technology Pte. Ltd.According to MPWT, the cooperation will contribute to the development of road, railway and waterway in Cambodia, with an aim to modernise the sector of public works and transport with high resilience in accordance with the digital society.Such the cooperation will also contribute to the Pentagonal Strategy-Phase I of the Royal Government of Cambodia,
Switzerland to Assist Cambodian Technical Training
Phnom Penh, October 11, 2023 --Switzerland has vowed to assist Cambodia in training technical skills to further develop the capacity of Cambodian youth.The commitment was made by H.E. Pedro Zwahlen, Ambassador of Switzerland to Cambodia, Thailand, and Laos, during a meeting with H.E. Heng Suor, Minister of Labour and Vocational Training, here in Phnom Penh on Oct. 9.H.E. Heng Suor recalled Switzerland's contribution to technical skill training for Cambodian trainers and trainees.The capacity development covers green technical training in the north-eastern part of Cambodia, air conditioner maintenance and repair, electrical installation for buildings, motorcycle repair, lime and brick work, and general repair.The minister spoke highly of the support since 2017 that has enabled the trained Cambodian youths to secure decent jobs through the National Employment Agency (NEA) of the Ministry of Labour and Vocational Training.The two also discussed the draft law on Technical and Vocational Education Training (TVET), whose technical details will be reviewed in the near future.
Fintech Development Policy Gives Impetus to Cambodia’s Digital Economy and Society Development
Phnom Penh, October 04, 2023 --The Cambodia Financial Technology Development Policy 2023-2028 will give an impetus to the development of Cambodia’s digital economy and society, said H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.He made the remarks in a dissemination workshop on “Cambodia Financial Technology Development Policy 2023-2028” at Hyatt Regency Phnom Penh Hotel on Oct. 4.“I firmly believe that the implementation of the policy with high efficiency will help Cambodia to benefit in advance from digitalisation in the financial sector and to provide opportunities to all parties to contribute impetus to the development of Cambodia’s digital economy and society,” H.E. Dr. Aun Pornmoniroth said.The Digital Economy and Business Committee (DEBC) organised the workshop with an aim to widely disseminate the policy in the spirit of promoting the implementation of the policy and continuing to promote the development of FinTech in Cambodia.The workshop was attended by high-ranking officials who are representatives from relevant ministries, public institutions and regulators, embassies, banking and financial institutions, educational institutions, insurance companies, local and international private companies, and other relevant associations.In the process of policy formulation, it pointed out, the DEBC has previously organised five workshops to gather valuable input to ensure the conciseness, flexibility, and inclusiveness of the Policy.The five workshops include (1) The National Consultation Workshop on Policy and Direction of Cambodia's FinTech, (2) The Role of Insurance Sector and FinTech in Digital Economy in Cambodia, (3) The Role of Banking Sector and FinTech in Digital Economy in Cambodia, (4) The FinTech Stage of Cambodia Tech Expo 2022, and (5) The Roles of Decentralised Finance and Data Protection Framework in FinTech Development in Cambodia.
Cambodia Kick-Started Digital Community, Try It
Phnom Penh, September 28, 2023 --The Ministry of Posts and Telecommunications has officially launched the Digital Community of Cambodia to promote a pool of digital experts, networking, and knowledge sharing and expansion in the area.H.E. Chea Vandeth, Minister of Posts and Telecommunications, presided over the launch of the digital community on Sept. 27 at the Cambodia Academy of Digital Technology.The minister noted that the community will play a crucial role in Cambodia's digital technology human resource development, both within and outside the country.The initiative will ensure the success of the Cambodian Digital Government Policy 2022–2035 rollout and contribute significantly to the realisation of the overarching Pentagonal Strategy Phase I of the Royal Government, he added.It will support the government in identifying, supplying, and engaging digital professionals and workforce for sectors across the country, as well as promoting the digital government.While assisting educational institutions to develop students' digital knowledge, experience, and skills, the community will serve as a connection between qualified candidates for jobs, especially in the private sector.For digital talents and experts, the community will provide them with networking opportunities both to obtain new knowledge and skills and to further advance them.H.E. Chea Vandeth called on all the players and the public to take advantage of the initiative by exploring the digital community's website (https://dcc.gov.kh) and reaching out to the team in charge for detailed information.
S. Korea Assists in Digital Education Training for Cambodian Teachers
Phnom Penh, September 26, 2023 --The Republic of Korea has assisted Cambodia in providing digital education training on "E-Learning Programme for Cambodian Teachers."The training took place in Busan, RoK, from Sept. 18 to 24, with the participation of 20 Cambodian teachers and education staff, including six women, from the Ministry of Education, Youth, and Sports and schools.Organised by RoK's Busan Educational Department in collaboration with Cambodia's Ministry of Education, Youth, and Sports, the training aimed to promote the use of IT to facilitate teaching and learning.Through the training, Cambodian teachers have attained new knowledge and experience responsive to the industrial revolution 4.0 in the education sector, said Mr. Sok Tha, Director of IT Department of the Ministry of Education, Youth, and Sports.He thanked RoK's Busan Educational Department for organising the important training for Cambodian teachers, with particular focus on the use of artificial intelligence (AI) technology, the artificial study of the metaverse, and coding.The collaboration between Cambodia's Education Ministry and RoK's Busan Educational Department has significantly contributed to reducing the digital gap in Cambodia's education and supporting the ministry's reforms on the development of educational staff capacity.