Phon Narin (left), Managing Director of ACLEDA Institute of Business shaking hands during the signing of MoU with Sok Dara, Director General of the Trust Regulator, in Phnom Penh. (Photo: ACLEDA)

The Trust Regulator (TR) and ACLEDA Institute of Business (AIB) signed the Memorandum of Understanding (MoU) to improve and develop human resources in the field of the trust sector across all learning institutions in Cambodia.

The MoU signing ceremony was presided over by Sok Dara, director general of the Trust Regulator, in the presence of Phon Narin, managing director of ACLEDA Institute of Business, along with professors and representatives from finance and relevant institutions.

The MoU event was also attended by nearly 100 students under the theme of ‘Cooperation on Raising Awareness and Human Resources Development in the Trust Sector in the Kingdom of Cambodia’. It was held under the patronage of Aun Pornmoniroth, deputy prime minister and minister of economy and finance including the chairman of the board of the Non-Bank Financial Service Authority (FSA).

Addressing the opening ceremony, Dara said, “The government of Cambodia aimed to improve knowledge of non-banking finance management to all the students who are interested in the field. As such, the purpose of this MoU is to promote the understanding and dissemination information of about the trust sector as well as contribute to human resource development to reach out to all students across the Kingdom.”

He added that the TR will implement this strategy in many universities and education institutes in Cambodia and recently it has cooperated with Asia Euro University and organised a seminar to provide trust sector knowledge to the university’s student as well.

For his part, Narin appreciated the participation and cooperation of all the representatives and technical officers from the TR as well as members of the FSA, professors, students of AIB, trust companies, and operators for providing security services and evaluation companies in the field of trust sector.

He said that the MoU will open the opportunity like never before, as the students now are able to widely understand the working process of the trust sector in line with the requirement from the government. The project will prepare them for the upcoming investments from many international finance institutions.

Speaking to Khmer Times, Hong David, Administrative Accountant of Cambodia Adventist International School (CAIS) said, “Besides the non-banking finance course, the government has included more courses to boost student skills at high school level including, computer programming, 3D drawing, coding such as HTML and JavaScript.”

He added this project has been implemented into the study curriculum in less than one month. Through this project, all the teachers and professors are expected to prepare students for digital technology which will require a lot of digital skills in the future.


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