[Khmer Times]: The Credit Guarantee Corporation of Cambodia (CGCC) and Credit Guarantee Sole Company Limited (LCGC) Monday signed a Memorandum of Understanding (MOU) to enhance the development of credit guarantee services and the sound growth of micro, small, and medium enterprises (MSMEs) in both countries.

The MOU was signed by No Lida, CEO of CGCC, and Wong Keet Loong, CEO of LCGC, and witnessed by senior representatives from the Lao Ministry of Commerce and Industry, Ministry of Finance, Bank of Lao PDR, totalling 30 participants in Phnom Penh on May 11.

Speaking during the signing ceremony, Lida said, “The MOU between CGCC and LCGC will bring mutual benefits through collaboration in capacity building, information exchange, and operational improvements.”

“It marks the beginning of a long and impactful partnership between our two institutions. Innovation is not defined by institutional maturity. Although CGCC began operations earlier than LCGC, there may be areas where LCGC performs better, and we welcome those opportunities to learn and improve together,” he added.