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Angkor Times
Angkor TimesExperienced
Asked: December 6, 2025In: Tech

Women’s Leadership Takes Center Stage at CTExpo 2025

The second day of the eighteenth Cambodia Trade Expo 2025 placed a strong emphasis on women’s leadership in the national business landscape, signaling a major push toward greater gender inclusivity in commerce. The event showcased a dedicated forum that celebrated ...Read more

The second day of the eighteenth Cambodia Trade Expo 2025 placed a strong emphasis on women’s leadership in the national business landscape, signaling a major push toward greater gender inclusivity in commerce. The event showcased a dedicated forum that celebrated women’s contributions in multiple sectors while stressing the urgency of widening opportunities for female entrepreneurs to participate meaningfully in trade and economic development. With growing interest from policymakers, development partners and the private sector, the expo reinforced a shared commitment to elevating women as drivers of growth and innovation.

Women’s Leadership Takes Center Stage at CTExpo 2025

Women in Commerce Forum Highlights the Gender Agenda

Organised by the Ministry of Commerce’s Gender Working Group, the “Women in Commerce” forum served as a platform to recognise women’s vital economic roles and to encourage more active engagement in entrepreneurship, trade and commercial governance. Attendees included representatives from government institutions, financial organisations, development agencies and established private sector players. Their discussions provided valuable insights drawn from real experiences, particularly around how to empower women to enter and advance in business despite ongoing constraints.

Underscoring Women’s Role in Economic Growth

Keynote speaker Serei Borapich, Secretary of State at the Ministry of Commerce, emphasised that women remain central to Cambodia’s economic growth yet often lack the recognition and support they deserve. She highlighted that women-owned micro, small and medium enterprises represent a substantial share of the economy, especially in retail, services and light manufacturing, but many female entrepreneurs continue to face difficulties in scaling their operations. “Women in Cambodia possess enormous entrepreneurial potential, but access to finance, digital skills, market information and networking opportunities remains limited for many,” she said. “Strengthening women’s participation in commerce is not only a matter of equality, but also essential for national economic competitiveness.”

Persistent Challenges Facing Female Entrepreneurs

Chan Pheary, President of the Cambodian Women Entrepreneurs Association, echoed these concerns, stressing that although the number of women-led businesses is rising, structural and operational obstacles still limit their growth. Many women struggle to move beyond small scale operations, penetrate export markets or navigate complex regulatory processes. “Cambodian women are resilient and innovative, but they often operate with fewer resources and face more risks,” Pheary said. “Support mechanisms such as mentorship, training and inclusive financing are vital to help women entrepreneurs move from survival businesses to growth-driven enterprises.” Her remarks reinforced the need for sustained institutional support to ensure female entrepreneurs can transition into competitive business leaders both locally and regionally.

Growing Importance of Digital Skills and Financial Literacy

Speakers from development organisations and financial institutions further highlighted the role of digital transformation and financial literacy in helping women succeed in commerce. They shared ongoing initiatives aimed at boosting capability among women led MSMEs, including specialised credit schemes, skills development programmes and regional networking platforms. These efforts are designed to bridge gaps that hinder women from accessing modern tools, expanding into new markets and strengthening their businesses in an increasingly technology driven economy.

Inspiring the Next Generation of Women Leaders

The forum also offered a series of panel discussions and experience sharing sessions featuring women who lead across diverse sectors. Their stories aimed to motivate younger women to pursue entrepreneurship and step confidently into leadership roles. Organisers underscored that the event is part of the Ministry of Commerce’s wider agenda to integrate gender equality into trade policies and create a more inclusive and supportive commercial environment for all.

CTExpo 2025 Opens Opportunities for Business Engagement

Taking place at the PH Grand Hall at Borey Peng Huoth Boeng Snor in Phnom Penh, CTExpo 2025 runs from December 4 to 7 and is open to the public at no cost. Visitors are encouraged to explore a wide variety of products and services from both local and international exhibitors. Alongside the displays, thematic forums continue to promote innovation, entrepreneurship and Cambodia’s expanding trade potential, making the expo an essential platform for businesses, investors and aspiring entrepreneurs.

