Skills Development Fund

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Employer Type: NGO/INGO
Industry: Accounting / Audit / Tax Services
No Employees: 200-300
Address:10th Floor, Business Development Center, OCIC Blvd, Sangkat Chroy Changvar, Khan Chroy Changvar, Phnom Penh, Cambodia
Profile Summary
  • Who we are

    The Skills Development Fund (SDF) project has been piloted by the Ministry of Economy and Finance (MEF) since March 2018 to test a new and innovative financing mechanism in order to promote demand-driven and sustainable skills development with the ultimate objectives of diversifying and increasing value addition of Cambodia’s Economy as well as creating better and well-paid jobs for Cambodian citizens. As a result, the SDF has approved 100 training projects in priority sectors such as Manufacturing, Construction, ICT, Electronics, Automotive and Tourism amounted 6 million USD worth of training grant for 11,309 trainees (37% female) under the cost-sharing and joint-training model between industry and training providers (public, private and NGO). Training outcomes include: 6% dropout, 93% employment, 92% employers’ satisfaction, salary of graduate > $400. This demand-driven model has been strongly welcomed by the market and development partners and proven to be an effective and efficient model in transforming the training market into a demand-responsive and sustainable skills development.

    With this success, the Royal Government of Cambodia has transformed this pilot project into a TRUST FUND under the name of Skills Development Fund (SDF) (Sub-Decree 97.RNK.BK dated May 18, 2023) with the Board of Director comprised of the MEF, relevant line ministries and industry leaders. To date, the SDF has received fundings from the Royal Government of Cambodia, and development partners such as the ADB and AFD. The mission of the SDF is to strengthen and expand the demand-driven training market in order to meet the needs of the economy and private sector as well as generating better and higher-value-added jobs for Cambodian citizens.

  • Vision & Mission

    Vision:

    To be the most trusted financing platform for sustainable and demand-driven skill development

    Mission:

    To stimulate resource mobilization for demand-driven skill development and generate skilled labors that are valued and needed by the market