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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.

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Angkor Times Latest Questions

Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 30, 2021In: Money

What is the situation of International tourists in Cambodia in 2020?

In 2020, the number of international foreigners tourists to Cambodia has declined 80 percent 2020 while it reaches only 1.306 million, according to the report from the Ministry of Tourism of Cambodia. In 2020, China, Thailand, and Vietnam were the ...Read more

In 2020, the number of international foreigners tourists to Cambodia has declined 80 percent 2020 while it reaches only 1.306 million, according to the report from the Ministry of Tourism of Cambodia. In 2020, China, Thailand, and Vietnam were the top three sources of international visitors to Cambodia, accounting for 55 percent of total arrivals. Chinese arrivals were down 86 percent, Thai visits were down 55 percent, and Vietnamese arrivals were down 80 percent year over year, according to the ministry. Cambodian outbound travel is expected to drop to 326,199 departures in 2020, according to the report.

With 329,673 visitors, Chinese tourists topped the list of arrivals by nationality. Thailand came in second with 210,876 people, followed by Vietnam with 182,199. The United States came in second with 55,973, followed by Korea (Republic of Korea) with 55,935. With 44,784 visitors, the United Kingdom came in first, followed by France with 43,174 visitors. There were 41,257 Japanese tourists, 34,352 visitors from Laos, and 27,280 visitors from Germany.

Related: Tourism Industry in Cambodia Is Heavily Impacted By Covid19 Virus

With the diversification of new tourism products and the enhancing of the growth of well-known tourism zones, the government has released a special tourist policy aimed at reviving and promoting the inclusive development of the socio-economic situation through the tourism industry.

Special tourist groups include special package tourists, business tourists, second home-tourists, senior foreign visitors (older or retired people with money and resources), and other government-defined types of tourists.

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 30, 2021In: Money

How is Business in Cambodia affect during Covid-19?

Since the start of 2020, the world has confronted the Covid-19 pandemic, which led to a decline significantly in different sectors all around the world, the same as the Cambodian economy. The covid-19 in Cambodia so far is ...Read more

Since the start of 2020, the world has confronted the Covid-19 pandemic, which led to a decline significantly in different sectors all around the world, the same as the Cambodian economy. The covid-19 in Cambodia so far is reaching 2,273 cases, 11 Deaths, and 1,172 recovered. Compared to these cases to the world, Cambodia is a low rate of cases among other countries. Therefore, the economy in Cambodia is partially affected not completely.The most affected business in Cambodia is a small business, like motor vendors, restaurants, and the big one is a hotel since there are not as many tourists as during the pre-covid-19 pandemic. As we see, there are many restaurants in Phnom Penh that were closed, motor vendors lost customers since only fewer people go out.

Additionally, Siem Reap province, a famous tourist site for people around the world. Most hotels were also closed temporarily due to a down drop in tourists. This issue really affects a lot of people in small business owners and hotel owners.

Apart from this, individual people in Cambodia are also most affected by this pandemic, like employees or workers since some industrials are closed due to limited export to the world. For instance, the garment industrials in Cambodia are struggling to a high level as well as to maintain salary for employees.

Related: How will the real estate sector change in 2021?

However, the government of Cambodia also takes action by asking for house rent owners to reduce the amount of money for rent in order to relax the spending of employees or works who come to work in Phnom Penh.

No matter what the case is, I still believe in faith in people to come all together to destroy this virus. It is very easy to do just practices three rules from WHO: washing hand, keep in distance, and wearing a mask. The only way to recover the economy is to keep doing what is right to stop the spreading of this virus at all costs.

How is Business in Cambodia affect during Covid-19?

How is Business in Cambodia affect during Covid-19?

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 25, 2021In: Money

How to work as English Teachers in Cambodia?

Cambodia is a country that also focuses on education for the young generation to gain a bright future. However, some parts of the country remain the low quality of English education toward youths. Not so many youths or people in ...Read more

How to work as English Teachers in Cambodia?

How to work as English Teachers in Cambodia?