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Angkor TimesExperienced
Asked: December 18, 2025In: Tech

Cambodia Reaffirms Its Commitment to Inclusive Digital Development

Cambodia has reiterated its long term commitment to building a people centred, inclusive and development orientated digital society, while urging stronger regional and international cooperation to close the global digital divide, particularly for least developed countries. This position was articulated ...Read more

Cambodia has reiterated its long term commitment to building a people centred, inclusive and development orientated digital society, while urging stronger regional and international cooperation to close the global digital divide, particularly for least developed countries. This position was articulated at the High level Meeting of the United Nations General Assembly in New York, convened to review the implementation of the World Summit on the Information Society outcomes, where Cambodia underscored the importance of ensuring that digital progress benefits all citizens without exclusion.

Cambodian Permanent Representative to the UN, Ambassador Keo Chhea

National Priorities Highlighted at the United Nations

Speaking at the UN forum, Cambodia’s Permanent Representative to the United Nations, Ambassador Keo Chhea, outlined the Kingdom’s national digital priorities and shared its perspectives on global digital governance. He stressed that Cambodia’s digital agenda is closely aligned with international frameworks, particularly the WSIS vision, which seeks to create an information society where “everyone can create, access, utilise and share information and knowledge.” His remarks positioned Cambodia as an active participant in shaping a fairer and more balanced global digital future.

Digital Transformation Under the Pentagonal Strategy

Ambassador Keo highlighted that Cambodia’s digital transformation is being advanced through the Pentagonal Strategy Phase I, which places digital development at the core of national growth. He emphasised that the country is entering what he described as “a new era of democratisation of access to knowledge (and) technologies.” This strategic direction reflects Cambodia’s ambition to use digital tools as a catalyst for inclusive economic and social development across the nation.

Policy Frameworks Driving Digital Growth

Digital transformation has been designated as the fifth pillar of Cambodia’s national development plan, serving as a key driver of sustainable development. To operationalise this vision, the government is implementing the Digital Economy and Society Policy Framework alongside the Digital Government Policy. Together, these frameworks aim to expand digital connectivity, strengthen human capital, modernise public services and ensure that technological progress delivers tangible benefits to all segments of society, including underserved and rural communities.

WSIS as a Pillar of Global Digital Governance

In the broader global context, Ambassador Keo stressed that the WSIS process must remain a central pillar of global digital governance, especially for least developed countries that continue to face structural barriers to accessing digital technologies. He warned that without sustained international focus, existing inequalities in digital access could widen, undermining global development efforts and leaving vulnerable populations further behind.

Bridging the Digital Divide Through Collective Action

The Cambodian envoy outlined two key priorities, beginning with a call for the international community to intensify collective efforts to narrow the persistent digital divide. He cautioned that unequal access to technology poses a serious risk to inclusive development and stated, “It is imperative that we collectively redouble our efforts to bridge the persistent digital divide to ensure no one is left behind,” reinforcing the urgency of coordinated global action.

Strengthening International Cooperation for LDCs

Ambassador Keo also underscored the importance of enhanced international cooperation, calling for stronger South South, North South and triangular cooperation. He noted that such partnerships are vital for facilitating capacity building, technology transfer and knowledge sharing for developing and least developed countries. As he told delegates, “We call for further strengthening the South-South and North-South and Triangle Cooperation to facilitate essential capacity building, technology transfers and knowledge sharing for LDCs,” highlighting collaboration as a cornerstone of digital inclusion.

Cambodia’s Readiness to Build an Inclusive Digital Future

Concluding his intervention, Ambassador Keo reaffirmed Cambodia’s readiness to work closely with international partners to advance the WSIS goals and contribute to a secure and inclusive digital future. He stated, “Cambodia reiterates its firm commitment to materialising the WSIS visions and stands ready to work closely with all partners to build an open, secure and inclusive digital future for all.

Conclusion

Cambodia’s message at the United Nations reflects a clear and consistent vision of digital development that places people at its centre while recognising the necessity of strong international cooperation. By aligning national strategies with global frameworks such as WSIS and advocating for collective action to bridge the digital divide, Cambodia is positioning itself as a committed partner in shaping an inclusive, secure and development driven global digital society.

