Exciting collaboration is on the horizon in the education sector! Liberty Technology and Vietnam’s DotB Education Technology Open Platform are set to sign a highly anticipated Memorandum of Understanding in Cambodia, jointly committed to advancing the education sector in Cambodia. This significant partnership will bring new opportunities and possibilities to Cambodia’s education landscape.
First, let’s take a look at Cambodia’s economic and living conditions. Over the past 20 years, Cambodia has experienced remarkable economic growth, with a GDP approaching $30 billion in 2022 and a per capita income exceeding $1,700, while inflation rates have remained stable. Foreign Direct Investment (FDI) has been steadily increasing, with FDI stock totaling $4.45 billion by 2022, even in the face of the COVID-19 pandemic. The country’s infrastructure has seen continuous improvements, including enhanced connectivity between key cities through aviation, ports, railways, and road development. Furthermore, significant investments have been made in digital infrastructure, making digital services accessible to people at affordable prices, including mobile data.
Cambodia’s digital landscape is rapidly evolving, with mobile data costs ranking among the lowest in Southeast Asia, at just $0.12 per 1GB. This has led to the widespread adoption of smartphones and digital technologies in daily life, encompassing various areas such as transactions, banking, and e-commerce. The number of electronic wallet accounts has been soaring, with expectations to reach 19.5 million by the end of 2022, underscoring the enthusiasm of the Cambodian population for digital payments.
In Cambodia, there is a significant demand for education, especially in informal classrooms where foreign language courses and computer literacy are most common. In the academic year 2020-2021, the total number of students reached 3.2 million, while there were 171,183 bachelor’s degree students in the 2019-2020 academic year. In 2022, the school-age population (aged 5-24) reached 5.9 million, highlighting the high demand for education. The Cambodian government has recognized this demand and allocated substantial funds to the education sector, with a total education expenditure of 82,503.8 million Riel in 2022 and a planned expenditure of 85,666.3 million Riel in 2023. Additionally, there is a significant demand for educational technology in the Cambodian market, with notable companies playing a crucial role in the education management system sector. It is evident that the Cambodian government’s focus and support for education are continuously growing to meet the educational needs of the people and enhance the overall education standards.
In this context, the collaboration between Liberty Technology and the DOTB Education Technology Open Platform undoubtedly brings new hope to Cambodia’s digital education sector. Liberty Technology, as a company deeply rooted in the Cambodian market, has always been committed to providing high-quality software applications, driving the digitalization of education. Meanwhile, as one of Vietnam’s largest online education platforms, DOTB boasts abundant educational resources and advanced technological solutions, offering comprehensive support in areas such as language training, skill development, extracurricular activities, and study abroad consultation services. The strong partnership between these two companies will unquestionably bring more innovative digital education solutions to Cambodian students and educational institutions. With Cambodia’s rapidly growing economy, the demand for digital education resources is also on the rise. The collaboration between Liberty Technology and DOTB Education Technology is precisely aimed at meeting this demand, providing more advanced and convenient educational services.
The collaboration between Liberty Technology and DOTB Education Technology will prioritize innovation and development in the field of educational technology. By combining their strengths, they will jointly develop more innovative and practical digital educational products to meet the diverse needs of Cambodian students across different domains. Additionally, they will actively promote innovation in educational resources, enhance educational equity, and contribute to the greater development of Cambodia’s education sector. Through this partnership, Liberty Technology and DOTB Education Technology hope to bring more possibilities to Cambodia’s digital education sector. They firmly believe that through their collective efforts, they can provide higher-quality digital educational resources for Cambodian students, inject new vitality into Cambodia’s digital education endeavors, and drive innovation and progress in the education field.
In the realm of education, Cambodia follows a 6-3-3 and beyond educational structure, covering primary, secondary, high school, and higher education stages. The government’s focus and support for education have been increasing, and informal classes offering foreign languages and computer knowledge have become commonplace. Cambodia boasts 3.2 million students from grades 1 to 12 and nearly 5.9 million in the school-age population, reflecting substantial educational demand.
In this context, the collaboration between Liberty Technology and DotB Education Technology Open Platform holds great promise for Cambodia’s education sector. Liberty Tech specializes in delivering software applications to end-users in the Cambodian market, while DotB is one of Vietnam’s largest online education platforms, offering a range of education solutions, including language training, skill development, extracurricular activities, and study abroad consulting services. These two companies will work together to provide innovative education technology solutions to Cambodian students and educational institutions, meeting the ever-growing demands of the education sector.
The signing of this partnership will mark the beginning of a new chapter in Cambodia’s education sector, bringing forth fresh possibilities for future educational development. We look forward to witnessing the collaborative efforts of Liberty Tech and DotB, as they contribute to the advancement and innovation in Cambodia’s education landscape. Stay tuned for more updates on this exciting partnership!