Joint Scholarship Launch

Prince Holding Group (“Prince Group”), one of Cambodia's largest conglomerates, has signed an agreement with the Ministry of Education, Youth and Sport (MoEYS) to establish a scholarship programme for Cambodian university students. Prince Group will cover the full cost of tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at top Cambodian universities such as the Royal University of Phnom Penh, the National University of Management, and the Cambodian Institute of Technology. Over the course of seven years, Prince Group will contribute more than $2 million.

Prince Group will collaborate with the government to achieve the goals outlined in the Education Strategic Plan, as public-private partnerships are critical (2019-2023). Prince Group will collaborate with MoEYS to ensure that students receive financial assistance, training, mentoring, and job opportunities in three areas: sustainable real estate development, financial inclusion and the digital economy in the banking and finance industries, and the promotion of world-class hospitality standards, all of which will help meet the country's future human capital needs.

Students will learn from top Cambodian professionals through internships – Prince Group, which oversees more than 80 businesses, has a diverse workforce, with 20% of employees hailing from Singapore, Malaysia, and Greater China.

His Excellency Hang Chuon Naron, Cambodia’s Minister of Education Youth and Sport, commented: “We welcome the cooperation of employers that take their role as educators seriously. Cambodia’s road to recovery will require bright young minds from all parts of the country and MoEYS, along with its partners, will remove obstacles, offer targeted guidance, ensure equitable access to education and work opportunities to ensure talented students focus on learning and acquiring skills that will be important for Cambodia’s future.” Read more here

“We are pleased to launch one of Cambodia’s largest scholarship programs sponsored by a private enterprise,” said Gabriel Tan, Chief Communications Officer of Prince Holding Group. “Prince Group’s various units are excited to welcome Cambodian students into our family as we will create strong internship and management trainee programs to train, nurture and educate the leaders of tomorrow. The Chen Zhi Scholarship seeks to provide both academic and practical experience for the students, by providing both a first-rate education and exposure to an international working experience.”

Neak Oknha Chen Zhi will be in charge of the scholarship. Due to his business and corporate social responsibility leadership during the pandemic, Chen Zhi, Chairman of Prince Group, was recently recognised as the Entrepreneur of the Year among leaders of conglomerates at the 2021 International Business Awards. Prince Group follows a holistic environment, social, and governance (ESG) framework that aims to have a long-term impact in Cambodia under Chen Zhi's leadership. The Prince Horology Vocational Training Center, Cambodia's first independent watch school, has opened. The training centre provides Cambodian youths with the opportunity to learn a new artisanal skill – watchmaking – and gain valuable experience that will aid them in finding work in Cambodia and abroad. Prince Group also sponsored the Career Preparation Program run by Caring for Cambodia, a leading charity, to assist high school students in August of this year. Prince Group will continue to look for ways to help Cambodians from all walks of life achieve better educational outcomes.