Cambodia is a country that also focuses on education for the young generation to gain a bright future. However, some parts of the country remain the low quality of English education toward youths. Not so many youths or people in a rural or remote area can speak English. This indicates that Cambodia is in the low profile of English daily usage. According to the recent EF English Proficiency Index (EF EPI) 2020, Cambodia is in the number 84th of out 100 countries in the world that can speak English better.

Speaking of which, this is an opportunity for foreigners who would like to help or involve themselves in the educational section by just teaching English to Cambodians. For foreigners, there are many kinds of available opportunities. They can teach only one or two semesters in some schools during their vocational trip or they can come to live and teach in Cambodia instantly.

Related: Teach English In Cambodia

This chance can be considered to be a great benefit for the countries that English is a native language. Since they do not need to have a great credential to work in the field of English somehow. As we know, English literacy consists of three important sections, including speaking, writing, and listening. So, at least case, foreigners can work as a teacher who teach Cambodian to speak English.

Apart from this, foreigners, have come to Cambodia or other countries, are not only focus on making a living. However, they would like to give with no return. They volunteer to work as a teacher just only to help or gain experience from Cambodia. There were many young foreigners who come to teach in Cambodia for receiving their experiences and along with that is to help Cambodian children, especially.

These are the choices that you, as foreigners, can make in order to live in Cambodia. To conclude, you can work as a teacher in some workplaces in Cambodia, or working as a volunteer just to gain experience or just to help young Cambodians. However, the best choice, I would suggest is that you should be both, but depends on your personal time. Since you have to spend some time with your own life as well. Though, this is a great help for Cambodians and especially for Cambodian youths. Either of your choices is grateful for us, as a Cambodia.

Related: What Is A Good Salary In Cambodia?

 

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 21, 2021In: Money

What are the small business opportunities in Cambodia?

Having said that one of the most popular and profitable small business opportunities in most of Cambodia is the Food and Beverage industry. This industry is a need for not only Cambodian but also foreigners who visit the Kingdom. There ...Read more

Having said that one of the most popular and profitable small business opportunities in most of Cambodia is the Food and Beverage industry. This industry is a need for not only Cambodian but also foreigners who visit the Kingdom. There will have a lot of customers in any area of the country. As we know, food is an everyday requirement for people. However, before you start, you have to be clear with a good location and available market, so it will give you a highly profitable. This article will show and list the potential business that available in Cambodia for you to a fresh start as you wish.

Related: What are the best businesses to start in Cambodia?

Restaurants

Restaurant Business in Cambodia

Restaurant Business in Cambodia

As you can see, there are plenty of restaurants located in Phnom Penh and Siem Reap which attract many customers, even locals and foreigners to relax in the place. It should be noted that opening this sort of business required paying attention to every small thing that matter. Simply like the taste of food, environment and most importantly be on time. Additionally, it will be even useful in case you have unique ideas to design your place and food to be better or different from another place.

Related: What are the Business Opportunities in Cambodia?

Above all, as a restaurant owner, you need to be royal, honest, and thinking about quality rather than profit. Having new loyal customers is the best thing for us because they may recommend our place to other people to come and so on so forth.

Coffee Shop

Coffee Shop Business in Cambodia

Coffee Shop Business in Cambodia

Driving around Phnom Penh city, between two blocks, you will see at least 2 to 3 coffee shops. This kind of business is quite popular for most Cambodia business start-up because its requirements not so much money to invest and somehow gain more profit. As people, right now, love to drink coffee, and for most people, coffee is like their morning routine.

By opening a coffee shop, you need not find big land, what you need just only small land that enough for parking and put the rest of your shop’s stuff. More things, you need to buy a coffee machine or in case you would like to less money on that, it possible for you to buy a second-hand product to use contemporary. This business is almost available for everyone to start, even you had less money.

These businesses indicate above are for people who would like to fresh-start their own business, since it spends not so much money, but experiences. I suggest you work in either of these fields in order to understand more about the process before you start. Experiences are crucial than money because you can spend a little money to start a business, but you might not be successful to spend more money to start with a naĂ¯ve experience.

Related: Why Business Blueprint is Important for Startup Business?

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 17, 2021In: Money

What are the Business Opportunities in Cambodia?

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, ...Read more

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?

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.

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