Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

Angkor Times Latest Questions

Kheang Sreyphin
Kheang SreyphinExperienced
Asked: May 31, 2021In:

Economic in Cambodia has seen significant development within the last 10 years roughly. As a result, you’ll be able to leverage many business areas and opportunities within the country. If you’re trying to find a business plan in The Kingdom ...Read more

Economic in Cambodia has seen significant development within the last 10 years roughly. As a result, you’ll be able to leverage many business areas and opportunities within the country. If you’re trying to find a business plan in The Kingdom of Cambodia, there are many business opportunities in this country in difference sectors. Keep reading the article below to get more business ideas in Cambodia:

1. Consultant

If you’re knowledgeable and keen about a selected topic such as business, social media, marketing, human resources, leadership, communication, and so on, of course, starting an adviser business are often a profitable choice. You’ll be able to begin your consulting business on your own, then grow your business and rent different consultants over time.

2. App developer

If you’re knowledgeable and experienced enough in technology, you’ll need to contemplate a career in app development. Smartphones became an everyday necessary thing in human’s eyes, that has enhanced demand for mobile apps. Similarly, computer game software system has become widespread in recent years, thus there’s conjointly a requirement for app development.

3. Start a business as a freelance copywriter

If you are really good at writing and have an idea for marketing, you’ll be able to establish yourself as a contract employee. Whether or not you write blogs, website or press releases, lots of corporations can pay for your services. You’ll be able to increase your worth by delivery data to the table to assist your client craft a method to attack specific keywords that their target market is already exploitation in their on-line searches. Most freelance copywriters charge $40 to $50 per hour; however, those like an expert during a given vertical may charge more than that. Freelance copy writing could be a nice business to run, as long as you have got an online association, you’ll be able to work. It is a business that you just will operate from the comfort of your own area, or perhaps from the road if you travel.

4. Real estate agent

Navigating the housing market is overwhelming for human being. As a house agent, you’ll be able to assist your client to find the house of their dreams at a worth that matches their budget. You just have to be compelled to complete a couple of months of categories and make yourself to become qualified as a true house agent, and you can be able to make a lot of money.

5. Online selling

That type of business is really common in Cambodia. For those who keen on fashion, they tend to start an online business selling, which is the first step to make their business grow bigger and bigger. You might not know that, starting an online selling business can earn approximately $4000 to $5000 per month, which is a lots, and it might surpass the salary for some of those who work in the company

6. Online bookkeeping

Technology permits several accounting services to be performed on-line. If you’re a bookkeeper or an accountant who don’t want to work under pressure or under company, of course, you can run your own business. Because of modern technology, you start a business as an online bookkeeping services by taking other companies as your clients.

7. Garment industry

Investment within the garment industry is honestly a good business plan in Cambodia. Garment exports compose for around 60% of Cambodia’s overall exports, with the 2 primary export destinations for footwear and garment are in Europe such as The United states of America. Hence, there’s no denying that creating investment within the garment industry can remunerative business plan in Cambodia.

8. Food Truck

With indoor eating restricted in several locations without delay, aspiring restaurateurs may realize a lot of success with a food truck. Food trucks are available in all shapes and sizes, serving up a good vary of snacks and cuisines. Take your favorite form of food on the road and sell your cooking passions on to customers. Sure, you will be operating; however, you will be in an exceedingly area you are addicted to, with an opportunity to attach to people that have similar interests.

9. Graphic designer

Firms, some businesses and sole proprietors all want attention-getting promotional materials, however not all people have an eye fixed for what looks good. If you’ve an inventive streak and good at preparing content into a visually pleasing format, you’ll begin a graphic style business to supply flyers, digital ads, posters and different participating visual materials.

10. Translation services

Translation services is being rare in Cambodia, so If you can speak and write multiple languages, you should think about running your own translation services. Not to mention, this business is profitable, and this might be a long term business to run.

Top 10 business ideas in Cambodia

Top 10 business ideas in Cambodia

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Kheang Sreyphin
Kheang SreyphinExperienced
Asked: May 31, 2021In:

If you are looking to start a dental business, you’ll need to first determine whether you want to focus on selling dental implants (an artificial implant to replace a missing tooth) or on root canals (the process of scraping out ...Read more

If you are looking to start a dental business, you’ll need to first determine whether you want to focus on selling dental implants (an artificial implant to replace a missing tooth) or on root canals (the process of scraping out the infected tissue in a tooth to remove the infection). There are many various ways in which you can begin a dental practice. The best way to get the information you need to get started is to do a little online research.

