Trust Regulator and HDAC Collaborate to Drive Trust Sector Advancement in Cambodia

• Sommana Yan
• 29 May 2023
• Local News
• 19424 Views

In a momentous event, the Trust Regulator and the Housing Development Association of Cambodia (HDAC) joined forces in a signing ceremony to mark the establishment of a Memorandum of Understanding (MoU). This strategic partnership aims to raise public awareness and foster active participation in Cambodia’s burgeoning Trust Sector, as revealed during the ceremony on 26th May 2023.

Under this collaborative agreement, the two entities will work hand in hand to enhance public knowledge and encourage engagement among members of the Housing Development Association of Cambodia, founders, entrepreneurs, and aspiring businesspeople alike.

The comprehensive MoU serves as a guide, enabling entrepreneurs to grasp the intricacies of governmental operations, thus facilitating their involvement and reaping the benefits within their respective business endeavors. Furthermore, this alliance strives to propel the growth of Cambodia’s banking sector through extensive awareness campaigns and widespread dissemination to the public.

The Trust Sector in Cambodia has experienced remarkable expansion, demonstrating significant growth potential. With ambitious targets set, the government envisions surpassing a remarkable milestone of more than $1 billion by the conclusion of 2023, underscoring the immense opportunities awaiting investors and industry players alike. (Read more)

• Cooperation and networking