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Angkor Times
Angkor TimesExperienced
Asked: January 24, 2021In:

Recently there is a famous electric car brand entered into Cambodia.  The electric car is known as “LEVDEO”. For 40 minutes of electricity charging, it can run up to 470 km without refueling. Cambodia’s electric car demand seems to be importing ...Read more

Recently there is a famous electric car brand entered into Cambodia.  The electric car is known as “LEVDEO”. For 40 minutes of electricity charging, it can run up to 470 km without refueling.

electric cars in Cambodia, Cambodia Time

electric cars in Cambodia, Cambodia Time

Cambodia’s electric car demand seems to be importing more and more electric cars as there is an increase of the momentum of electric car users in the kingdom.

Recently, Chinese electric car maker LEVDEO has imported its electric car and claimed that this car model takes only 40 minutes to electricity charge for 80% which users can drive up to 470 km.

This SUV model has a battery capacity of 59.13kmh, an NCM Lithium battery, which even though the car has only 10% battery left, it is still not as weak as some other electric cars.

For the speed of the LEVDEO i9 is able to run a distance of 130 km per hour, and when fully charged can ride up to 470 km, which is the only power for electric cars in Cambodia now.

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may ...Read more

Although 2020 has passed, it has left a tragedy due to the spread of Covid-19 virus, which has severely affected the economies of many countries around the world. In addition, Cambodia has also been affected by Covid 19. There may be many questions on this issue, how will the real estate sector change in 2021? Decline or increase?

According to Mr. Virak Virak, CEO of Century21 Fortuna Investment International Real Estate Agency, told Business Cambodia that the real estate sector in Cambodia in 2021 will increase.

Real estate sector change in 2021 in Cambodia

Real estate sector change in 2021 in Cambodia

And the reason for the increase is because in 2020 there was a global epidemic of Covid-19 virus for almost a full year from February to December until now, some sectors have been particularly affected. That is related to tourism and hospitality, as it affects some sectors as well, such as the real estate sector, which makes some investors withdraw to return to their home countries without being able to continue investing or operating their businesses.

However, by 2021, the situation of Covid-19 has improved a lot, because in other countries can control the situation and, in some countries, can produce more vaccines to prevent that. The prevalence of Covid-19 has been greatly reduced. And in a little while, I think in the next two to three months, cross-border travel will increase, so that the investors will be able to resume their duties, and like other business owners who have left the country. The rebirth of the Covid epidemic will return, so some businesses will gradually resume, investors will start to come and the situation of Covid in the country can be controlled, so that some sectors, especially real estate will start to increase gradually, and in 2021, while the Royal Government has also forecast economic growth in Cambodia.

How will the real estate sector change in 2021 in Cambodia

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun. Where should investors invest in land other than Phnom Penh?  There is a ...Read more

In 2021, the effects of the economic crisis caused by Covid 19 will not be over, but hopes have been fulfilled as the land acquisition trend has begun.

In 2021, which provinces should you invest land in and why

In 2021, which provinces should you invest land in and why

Where should investors invest in land other than Phnom Penh?  There is a lot of opportunity to increase the price due to many reasons and favorable factors.

These provinces are located in the coastal and lowland areas of the country, such as:

  1. Kampot

Due to the special infrastructure, National Road 3 will be completed this year with favorable geographical factors, combined with local infrastructure such as the new Kampot tourist port, cargo port, smart city development project at the foot of Bokor Mountain and investment projects. More leisure homes, such as Kampot Thansur, projects along the Kampot canal, will encourage investment from local investors, which will automatically increase land flow.

In the next few years, Kampot will have a 45-storey twin business center will appear, which will take the province to a new level in the field of trade and commerce.

2. Koh Kong

The province is a bit far, but in the future, the distance will be shortened as Darasakor International Airport will be completed and put into operation by the end of this year.

In addition, the first deep-sea port project in Koh Kong province, the expansion of National Road No. 48 and the construction of National Road No. 10 connecting Samlot district, Battambang province to Pursat province before connecting with Koh Kong province will increase investment in this province. This will increase land prices and land swaps, especially in the Trapeang Rong area, such as Jiphat Tatai.

Development of Trapeang Rong area because this area is full of natural resources that are beautiful and an attractive tourist attraction, especially this area has 6 months of salt water and 6 months of fresh water in each year cycle.

3. Mondulkiri

The development plan of the inter-ministerial government, under the leadership of the Ministry of Tourism, will turn Mondulkiri into a high-level leisure destination and a multi-purpose economic zone, especially the construction of a regional or international airport, which will begin later this year. After the government allowed Powerchina Group to study and invest in BOT.

The government plans to turn the province into a flower and vegetable growing area to supply tourists across the country due to the quality of the soil, air and favorable weather conditions.

4. Kandal

Due to its geographical location around Phnom Penh, Kandal is still a potential province because it is an area that is easily affected by the development of Phnom Penh.

Kandal Province Although Cambodia as well as the world have been affected by the global economic crisis, the province is still thriving and land exchange activities and land prices continue to rise due to the many infrastructure connected to the province, such as the Third Ring Road project 4 New Phnom Penh International Airport.

