PHNOM PENH — In a major step toward modernizing Cambodia’s investment landscape, the Council for the Development of Cambodia (CDC) held a high-level meeting on Monday, December 15, 2025, to finalize the integration of six major commercial banks into its digital ecosystem.
The discussion, chaired by H.E. Heang Sotheayuth, Deputy Secretary General of the CDC’s General Secretariat in charge of Digital Technologies and Publicities, focused on linking the systems of these partner banks with the CDC One Stop Service Payment (cdcOSP) platform.
Accelerating Digital Public Services
The primary objective of this collaboration is to expand the reach of public service coverage by offering a diverse array of automated digital payment solutions. By connecting bank systems directly to the cdcOSP, the CDC aims to:
Boost Efficiency: Drastically reduce the administrative burden on investors.
Minimize Delays: Shorten waiting times for public service applicants through real-time processing.
Enable Flexibility: Allow transactions to be completed securely at any time and from any location.
The cdcOSP system, developed under the direct guidance of H.E. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the CDC, serves as the central hub connecting government service delivery with private financial institutions.
A Strategic Response to Global Volatility
Officials emphasized that this digital reform is not merely a technical upgrade but a “strategic readiness effort.” It is designed to enhance Cambodia’s investment climate, competitiveness, and attractiveness during a period of regional and global economic volatility.
By building a robust digital infrastructure, the government seeks to ensure the long-term resilience of the Cambodian economy, providing investors with the confidence to maintain and grow their operations within the Kingdom.
Roadmap to 2050
The initiative aligns with the Royal Government’s long-term vision under the leadership of Samdech Moha Borvor Thipadei, Prime Minister and Chairman of the CDC. Both the CDC and the six participating banks expressed strong confidence in the strategic plan to transition Cambodia into a high-income country by 2050.
Record-Breaking Growth in 2025
The push for digitization comes on the heels of a record-breaking year for Cambodian investment. According to a CDC report:
Project Growth: Investment projects surged from approximately 414 in 2024 to more than 600 projects in just the first 11 months of 2025.
Operational Speed: The timeframe for public service provision has been successfully optimized to just over 10 working days.
These achievements highlight the success of the CDC’s prioritization of digital transformation and the diligent efforts of its officials to streamline the investment process for the private sector.