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Angkor Times Latest Questions

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

Are electric cars allowed in the Cambodia?

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: Money

How will the real estate sector change in 2021?

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: Money

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

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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SOVANN
SOVANNExperienced
Asked: January 15, 2021In: Money

Why Are Delivery Services Business​ in High Demand in Cambodia?

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: 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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