5. Kampong Speu

Kampong Speu is also a province that has emerged in recent years due to government policies, especially the relocation of factories from Phnom Penh to this province, especially the area of ​​National Road 41 and National Road 51.

Kampong Speu also has plans to develop many new factories, especially in provinces with major national roads.

Invest land in Cambodia

Invest land in Cambodia

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Angkor Times
Angkor TimesExperienced
Asked: January 15, 2021In:

Currently, a lot of foreign businesses are operating in Cambodia, but there are also some businesses those do not existed or have not operated their business in Cambodia such as McDonald’s, 7 Eleven, Dunkin, Taco Bell, and Hardee. These have ...Read more

Currently, a lot of foreign businesses are operating in Cambodia, but there are also some businesses those do not existed or have not operated their business in Cambodia such as McDonald’s, 7 Eleven, Dunkin, Taco Bell, and Hardee. These have been observed to have expanded their branches to Southeast Asia and by doing business in Thailand. Based on below elaborations, there’re two main reasons why are these 5 world-class franchises have no present in Cambodia. 1. The franchise cost (onetime payment) is high, and the startup capital required is also high which some of the businessmen consider that it takes time to make profits from such types of business within the kingdom.

Why are these 5 world-class franchises have no present in Cambodia

However, among those brands, you can also decide to consider buying the right or franchise to do business in Cambodia.

  1. McDonald’s

This brand is very famous in the food industry, which is famous for the quality of food, as well as a brand with many branches in the world. And for those who want to buy McDonald’s business rights below. Here are the details of the purchase:

  • The first franchise is a one-time payment of $ 45,000.
  • Capital required to run the store $ 1,008,000 – $ 2,214,000.

  1. 7 Eleven

For this brand is growing rapidly, by the end of 2020, the world’s largest Martfan Chhay brand 7 eleven has nearly 70,000 branches. Previously, there were rumors that there were importers doing business in Cambodia, but later the news disappeared, and now there are three countries that have the most shops: Japan, Thailand and South Korea. The value of the franchise is:

  • First franchise to pay $ 10,000 – $ 1,000,000
  • Capital required to run the store $ 37,550 – $ 1,200,000

  1. Dunkin

It is considered to be the first brand with a large customer index, and as of now, the brand has branches in 32 countries, the purchase price of this brand is:

  • First franchise to pay $ 40,000 – $ 90,000
  • Capital required to run the store $ 110,000 – $ 1,700,000

  1. Taco Bell

A restaurant brand that has been around for 50 years and has received a lot of attention and support from customers. Currently, this restaurant has about 350 branches around the world for the franchise value:

  • First franchise to pay $ 25,000 – $ 45,000
  • Capital needed to run the store $ 525,000 – $ 2,700,000

  1. Hardee’s Restaurants

Hardee’s is a subsidiary of the public trading company CKE. The brand is also a well-known American brand for its franchise value:

  • First franchise to pay $ 25,000 – $ 35,000
  • Capital required to run the store $ 1,600,000 – $ 2,120,000

Franchise Business in Cambodia

Franchise Business in Cambodia

 

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SOVANN
SOVANNExperienced
Asked: January 15, 2021In:

Recently, services for the delivery of anything have become increasingly popular. The main feature of this business is efficiency and customer focus. As you know, time is money. It seems people are willing to pay for any service. They already pay Foodpanda, E-Gets and ...Read more

Recently, services for the delivery of anything have become increasingly popular. The main feature of this business is efficiency and customer focus. As you know, time is money.

It seems people are willing to pay for any service. They already pay Foodpanda, E-Gets and Nham24. to deliver food to their homes and workplaces.

Courier service is a business without serious investments and requirements, so anyone can start it. The advantages of this sphere are high demand for services, a wide range of customers and profitability of up to 90%.

Delivery service is the best service business to start for both an experienced and novice entrepreneurs. Digital ordering and delivery grew 300% faster than dine-in traffic since 2014. The idea is attractive in that it does not require large investments and at the same time guarantees a sufficiently high profit. You can start with a minimal set of resources and gradually develop your business. Moreover, with the growth of e-commerce, delivery services are more relevant than ever. That’s why opening a courier agency is a great solution for an entrepreneur.

But this business, like any other, has its nuances and pitfalls. Before you throw all your energy and money into starting a business, you need to study the main aspects of this type of activity.

How do I start a delivery service business?

Start a delivery service by following these 9 steps:

  1. STEP 1: Plan your Business.
  2. STEP 2: Form a legal entity.
  3. STEP 3: Register for taxes.
  4. STEP 4: Open a business bank account & credit card.
  5. STEP 5: Set up business accounting.
  6. STEP 6: Obtain necessary permits and licenses.
  7. STEP 7: Get Business Insurance.

Is a delivery service a good business to start?

Starting your own delivery business is a great way to be your own boss and make a respectable living without a lot of hassle. With low start-up costs, especially if you already have a vehicle, starting a delivery service is a very achievable goal, and here are a few tips to get you on your way.

 Is a delivery business profitable?

