Southeast Asia Information Port News (www.dnyxxg.com) – The National Bank of Cambodia (NBC) officially launched its "Financial Sector Development Strategy 2025-2030" at a grand press conference on the 17th of this month. This strategy aims to inject new momentum into Cambodia's sustainable economic growth by building a robust financial system, improving market infrastructure, and promoting the application of cutting-edge technologies.
At the launch ceremony, NBC Governor Chea Sireh pointed out that the leapfrog development of the financial sector has become a core engine for driving national economic growth, promoting social equity, and contributing to poverty reduction. Currently, Cambodia's banking system maintains sound operation with a healthy capital adequacy ratio. In particular, the nationwide adoption of electronic payment systems has significantly improved the convenience of financial services.
Chea Sireh emphasized that while the banking system is being consolidated, non-bank financial sectors such as insurance, securities, pensions, and financial infrastructure are also undergoing continuous and in-depth reforms, and their supporting role in national economic development is increasingly strengthened.
Regarding the external environment, Xie Silei stated that although the lingering effects of the COVID-19 pandemic, global supply chain disruptions, geopolitical tensions, and trade frictions have brought significant uncertainty to the global economy, a sound and resilient financial system remains a crucial cornerstone for resisting external shocks and improving people's quality of life.
In his address, Cambodian Deputy Prime Minister and Minister of Economy and Finance, Aun Pornmoniroth, provided an in-depth analysis of the current economic situation. He pointed out that even against the backdrop of rising unilateralism, global economic fragmentation, and climate change, Cambodia's economy has demonstrated strong resilience.
According to the latest forecasts, Cambodia's economy is expected to achieve a significant recovery in the post-pandemic era, with an estimated growth of approximately 5.2% in 2025; the growth rate is projected to remain around 5% in 2026.
To ensure the long-term security of the financial system, Deputy Prime Minister Aun Pornmoniroth called on the National Bank to accelerate the implementation of relevant legislation and systems to protect depositors' interests; improve the Key Risk Indicators (KRI) and early warning system to enhance the ability to respond to sudden financial risks; and continuously optimize the financial ecosystem to provide a solid guarantee for safeguarding national financial security.
The implementation of the Financial Sector Development Strategy 2025-2030 marks a solid step forward for Cambodia toward a modern, digital financial system, and will provide strong financial support for the country to achieve its goal of becoming an upper-middle-income country by 2030.
