Toward Adopting a Skills Development Fund for Cambodia
Cambodia’s new technical and vocational education and training (TVET) policy aims to promote public–private partnerships and mobilize resources to support TVET. A key strategy is to set up a national skills development fund.
There is a pressing need to respond to the growing demand for an adaptable workforce with professional skills and proper workplace behavior. In response, the government has taken steps to reform and strengthen the education and training system, including an enhanced role of the private sector in skills development and providing incentives to enterprises to train their own workforce.
One of the four overarching goals of Cambodia’s new Technical and Vocational Education and Training (TVET) Policy 2017–2025 is to promote public–private partnerships and mobilize resources from stakeholders to support TVET. A key strategy to achieve this goal is to establish a coordination mechanism that will set up a national skills development fund.
- Cambodia is endowed with an ample supply of labor, but the labor force is characterized by low levels of education and skills. As technological change and competitiveness increase, there is a growing demand for an adaptable workforce with both cognitive and noncognitive skills.
- The government has an important role in ensuring access to basic education and technical and vocational training to a qualification and standard that supports entry into the workforce, but partnership with industry in workforce development is even more essential in responding to the changing demands of technology in the workplace.
- Countries are exploring different partnership models toward ensuring actual training is funded and driven by industry. Experiences also show that industry is a reluctant partner at the outset, and that piloting a skills development scheme to build credibility and confidence among partners, especially industry, is important before a full-fledged skills development fund can be established.