Logo of Phnom Penh Post newspaper Phnom Penh Post - Central bank, telecoms ministry join hands to digitise economy

Central bank, telecoms ministry join hands to digitise economy

Content image - Phnom Penh Post
A customer checks the mobile application on her phone. Hong Menea

Central bank, telecoms ministry join hands to digitise economy

The National Bank of Cambodia (NBC) and the Ministry of Posts and Telecommunication signed a memorandum of understanding (MoU) aimed at fostering the country's ambitious plan of transforming itself into a digital economy over the next few years.

The MoU was signed virtually on April 29 between NBC director-general Chea Serey and ministry secretary of state Sok Puthivuth.

"Another milestone in our journey toward digital economy: MoU signing between the Ministry of Telecommunication and the National Bank of Cambodia. This MoU paves way for closer collaboration, dialogue and knowledge sharing between the two authorities. Collaboration is key in any endeavors," Serey wrote on her official Facebook page.

“If you want to go fast, go alone. If you want to go far, go together,” she added.

The government is currently drafting a 2021-2035 policy framework for Cambodia’s evolving digital socio-economic environment that it said will optimally boost economic growth.

The framework focuses on five major priorities – developing digital infrastructure, fostering digital trust and confidence, creating digital citizens, building the digital government and promoting digital businesses.


  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be