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 TimesExperienced
Asked: December 28, 2020In:

When you buy a product that is packaged in accordance with national and international standards, you will definitely see a blue or black stripe and a white surface with no less than 10 digits on the packaging. The stripe is a ...Read more

When you buy a product that is packaged in accordance with national and international standards, you will definitely see a blue or black stripe and a white surface with no less than 10 digits on the packaging.

Barcode usage in Cambodia

Barcode usage in Cambodia

The stripe is a barcode system that is highlighted to indicate the origin of any product. By using a machine or barcode scanner for a product, we will know where the product is manufactured and / or packaged, and which enterprise or company is the manufacturer or packaging? In addition, through this barcode system, retailers can enter data of the selling price of the product to facilitate the sale of goods.

This barcode system provides many other benefits, including:

  • Reduce errors and other risks in the production chain
  • Increase management efficiency in the production chain
  • Standardize products
  • Easy to export
  • Easily manage inventory
  • Make company-to-company communication easier and better
  • One standard for production partners
  • Other
What is a Barcode, What are the benefits

What is a Barcode? What are the benefits?

Barcodes are issued by the GS1 Cambodia Association, a subsidiary of the Cambodian Chamber of Commerce. To receive a barcode, you need to apply for registration as a member of the GS1 Cambodia Association. In addition to this application, you are required to attach some necessary documents and information, including a trademark registration certificate, an enterprise registration certificate, the name of the business owner and the identity card of the business owner, etc.

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Angkor Times
Angkor TimesExperienced
Asked: January 31, 2022In:

As a business owner, should I learn everything to be able to run my business? Of course, before starting your own business, you need to possess some important skills to avoid risk when starting a business such as how to manage ...Read more

As a business owner, should I learn everything to be able to run my business?

Of course, before starting your own business, you need to possess some important skills to avoid risk when starting a business such as how to manage staff, manage cash in the business and many other skills.

However, Kim Sambath, CEO of DRSB Express, a founder of oversea purchasing services, packaging, and fast delivery service from oversea company that shares his extensive experience said that when a business starts strong and is running, if you lack any skills in running it, you do not have to spend time learning skills instead you can hire some staff to work for you.

Should I learn everything to be able to run my business
Should I learn everything to be able to run my business?

He added that when a company operates for three to four years and is doing well, if you lack any skills in running a business, you need to find an expert to fill the gaps that you are lacking. For example, if you do not have financial skills, you can hire a financial expert to do this job in your company.

Hiring professionals to do this, he stressed that if we gather a good team and a lot of experts, your business will be more than 50% successful and should be combined with additional marketing, your business will grow faster.

 He also revealed that when your business is running well and you to learn the skills you feel you lack, it’s just waste time. On the other hand, you do not have time to learn additional skills because you are busy with a lot of work in operating the company you are in.

Mr. Kim Sambath also advised business owners that in order to avoid cash flow problems in business, you need to have a reasonable capital of at least 10% of cash flow for business operations, especially for businesses that deal with cash.

DRSB EXPRESS is a well-established company based in Phnom Penh, providing cost-effective oversea purchasing services, packaging, and fast delivery service from oversea as well as in Cambodia.

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Angkor Times
Angkor TimesExperienced
Asked: January 17, 2025In:

Finding Silver Linings: Opportunities Amidst Cambodia’s Real Estate Forecast for 2025 As Cambodia’s real estate sector braces for another challenging year, the forecast from CBRE presents a nuanced picture. While 2025 may be tough, beneath the surface of this challenging outlook ...Read more

Finding Silver Linings: Opportunities Amidst Cambodia’s Real Estate Forecast for 2025

As Cambodia’s real estate sector braces for another challenging year, the forecast from CBRE presents a nuanced picture. While 2025 may be tough, beneath the surface of this challenging outlook lies a spectrum of opportunities that can pave the way for future growth. Let’s delve into the positive angles of this forecast, highlighting the opportunities for resilience and innovation in the market.

Cambodia’s Economy Growth in 2025

Stability Amidst Challenges

Despite a challenging environment, Cambodia’s economic fundamentals remain robust. Marc Townsend, Chairman of CBRE, pointed to several bright spots, including low inflation and stable exchange rates, which are critical for long-term investment stability. “Inflation is extremely low here. I couldn’t believe that the inflation tracking rate for the last 20 years is below four percent,” Townsend remarked, emphasizing a comparative advantage over neighboring markets like Vietnam.