How to start a dental business in Cambodia

How to start a dental business in Cambodia

Here are the basic steps to starting a dental practice from the ground up:

1. Estimate your current budget

Estimate your budget is the best for initial prices to urge your workplace up and running, and to sustain regular operational expenses for the primary few months. Most significantly predict any sudden prices to make sure there’s cash obtainable, simply just in case, your business faces any challenges in the future.

2. Find the best location and seek for the modern equipment for your business

Before deciding the location, you should look for at least 2 to 3 locations beforehand, and research that area to understanding the market and the surroundings. Your location should be accessible, in proximity to your targeted patients, and among your budget. Furthermore, you may need to avoid an area where others open the same business as you. Additionally, seeking for the best furniture, equipment, software, supplies are also a part of your business. Determining and buying all of the items to perform and locate it in your clinic. Don’t forget to double check the price of your dental equipment for the best prices.

3. Apply for your business license

Don’t wait until the last few minutes to handle the legal aspects of starting a dental practice. It will take months to earn credentials for applying for business license. If you plan to open a dental business in Cambodia, you must apply for your dental business license at the Health Ministry and The National Dental Council (NDC). NDC registration involves a $50 annual fee, and the Ministry of Health license costs between $40 and $150 depending on the size of the clinic.

4. Hiring professional staff and work with expert team

It’s the most important thing to start seeking for profession staff and work with expert team before you’re officially launch your business; Your dental business need to have a professional team to gain confident from customers, and it has many positive impacts on your business as well.

Starting a dental business in Cambodia

Starting a dental business in Cambodia

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: May 30, 2021In:

In Cambodia, there are a variety of options for purchasing bitcoin. The majority of these techniques necessitate a face-to-face meeting with the seller and the exchange of cash. Money transfer providers like Wing and Truemoney are accepted by some local ...Read more

In Cambodia, there are a variety of options for purchasing bitcoin. The majority of these techniques necessitate a face-to-face meeting with the seller and the exchange of cash. Money transfer providers like Wing and Truemoney are accepted by some local exchanges. CryptoAsia has developed a list of trustworthy options (below), each with a brief description.

1. Local Bitcoins

Localbitcoins.com is a website that connects bitcoin buyers and sellers all over the world. The organization, which is based in Finland, has been in existence since 2012 and has a well-deserved reputation for dependability.

In general, bitcoin users should store their funds on a device that they control directly, with their private keys backed up to an external storage device. Users’ access to third-party wallets has been revoked or hacked in the past. Local Bitcoins, on the other hand, provides one of the most secure online wallets available. And, among online exchange providers, their escrow system may be the best.

It is simple and quick to open an account. Browse the Cambodian listings and make a trade with a local exchanger. The escrow mechanism ensures that he has bitcoins to sell, and the chat component makes it easy to discuss details with the counter-party. Before entering into a deal, study the trader feedback, and when the trade is completed, leave feedback about your experience.

2. Local Cryptos

Localcryptos.com, originally known as localethereum.com, is gaining traction as an efficient way to buy and sell bitcoin. Local Ethereum was a burgeoning Ethereum trading platform. They’ve evolved as a company and changed their business model. The Local Cryptos platform, which has a new name, now allows users to trade a wide range of digital currencies.

3. Buy Bitcoin at Coin Cafe & Bar

Coin Cafe & Bar is Cambodia’s first and only bitcoin-accepting restaurant. Bring your phone and your appetite, then send your money to their bitcoin address. In Cambodia, Coin Cafe & Bar is a nice place to sell and purchase Bitcoin. If you wish to make a transaction, contact them first via phone or email.

4. Online International Exchange

Opening an account with an international digital currency exchange is the most secure way to sell or purchase bitcoin in Cambodia. Outside of Cambodia, there are numerous legitimate Internet exchanges. Unlike the peer-to-peer methods mentioned above, these exchanges will demand government-issued identity and, most likely, a bank account to finance an account.

