The virtual signing ceremony for the Memorandum of Understanding between the four organizations was held on 1 September 2022, with Mr. Seiichiro Akita, Krungsri President and Chief Executive Officer; Mr. Yoshiyuki Horio, Krungsri Head of Japanese Corporate and Multinational Banking (JPC/MNC Banking); Mr. Sam Tanskul, Managing Director at Krungsri Finnovate, Dr. Nguonly Taing, Executive Director at Techo Startup Center and Mr. Leng Tong Hout, President & Chief Executive Officer at Hattha Bank Public Company Limited, participating in the ceremony. This MoU was concluded in order to strengthen the cooperation between Thailand and Cambodia in digital-related fields. Krungsri Finnovate will join Techo Startup in nurturing Cambodian startups through knowledge transfer programs as well as promoting marketing opportunities for these startups to be recognized in Thailand.
Mr. Seiichiro Akita, Krungsri President and Chief Executive Officer, spoke of this signing ceremony, "According to Krungsri's 2021-2023 Medium-Term Business Plan, we aim to build the ecosystem and partnership, and develop digital and information technology. ASEAN enhancement and expansion is also one of the key strategic directions under the MTBP that we commit to build connectivity across ASEAN markets to carry on our leadership in this region. The collaboration through this MoU conforms to our vision and mission to strengthen the technological advancement in Thailand as well as the business growth in ASEAN. We believe that our expertise together with MUFG strong network can support business expansion for startups in Cambodia and reinforce the continuation of economic growth of both countries. Krungsri is very delighted about this partnership and we are ready to participate in the continual development of the technological industry through our full collaboration.
Dr. Nguonly Taing, Executive Director at Techo Startup Center, said, "The Cambodian government has set the goal to drive the new form of national development with digital economy and has promulgated the digital economy and society policy framework for the country nation by laying the foundations to promote digital adoption that will lead to all aspects of social transformation in order to accelerate economic growth and promote social welfare in the new form. To facilitate this effort, the government has initiated the establishment of various relevant organizations, including the Techo Startup Center, which has the following 4 major missions: 1) To nurture startups to grow into successful businesses; 2) To build a startup ecosystem in Cambodia through a wide range of programs and activities; 3) To conduct research and draft out policy recommendations in the area of digital economy; and 4) to develop the factors for driving digital transformation. In order to achieve these missions, Techo Startup Center needs to work together with both domestic and international organizations to enhance its operational efficiency and create awareness. We are currently in good collaboration with Hattha Bank and thank Krungsri and Krungsri Finnovate for joining us in this MoU signing. We hope that this collaboration will bring about successful support and promotion for startups, creation of startup ecosystem and expansion of investment opportunities for digital business in Cambodia.
Source: Bank of Ayudhya