These economic indicators suggest that Cambodia is well-positioned to weather the storm, offering a stable environment for strategic investments and long-term growth.

Strategic Shift: Repurposing Overbuilding

A recurring theme in Townsend’s forecast is the oversaturation in certain real estate segments, such as high-end office spaces and luxury condominiums. However, this oversupply also presents a unique opportunity for developers to shift their strategies. Townsend advises repurposing existing structures rather than pursuing new builds, a move that can unlock new value without the high costs and risks associated with new developments.

“Why redevelop when you can renovate? It’s cheaper, it’s quicker,” Townsend stated, highlighting the potential for developers to adapt existing spaces to meet emerging demands in the market.

Industrial Sector: A Rising Star

The industrial sector is emerging as a beacon of growth within Cambodia’s real estate landscape. With new warehouses and factories coming online, there’s a growing potential to attract big-name brands. Townsend underscores the importance of enhanced marketing and government support to elevate Cambodia as a viable alternative to other regional hubs like Vietnam.

“It may just be that with a bit more marketing and effort from the development and industrial community… Cambodia is a good opportunity to look at if you are building another factory,” Townsend noted. This sector’s growth not only diversifies the economy but also creates a foundation for sustainable industrial development.

Addressing Market Gaps: New Horizons

One of the most promising opportunities lies in addressing unmet needs in the market. Townsend highlighted areas like student accommodation, elderly housing, and entertainment facilities as ripe for development. These sectors cater to evolving demographic and social trends, presenting lucrative avenues for innovative developers.

The emphasis on educational facilities and executive education also aligns with global trends in lifelong learning and upskilling. “If I had an empty shopping mall, I’d certainly be looking at this,” Townsend suggested, pointing to the rising demand for continuous learning spaces.

Navigating 2025: A Year for Strategic Realignment

While 2025 may pose significant challenges, it also presents a crucial window for strategic realignment. The lessons from the current oversupply can drive more thoughtful, targeted investments that align with market demands. The forecasted slowdown in new construction is a positive sign, allowing existing projects to mature and stabilize, potentially leading to a healthier market by 2026.

The key to navigating this period lies in agility and innovation. By focusing on repurposing, embracing industrial growth, and catering to emerging market segments, developers and investors can position themselves for success in the coming years.

Turning Challenges into Opportunities

Cambodia’s real estate sector in 2025 may be set for a challenging year, but with challenges come opportunities. The focus on stability, strategic repurposing, industrial growth, and market diversification offers a roadmap for resilience. As the market recalibrates, those who adapt and innovate will be well-positioned to thrive in a post-2025 recovery.

The real estate landscape is ever-changing, and while the immediate future may seem daunting, the underlying strengths and opportunities in Cambodia’s economy provide a foundation for optimism. By leveraging these insights, stakeholders can not only weather the storm but also emerge stronger in the years ahead.

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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: February 26, 2025In: ,

Cambodia’s E-Commerce Market Trends in 2024: A Booming Sector for Investors! Cambodia’s e-commerce market has witnessed remarkable growth, reaching a market value of approximately $1.12 billion in 2024. This rapid expansion is fueled by several key factors, including increased digital ...Read more

Cambodia’s E-Commerce Market Trends in 2024: A Booming Sector for Investors!

Cambodia’s e-commerce market has witnessed remarkable growth, reaching a market value of approximately $1.12 billion in 2024. This rapid expansion is fueled by several key factors, including increased digital payment adoption, a tech-savvy youth population, widespread smartphone penetration, and strong government support. As of January 2024, Cambodia’s internet penetration reached 56.7%, with 9.66 million internet users, while social media usage stood at 68.4% of the population, totaling 11.65 million users. This reflects an increase of 1.2 million social media users, or 11.5%, compared to the previous year. Notably, platforms like TikTok experienced significant growth, with 9.96 million users aged 18 and above, covering nearly 90% of the adult population. Instagram also saw a 5.7% increase, reaching 1.85 million users, accounting for 10.9% of the total population, according to Datareportal.

According to the 2024 E-Commerce Report published by the Ministry of Commerce, this momentum is expected to continue, with the market projected to reach $1.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.98%.

Minister of Commerce Cham Nimul emphasized that Cambodia’s e-commerce growth is part of a broader digital transformation strategy. The government’s commitment to fostering digital trade and strengthening institutional support has paved the way for a more structured and sustainable expansion of the sector.

Key Trends in Cambodia’s E-Commerce Market
Key Trends in Cambodia’s E-Commerce Market

With the rapid evolution of online shopping habits and digital transactions, Cambodia’s e-commerce sector presents lucrative opportunities for investors and businesses looking to tap into this emerging market.

