Promoting Banking and Financial Sector Development in Cambodia: Insights from JOBS & SKILLS SUMMIT 2023
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The JOBS & SKILLS SUMMIT 2023, held at the National University of Management (NUM), provided valuable insights on promoting the banking and financial sector in Cambodia. H.E Touch Visalsok, Secretary of State, Ministry of Education, Youth and Sports highlighted several ideas to enhance the sector’s human resources and overall quality:
Encouraging the younger generation to pursue education in banking and finance, while focusing on improving the quality of education and training.
Implementing strategies at all levels to attract and retain talented staff, emphasizing the importance of research and development.
Actively involving banking and financial institutions in providing internship opportunities for students, providing a reasonable stipend to support their studies.
Expanding cooperation between the public, private, education, and development sectors in curriculum development.
H.E Dr. HOR Peng, Rector of the National University of Management (NUM), emphasized the university’s commitment to building human resources for the banking and financial sector, contributing to social and economic development in Cambodia.
Key points from his address included:
NUM’s partnerships with numerous countries to offer exchange programs and dual degrees, fostering international collaboration and knowledge exchange.
The signing of a Memorandum of Understanding to address the real needs of the banking and financial sector, focusing on integrating essential subjects such as retail landing and compliance.
The discussions at the summit echoed the Cambodian government’s ambition to transform the country into a high-income nation by 2050. By investing in human capital and facilitating partnerships between academia and industry, Cambodia aims to create a vibrant banking and financial sector that supports economic growth and fulfills the government’s development goals.
Overall, the JOBS & SKILLS SUMMIT 2023 highlighted the importance of education, cooperation, and innovation in promoting the banking and financial sector in Cambodia. These efforts aim to equip the younger generation with the necessary skills and knowledge to succeed in this vital industry, while contributing to the country’s long-term economic prosperity.
