Vattanac Bank Partners with General Secretariat of the Digital Economy and Business Committee for Digital Platform Registration of the Informal Economy
Vattanac Bank, a leading commercial bank in Cambodia, has signed a Memorandum of Understanding (MoU) with the General Secretariat of the Digital Economy and Business Committee. This collaboration aims to promote the registration of businesses within the informal economy through Vattanac Bank Mobile Application (VB App) and across all 41 Vattanac Bank branches nationwide.
The Cambodian government officially launched the Digital Platform for Onboarding the Informal Economy on December 16, 2024, under the presidency of Prime Minister Hun Manet. This platform aims to facilitate the voluntary and secure registration of informal economy participants through an easy-to-use digital system. Through this initiative, informal economy workers can access vital benefits such as social security, formal financial services, skills training, and government support programs.
In alignment with Cambodia’s National Strategy for Informal Economy Development 2023–2028, the General Secretariat of the Digital Economy and Business Committee has partnered with Vattanac Bank to create a Mini App within the Vattanac Bank Mobile Application. This initiative is designed to support the registration process for informal economy participants, available at all Vattanac Bank branches nationwide as well as on the award-winning VB App, ensuring fast and convenient registrations. Vattanac Bank has expressed its full commitment to aiding the Cambodian government's efforts to drive economic growth and provide capacity-building opportunities for informal workers across the nation.
H.E. Dr. Kong Marry, Secretary of State, Ministry of Economy and Finance and Secretary General, General Secretariat of the Digital Economy and Business Committee emphasised the importance of private sector involvement in collaborating with the government.
“The role of private sector partners, like Vattanac Bank, is essential in improving public access and fostering synergy between the public and private sectors,” he stated.
He further mentioned that this partnership represents the beginning of a strong alliance between the two organisations, with plans to collaborate on additional important projects to advance Cambodia’s economic and digital development.
“We are honoured to be part of this transformative initiative that will pave the way for inclusive economic growth in Cambodia. Vattanac Bank is committed to fostering a stronger, more sustainable and resilient economy while ensuring that everyone, from small entrepreneurs to self-employed individuals, can access vital financial services,” said Dr. Anthony Chin, CEO of Vattanac Bank.
See the tutorial video at the following links: Tiktok, Facebook.
For more information regarding Informal Economy registrations, please reach out to 1267 or Vattanac Bank's 24/7 customer care via 023 999 900, or visit www.vattanacbank.com for further information.
