Cambodia is such an opportunistic country to seek better business ideas and successfully implement them to gain more revenue and profit. As we know that Cambodian economy is one of the rapid economic growth among nations in the ASEAN community, therefore the foreseen chance to collect huge profit is in it.
What are the Business Opportunities in Cambodia?
Related: Why Cambodia Is A Good Business Destination?
Specifically, this article will bring you to know even more about business opportunities in Cambodia in order to understand business’ circumstances here in the Kingdom.
1. Real Estate
There are various and different ways to gain profit from investing in real estate in Cambodia. As we can see Phnom Penh is one of the most crowded cities in Cambodia, so there are many residents or foreigners who need proper shelter to live during vacations or working in Cambodia. One of the best methods to inventing in this situation is to buy a good price and location in Phnom Penh and sell it to customers at a profitable price. This practice provides us much of profit and it will gain even more in case we have a lot of connections with many people in the real estate sector.
Related: What are the major industries in Cambodia?
By doing this, it also helps foreigners or Cambodians, who need better shelters, ease to find a proper house as they wish. Being an agent in this area will provide us more money and connections if we are smart enough to attract more customers.
2. Transportation
Transportation in Cambodia still at a low level compared to neighboring countries, such as Thailand and Vietnam. In Cambodia, taxis or buses remain at a low standard and receive a lot of complaints regarding customer service, driving situations, and so on so far. Therefore, this is an opportunity for you to invest in this sector by eliminating or reduce the badness from the current company competitively. It’s better to learn from their mistakes and apply them beautifully to our company. This business opportunity cannot be skipped, otherwise, you would lose this big chance.
Related: Why Cambodia Is A Good Business Destination?
3. Food and Drink Franchises
Simple to say youth Cambodian love to try new things from other countries, so buying a franchise from other countries to sell in Cambodia is also consider a business opportunity as well. As you can see there are numerous international food businesses open successfully in Cambodia, including Starbucks, Burger King, Circle K, The Pizza Company, Domino, Koi, and among others successful franchise. However, this point also needs to critically think about market competition as well, due to a lot of business out there already successful, we need to be better.