If you’d like to be your own boss and get paid to deliver packages, then you should consider starting your own courier service. Couriers make on average $36 an hour, and provide a much-needed service for any community. With a little hard work, your courier business can be profitable in no time.

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Angkor Times
Angkor TimesExperienced
Asked: January 14, 2021In:

SEO is important because it keeps the search results fair. The higher you rank in results pages, the more clicks and traffic your site will generate. SEO also improves user experience, making it more likely for customers to become repeat buyers. And SEO is cost-effective. ...Read more

SEO is important because it keeps the search results fair. The higher you rank in results pages, the more clicks and traffic your site will generate. SEO also improves user experience, making it more likely for customers to become repeat buyers. And SEO is cost-effective.

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SOVANN
SOVANNExperienced
Asked: January 13, 2021In:

Cambodia has high internet penetration and social media usage. Nearly 9 million Facebook users are in Cambodia in 2020 with all forms of social media usage growing. 90% of university students and graduates access the Internet from their own phones. Is ...Read more

Cambodia has high internet penetration and social media usage. Nearly 9 million Facebook users are in Cambodia in 2020 with all forms of social media usage growing. 90% of university students and graduates access the Internet from their own phones.

Is Facebook popular in Cambodia?

Facebook is a huge force in Cambodia. Billboards and Tuk Tuk advertising remain popular. Promotions and giveaways are often used to introduce Khmer to international products that have never before been seen in the Kingdom. What help is available to me in terms of marketing and advertising?

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Angkor Times
Angkor TimesExperienced
Asked: January 12, 2021In:

Cambodia demands a lot of vegetables! By 2020, Cambodia will produce only 700,000 tons of vegetables, while the total demand is 1 million tons / year Cambodia needs a lot of vegetables to supply the local people, we see that by ...Read more

Cambodia demands a lot of vegetables! By 2020, Cambodia will produce only 700,000 tons of vegetables, while the total demand is 1 million tons / year

Cambodia needs a lot of vegetables to supply the local people, we see that by 2020, Cambodia can produce more than 700,000 tons of vegetables, while the actual demand is 1 million tons per year. That is why Cambodia needs to import more than 300,000 tons of vegetables from neighboring countries to supply its people.

Vegetables are in high demand in Cambodia

According to an official post by HE Veng Sakhon, Minister of Agriculture, Forestry and Fisheries: The government encourages and encourages people to focus on growing local vegetables to supply markets, increase household incomes, create jobs and seize opportunities as the world faces a global crisis. Of Kovid-19 to expand the potential of safe vegetable production leading to reduced imports.

In response to this need, the Ministry of Agriculture, Forestry and Fisheries, under the General Department of Agriculture, has received timely support from the Royal Government through the Ministry of Economy and Finance and development partners, especially the International Fund for Agricultural Development has been supporting and encouraging the private sector, along with development partners such as ASPIRE, CASDP, LEAP, and CHAIN, to implement safe vegetable production projects with farmers and partners across the country, and through this excellent collaboration The Ministry strongly hopes and believes that in the near future, Cambodia will have enough safe vegetables to supply the local market and export. In addition, the Ministry has also carefully studied the possibility of expanding the production of some important vegetables such as cabbage, cabbage, carrots, potatoes and garlic, etc. In Mondulkiri province, which has the geographical characteristics and potential to produce these important vegetables to contribute to meet demand.

He added that in order to improve the quality of production, economic efficiency, provide justice and trust to consumers, the General Department of Agriculture in collaboration with the Capital-Provincial Department of Agriculture, Forestry and Fisheries to train on good agricultural principles on vegetable crops (GAP). Organic technical principles, modern vegetable cultivation techniques according to GAP principles and organic, general characteristics of plant management, management of agricultural inputs, prevention of contamination and biological control methods, harvesting techniques and post-harvest techniques and procedures to Obtained the Certificate of Good Agricultural Practices (GAP) and Organic (CAM-ORGANIC).

Meanwhile, according to the report of the General Department of Agriculture (11/01/2012), in 2019, the total production area of ​​57,208 hectares of vegetable crops nationwide can be harvested a total of 681,099 tons. According to estimates, the demand for vegetables in 2020 will be 1,045,725 tons, and in fact, domestic vegetable production will be able to supply only 716,113 tons, equivalent to 68%, of which 69% in the dry season and 75% in the dry season. In addition, Cambodia needs to import a total of 329,612 tons of vegetables, most of which Cambodia can not produce.

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SOVANN
SOVANNExperienced
Asked: January 12, 2021In:

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly. Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make ...Read more

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly.

Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make certain there are no other claims over the property you’re buying.

Although rare, it’s not unheard of for people to sell properties that are mortgaged or otherwise disputed. This can be easily avoided with proper due diligence.

It’s also important to remember that foreigners cannot own soft title or hard title properties in their own name legally – only strata titles.

If you don’t wish to incorporate and form a real estate holding company, your sole option is to find a local nominee to hold the property on your behalf and bind him/her down with several contracts. That would require help from an attorney.

Buying Real Estate in Cambodia Safe

Buying Real Estate in Cambodia Safe

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