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: May 30, 2021In:

The stock market isn’t like a supermarket where you can stroll in and make purchases right away. Investors must be aware of specific rules and methods to get the most out of their initial trading experience and achieve their investing ...Read more

The stock market isn’t like a supermarket where you can stroll in and make purchases right away. Investors must be aware of specific rules and methods to get the most out of their initial trading experience and achieve their investing goals. Understanding this can assist you in reducing risk and ensuring that each decision you make is in line with your investment.

1. Opening Account

When it comes to starting your stock trading career, the first step is to open a trading account. There are ten securities firms licensed to provide stock brokerage services in Cambodia. To discover which broker is ideal for you, contact each securities business for more information about their services and commission rates.

Your broker will walk you through the steps necessary to start an account, such as filling out the relevant forms and requesting the relevant papers. Whether you have a general or technical question or are looking for financial guidance, your broker will be your first point of contact.

2. Placement of orders

After successfully opening a trading account with your preferred broker, you may ask them to issue a buy/sell order for you using any of the following methods:

  • Mobile Trading System MTS from your mobile phone;
  • Telephone;
  • Email;
  • Written document;
  • Other communication suggested by your broker.

3. Understanding trading rules

When trading stocks on the Cambodia Securities Exchange (CSX)., there are several rules to follow. The following are the primary areas that investors should be aware of:

  • Trading hour: The trading hour is the period when investors can place their buy/sell order on the market. The current trading hour at CSX is from 8 AM to 3 PM Monday to Friday, except public holidays.
  • Trading currency: At the CSX, securities are traded in Cambodian riel.
  • Good faith deposits: A minimum deposit is not required in a trading account, unless when placing orders; however, investors must have 100 percent of the cash/securities to place an order. For example, if you would like to place a buy order of 40,000 riel worth of shares, you need to have at least 40,000 riel in your cash balance plus the commission fee.

4. Trading Procedure

Your order will be transmitted to the CSX system after it has been placed through your MTS or broker. The system then matches your order with the counter party based on the order type, price, amount, and other trading rules factors. You will be notified of the trade result after the successfully executed orders.

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Kheang Sreyphin
Kheang SreyphinExperienced
Asked: May 30, 2021In:

For those who are addicted to food or food lovers, primary their dream is to open up their own food business. However, what you don’t notice is that owning a business is not easy, and not every business become very ...Read more

For those who are addicted to food or food lovers, primary their dream is to open up their own food business. However, what you don’t notice is that owning a business is not easy, and not every business become very successful. If you are committed enough, you won’t give up easily when there are some challenges that your business and yourself might face in the future. Even if you have no concerned in starting a food business, but at least you should know some basic steps and plan to open a food business by yourself. The steps below will assist you perceive what you’ll have to set up a food business, will guide you, and give you some ideas before you jump in.

How to start a food business in Cambodia

How to start a food business in Cambodia

1. Your skill assessment

You need to take a good look and access your skill before you decide to start a food business. Passion is one thing that get you a long way; however, once your food business has begun, you have to work hard and smart for your business. You also have the responsibilities to seek out resources once your business has started. You have to research more if you don’t understand about some resources. Also before you set up a business, you have to write a business outline, and that should include marketing, what kinds of staff that you want to hire, menu of your food business, design, real estate, location, equipment, and many more that you need to plan beforehand. Know your strengths and weaknesses, and think about your support network, and brainstorm your resources. You also have to analysis what resources on the market are available to you.

2. Do more research about your competitor who work in the same industry

As you’re developing your business, you need to access your competitors. The food business is incredibly competitive and plenty of markets area unit saturated. Before you go to any extent further in start your food business, you need to know about those who start a business in the same industry as you, and what are they doing? As you’re finding your competitors, check that to be assessing what they are doing well and wherever they’re lacking, which will tell you wherever there’s a hole that you simply will fill in your business.

3. Find a hole on the market

The ideal state of affairs for setting up a food business is to search out a hole within the market. Finding a hole within the market can assist you to make your mind up what kind of food that you want to sell. Here is some tip: try out the food that you want to sell first if it’s good, then put it in your food business.

4. Register your business

In Cambodia when starting a food business, you are required to register your work permit or license in doing that business from the ministries. If you are planning to open a food business, you will need to register your business first and then apply for tourism license, a permit from the Ministry of Health, or from the Fire department. You can apply for your business license at any ministry as long as it’s relevant to your food business. The cost of license depends on how big your business is. Of course, you need to carefully apply for your license beforehand before officially launching your business.

Starting a food business ideas

Starting a food business ideas

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