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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

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

What are some lesser known facts about Cambodia?

Anyone knows some lesser known facts about Cambodia, please share your thoughts. ...Read more

Anyone knows some lesser known facts about Cambodia, please share your thoughts.

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

How important is SEO to a business in Cambodia?

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

Are vegetables in high demand in Cambodia?

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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SOVANNExperienced
Asked: January 12, 2021In: Money

Is Buying Real Estate in Cambodia Safe?

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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Angkor Times
Angkor TimesExperienced
Asked: January 7, 2021In: Money

Which institution mediates and resolves disputes in the real estate sector in Cambodia?

Disputes between real estate developers and buyers regarding real estate purchase contracts may be the subject of mediation and conciliation by the Ministry or Department. The Ministry or the Department of Mediation and Dispute Resolution at the request of the ...Read more

Disputes between real estate developers and buyers regarding real estate purchase contracts may be the subject of mediation and conciliation by the Ministry or Department. The Ministry or the Department of Mediation and Dispute Resolution at the request of the parties within 2 (two) months at the latest.

Dispute resolution can lead to the signing of a conciliation agreement, which must be signed by the parties to the dispute and recognized by the department or department. The conciliation agreement has immediate effect on both parties.

Disputing parties who are dissatisfied with the decision or other measures of the Ministry or the Department have the right to file a complaint to the Legislative Council of the Ministry of Economy and Finance Objects before enforcing a lawsuit to court, except in criminal cases.

The Legislative Council of the Ministry of Economy and Finance shall resolve the complaint within 90 working days after receiving the complaint or within an appropriate period. In resolving disputes, the Legislative Council of the Ministry of Economy and Finance may invite the parties to the dispute to ask questions or provide evidence as necessary.

Which institution mediates and resolves disputes in the real estate sector in Cambodia

Which institution mediates and resolves disputes in the real estate sector in Cambodia

Decisions on dispute resolution shall be made in writing, stating the facts, reasons and conclusions. In case of dissatisfaction with the decision of the Legislative Council, the parties to the dispute may file a complaint to the competent court in accordance with the provisions in force.

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