Hanoi (VNA) - Cambodia launched a 10-year financial development strategy (2016 to 2025) on June 15 in a bid to maintaining macroeconomic stability and boosting economic growth.

Speaking at the launching ceremony, Cambodian Economy and Finance Minister Aun Pornmoniroth said the strategy has been the third update since the country adopted its first financial development strategy in 2001.

He said developing the financial sector is one of the key priorities in the economic and financial policies of the Cambodian government, as it plays a crucial role in maintaining macroeconomic stability and contributes to the long-term economic growth in the country.

The continuous update of this strategy proves the Cambodian government’s commitment to developing the financial sector based on market rules in order to provide a favourable environment for delivering financial services in Cambodia in a modern, diversified and efficient manner, the minister said.

The strategy is also aimed at supporting Cambodia’s sustainable and inclusive economic growth, increasing living standards and social welfares of the people as well as meeting the need of regional economic and financial integration.-VNA