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Angkor TimesExperienced
Asked: December 19, 2025In: Tech

Digital Government Forum 2025: Here’s What You Need to Know

Digital Startups Spotlight Cambodia’s Evolving Digital Economy A new wave of technology driven startups emerged as a major highlight at the Digital Government Forum 2025, demonstrating how innovation is actively transforming Cambodia’s financial services, media landscape, transport systems, and property ...Read more

Digital Startups Spotlight Cambodia’s Evolving Digital Economy

A new wave of technology driven startups emerged as a major highlight at the Digital Government Forum 2025, demonstrating how innovation is actively transforming Cambodia’s financial services, media landscape, transport systems, and property management sector. The forum revealed a growing maturity within the country’s startup ecosystem, where entrepreneurs are no longer experimenting but delivering practical digital solutions designed to solve real world challenges. These young companies showcased how smart use of technology can improve efficiency, transparency, and access across key industries that directly affect businesses and everyday citizens.

Digital Government Forum 2025-What You Need to Know
Digital Government Forum 2025-What You Need to Know. Photo: B2B Cambodia

A National Platform for Digital Governance and Innovation

Organised by the Ministry of Post and Telecommunications, the Digital Government Forum 2025 took place from December 5 to 7 and served as a central meeting point for policymakers, private sector leaders, and technology entrepreneurs. The event focused on digital governance, connectivity, and innovation, offering startups a rare opportunity to present their ideas alongside established institutions. Within the Digital Startup showcase space, founders engaged directly with stakeholders, highlighting how their solutions align with Cambodia’s broader digital transformation goals and economic development priorities.

Connecting Traditional Banking with Blockchain Finance

Blockchain finance startup Monflo presented a vision of bridging conventional banking systems with decentralised finance to enhance transparency and efficiency. Founder and CEO Chhay Lin Lim explained that blockchain offers greater financial autonomy, especially for cross border transactions that are often slow and costly through traditional channels. Monflo enables users to transfer funds between standard bank accounts and blockchain finance using an International Bank Account Number, automatically converting deposits into stablecoins backed by the euro, US dollar, or Khmer riel for fast and affordable global transfers. “Blockchain technology makes money more transparent and verifiable,” Chhay Lin said, while also pointing out that regulators in Europe, the United States, Japan, and Hong Kong are increasingly accepting stablecoins, urging Cambodia to consider similar frameworks to remain competitive.

Simplifying Financial Choices Through AI Integration

FinLuy addressed one of Cambodia’s most persistent financial challenges which is fragmentation across nearly 150 financial institutions. Founder and CEO Niraj Gupta highlighted the absence of a single platform where consumers can easily compare financial products and make informed decisions. FinLuy aggregates services from banks and microfinance institutions into one AI powered platform, allowing users to compare offerings, learn about financial products, and apply directly. By using AI driven recommendations, the platform matches users with products suited to their specific needs. “Our goal is to bring transparency and fair access to financial products for everyone in Cambodia,” said Gupta.

Fighting Misinformation for a Digital Generation
Media startup Quick News positioned itself as a solution to misinformation among young audiences who primarily consume news through social media. Founder Sun Ratanak explained that the platform blends short video formats popular on TikTok and Instagram with content from trusted media outlets and verified creators. “What makes us different is that only trusted content creators and news organisations can publish on our platform,” he said. Beyond credibility, Quick News also focuses on sustainable journalism by sharing 40 per cent of its revenue with content creators, a significantly higher return than mainstream platforms. “If you want to reach Gen Z with factual content and earn fairly, QuickNews is the right platform,” Sun added.

Redefining Storytelling Through Personalised Digital Reading

Echo Weaver introduced a new approach to digital reading by offering personalised stories that evolve based on individual user preferences. Co founded by Seng Vosumtey, the platform allows readers to input ideas, characters, or themes and receive stories delivered chapter by chapter. Unlike traditional books or generic AI tools, Echo Weaver adapts over time as user interests change, creating a dynamic and immersive experience. “The story grows with you,” Seng explained. “It remembers your preferences and adapts as you change.”

Smart Platforms for Transport and Property Management

In the transport sector, TapApp demonstrated how digital platforms can simplify long distance travel across Cambodia. Representative Kim Tipvireak Rith explained that the service offers taxi bookings across all 25 provinces, selected cross border routes, car rentals, moving services, and pet friendly taxis supported by 24 hour customer service. The platform’s impact was underscored by receiving TripAdvisor’s Travellers’ Choice Award in both 2024 and 2025. In property management, Zoneer showcased tools designed to reduce manual workloads for landlords. Representative Seanghort Born explained that the platform automates utility tracking, invoice generation, and data collection, making it easier to manage rooms, apartments, and condominiums efficiently.