Key Trends in Cambodia’s E-Commerce Market

1. Increased Digital Payment Adoption

One of the driving forces behind Cambodia’s e-commerce growth is the widespread adoption of digital payments. Mobile payment solutions such as ABA Pay, Wing, Pi Pay, and Bakong (the National Bank of Cambodia’s blockchain-based payment system) have significantly improved transaction efficiency and consumer confidence in online shopping.

Why?

  • Cashless transactions offer convenience and security.
  • Mobile wallets provide easy access for unbanked and underbanked populations.
  • Government initiatives promote financial inclusion and digital literacy.

2. Rising Internet and Smartphone Penetration

Cambodia’s internet penetration rate continues to grow, with an estimated 70% of the population now having access to the internet. Smartphone penetration has also surged, particularly among younger demographics, making mobile commerce (m-commerce) a dominant force in the industry.

Why?

  • Affordable smartphones make online shopping accessible to a larger audience.
  • Social commerce (shopping via Facebook, TikTok, and Instagram) thrives in Cambodia’s digital landscape.
  • E-commerce platforms are optimized for mobile-first experiences.

3. Expansion of E-Commerce Platforms and Marketplaces

Several local and regional e-commerce platforms are making significant strides in Cambodia, including Tinh Tinh, Smile Shop, and global players like Shopee and Lazada. These platforms have introduced competitive pricing, efficient logistics, and diverse product offerings, making online shopping more attractive.

Why?

  • Marketplace competition leads to better deals and services for consumers.
  • More businesses are adopting omnichannel retail strategies.
  • Cross-border e-commerce is gaining traction, allowing Cambodian sellers to reach international markets.

4. Government Support and Regulatory Developments

The Cambodian government has been proactive in supporting e-commerce growth through policies such as the Digital Economy and Society Policy Framework 2021-2035 and the implementation of the Pentagonal Strategy Phase I. The E-Commerce Law has also provided a legal foundation for online businesses to operate securely.

Why?

  • Clear regulations encourage investment and business expansion.
  • Tax incentives and simplified registration processes make it easier for SMEs to go digital.
  • Strengthening cybersecurity ensures consumer trust in online transactions.

5. Shifting Consumer Behavior and Post-Pandemic Adaptation

Consumer behavior has evolved significantly post-pandemic, with a stronger preference for online shopping, home delivery services, and digital entertainment subscriptions. Businesses have adapted by offering enhanced user experiences, faster shipping, and flexible payment options.

Why?

  • The COVID-19 pandemic accelerated digital transformation in retail and service sectors.
  • Younger consumers expect seamless online-to-offline (O2O) shopping experiences.
  • Growth in digital marketing and influencer-driven commerce drives online purchases.

6. Logistics and Last-Mile Delivery Improvements

Efficient logistics and last-mile delivery services are critical for sustaining e-commerce growth. Companies like J&T Express, Kerry Express, and local delivery startups have enhanced their networks to provide faster and more reliable deliveries nationwide.

Why?

  • Increased investment in logistics infrastructure supports e-commerce scalability.
  • Same-day and next-day delivery options improve customer satisfaction.
  • Partnerships between online retailers and third-party logistics (3PL) companies optimize distribution channels.

7. Emergence of Niche Markets and Specialized E-Commerce Sectors

Beyond traditional retail, niche e-commerce markets are gaining popularity in Cambodia. These include online grocery shopping, health and wellness products, sustainable goods, and second-hand marketplaces.

Why?

  • Consumers are seeking unique and high-quality products online.
  • Growth in eco-conscious shopping habits promotes sustainable e-commerce.
  • Subscription-based services and personalized shopping experiences increase retention rates.

A Promising Future for Cambodia’s E-Commerce Market

Cambodia’s e-commerce sector is poised for continued expansion, driven by digital payment innovations, government support, evolving consumer behavior, and improved logistics. For investors and businesses, this growth presents exciting opportunities to tap into a rapidly developing market with increasing digital adoption.

As Cambodia strengthens its digital trade ecosystem, the potential for cross-border e-commerce, fintech innovation, and emerging business models will only grow. The key to success lies in understanding market trends, investing in scalable solutions, and staying ahead of technological advancements.

What are your thoughts on Cambodia’s e-commerce growth? Are you considering investing or starting a business in this market? Share your insights in the comments below and spread this content with others who might find it valuable!

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