Conclusion

The Digital Government Forum 2025 highlighted the growing momentum of Cambodia’s innovation ecosystem, where startups are increasingly delivering solutions that respond to everyday needs across finance, media, transport, and property. These emerging companies reflect a broader shift toward practical digital adoption, positioning Cambodia to strengthen efficiency, transparency, and competitiveness as it continues its journey toward a digitally enabled economy.

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Angkor TimesExperienced
Asked: March 10, 2025In: Money, Tech

How Many Financial Institutions Operate the Bakong System in Cambodia?

Cambodia has rapidly embraced digital transformation, particularly in its financial sector. One of the most significant milestones in this journey is the introduction of the Bakong System, an advanced payment platform developed by the National Bank of Cambodia (NBC). Launched ...Read more

Cambodia has rapidly embraced digital transformation, particularly in its financial sector. One of the most significant milestones in this journey is the introduction of the Bakong System, an advanced payment platform developed by the National Bank of Cambodia (NBC). Launched in October 2020, Bakong is a blockchain-based interbank payment system that facilitates seamless transactions between different financial institutions, promoting financial inclusion and efficiency.

How Many Financial Institutions Operate the Bakong System in Cambodia?
How Many Financial Institutions Operate the Bakong System in Cambodia? Photo by AI

Unlike traditional banking methods, Bakong integrates banks, microfinance institutions (MFIs), and payment service providers (PSPs) into a single digital platform. It enables users to make real-time transactions, regardless of the financial institution they are registered with. The system is compatible with KHQR Code payments, allowing merchants and consumers to process digital transactions effortlessly across multiple providers.

One of the key objectives of Bakong is to bridge the financial gap by offering secure and accessible digital payment options to both urban and rural populations. Cambodia has seen an impressive rise in mobile banking adoption, thanks to high smartphone penetration and improved internet access. The Bakong system, in particular, has significantly contributed to reducing reliance on cash transactions, enhancing transparency, and lowering operational costs for financial institutions and businesses alike.

Beyond domestic transactions, the system also supports cross-border payments, particularly with countries like Thailand, Laos, Vietnam, Malaysia, and India, fostering stronger regional financial integration. Given the increasing popularity of cashless payments, Bakong is expected to play an even more pivotal role in Cambodia’s digital financial landscape in the years to come.

How Many Financial Institutions Operate the Bakong System in Cambodia?

According to the 2024 annual report from the National Bank of Cambodia, as of 2024, a total of 69 financial institutions were part of the Bakong system. Out of these, 60 institutions had already officially launched their services, while 9 others were in the process of implementing the system.

The adoption rate of Bakong has been steadily increasing, reflecting a growing trust in digital financial transactions. The same report highlights that in 2024, the number of registered users of the Bakong system reached 642.5 thousand accounts, marking a 7% increase compared to 2023.

Additionally, banking institutions and payment service providers have expanded their services under Bakong. The number of customers with bank accounts or e-wallets who can transact via the Bakong system (also referred to as “Customer Reached”) is now estimated at 30 million accounts—approximately 1.69 times the total population of Cambodia.

Growth of KHQR Code Payments in Cambodia

Another important feature of the Bakong system is its KHQR Code payment function, which simplifies digital transactions. As of the end of 2024, financial institutions had successfully registered 4.5 million merchants to accept payments via KHQR Code, representing a 36.4% increase from the previous year. This surge highlights the rising preference for digital payment solutions among Cambodian businesses and consumers.

The Impact of the Bakong System on Cambodia’s Economy

The widespread adoption of the Bakong system has had numerous positive impacts on both the Cambodian public and the government. Dr. Hong Vannak, an economic analyst at the Royal Academy of Cambodia, has emphasized the growing popularity of digital payments among various demographics, especially in urban areas with reliable internet access.

Benefits for Consumers:

  1. Convenience – Users can make payments without carrying cash, reducing risks associated with theft or loss.
  2. Speed – Transactions are completed instantly, improving efficiency.
  3. Security – Eliminates concerns over counterfeit money.
  4. Health Safety – Reduces the risk of disease transmission through cash handling.

Benefits for the Government:

  1. Lower Operational Costs – Reduces the need for printing physical banknotes.
  2. Enhanced Financial Transparency – Facilitates better monitoring of money flows.
  3. Support for Financial Inclusion – Encourages more people, including those in rural areas, to engage in formal financial activities.

Conclusion

The Bakong System has revolutionized Cambodia’s digital payment landscape, fostering financial inclusion and economic efficiency. With 69 financial institutions participating, and over 30 million potential users, the platform continues to grow as a key driver of Cambodia’s cashless economy. Its KHQR Code feature further enhances accessibility and ease of transactions, making digital payments a mainstream option.

As Cambodia continues to integrate innovative financial technologies, the Bakong system is expected to play a central role in shaping the country’s economic future, reinforcing digital payments as an essential component of everyday transactions.

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Angkor TimesExperienced
Asked: December 6, 2025In: Tech

Cambodia Unveils Ambitious 100-Hectare Digital Hub to Accelerate Innovation

Cambodia is taking a bold leap toward becoming a regional technology powerhouse with plans to develop its first-ever 100-hectare digital hub, a landmark initiative announced by Minister of Post and Telecommunications Chea Vandeth. Revealed during the opening of the “Digital ...Read more

Cambodia is taking a bold leap toward becoming a regional technology powerhouse with plans to develop its first-ever 100-hectare digital hub, a landmark initiative announced by Minister of Post and Telecommunications Chea Vandeth. Revealed during the opening of the “Digital Government Forum 2025 and Related National and International Events,” the project, presided over by Vongsey Vissoth, Permanent Deputy Prime Minister and Minister-in-Charge of the Office of the Council of Ministers, underscores the government’s long-term commitment to digital transformation, reduced paper dependency, and enhanced global competitiveness. According to Minister Vandeth, “The project aims to transform Cambodia into a digital hub to promote transformation, entrepreneurship, innovation, and skills development in the digital sector. It is designed to support startups, modernize education, provide robust data infrastructure, and attract investment companies, particularly by creating an ecosystem that links education and training with industries in the digital sector,” emphasizing the strategic intent behind the initiative.

Cambodia Unveils Ambitious 100-Hectare Digital Hub to Accelerate Innovation
Cambodia Unveils Ambitious 100-Hectare Digital Hub to Accelerate Innovation

A Strategic Vision for Innovation, Startups, and Digital Readiness

The upcoming digital hub is envisioned as a multi-purpose ecosystem that nurtures entrepreneurship, encourages innovation, and supports new business growth. Its advanced infrastructure and integrated approach will directly connect digital industries with education and training institutions, creating a seamless pipeline for digital skills development and job creation. By attracting investors and providing a modern environment for startups, the government aims to build a dynamic digital economy capable of competing on a global scale.

Strengthening Human Capital Through Digital Skills Training

To support this vision, the government is heavily investing in human capital. Currently, around 1,650 students and civil servants are enrolled in digital skills training aligned with national policy, while more than 3,500 top-performing students, those earning A, B, and C grades, have been awarded scholarships for digital programmes at partner higher education institutions. Minister Vandeth noted that the ministry has already trained approximately 13,000 officials nationwide and is preparing a financial-aid programme to ensure students without scholarships can still access essential digital courses at the higher-education level.

Expanding Digital Learning Infrastructure Across Cambodia

Infrastructure development is another major pillar of the digital transformation strategy. The ministry is implementing pilot digital classrooms in 60 primary schools, establishing technology centres in public high schools, and creating digital technology hubs within partner universities. These efforts are complemented by digital literacy campaigns, curriculum upgrades, and youth engagement programmes designed to ensure the next generation is fully equipped to thrive in the digital economy.

Long-Term Goal: Training 100,000 Digital Professionals

With the Digital Skills Development Roadmap as a guiding framework, Cambodia aims to produce at least 100,000 digital professionals over the next decade. This long-term target reflects the government’s recognition that skilled talent is the backbone of any successful digital economy. The new digital hub is expected to play a central role in achieving this ambition by serving as both a skills incubator and an innovation catalyst for Cambodia’s future workforce.

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