Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
You must login to ask a question.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Explore the best digital marketing agencies in Cambodia! Top digital agencies, specializing in web design, social media and mobile development services. Full article is coming! ...Read more
Explore the best digital marketing agencies in Cambodia! Top digital agencies, specializing in web design, social media and mobile development services.
Full article is coming!
Read less
There is not a day that goes by where we don’t talk about the COVID pandemic. It is on the news, in our social feeds and it has infiltrated both our personal and professional worlds. Many businesses have shifted employees ...Read more
There is not a day that goes by where we don’t talk about the COVID pandemic. It is on the news, in our social feeds and it has infiltrated both our personal and professional worlds. Many businesses have shifted employees to a work-from-home routine; changing everything about how the business day works. We’ve moved from in-person to video. We’ve adapted to multiple family members attempting to be productive, in the same space, at the same time and we’ve shifted from brick-and-mortar to a heavier online presence. In the midst of it all, there have been many success stories. Yet, the challenges are ever apparent. Many have lost revenue. Many have laid off employees. Many have had challenges with technology and others have struggled with the limited resources. Many have closed their doors, permanently. The most impacted? The small business.
The small business, in my opinion, is what makes Cambodia great. It is not only the entrepreneurial spirit that thrives here, but the ability to make the dream a reality. What was once a sketch on a napkin or a conversation over dinner can actually become something here. No idea is too great. No passion is stifled. No desire to persevere is frowned upon. We have the imagination and the resources to take an idea and make it into something special. But, in the past year our favorite shops have disappeared. Our friends have lost what they built, from the ground-up, and the hope for the future for many has dwindled, and my heart breaks.
This is a list of the top five challenges of starting a business in Cambodia.
Many small businesses in Cambodia have no a clear business plan. They start the business with only one objective is the make profits to support their daily lives. Some of the business know how to develop a plan but still lack of knowledge to execute the plan. What they need now is to upskill their business plan and execute it on a daily basis to experience and adapt the plan accordingly.
Digital marketing is become more important when it comes to marketing and sale a product or service. Some small business staff who have extensive experience in offline marketing but lack of knowledge (skills and experience) in digital marketing to make the products or services sale online. For marketing or sales persons who possess good command of English language, they can learn the digital marketing and sales skills online quickly and adapt to the trends of rapidly growing of technology and marketing industry while others slowly learn to adapt this change. Upskilling digital marketing whether with local or international experts in digital marketing is required for every marketing person nowadays in Cambodia.
Technology has rapidly changed the ways people work, communications, doing business, and building relationship. AI and Marketing automation tools have been around for years to facilitate human beings work and business even better. Some small businesses in Cambodia have not ready in using them and don’t know there to learn about them just yet. This is not because they are not ready to lean, but because not may tech-savy who are capability in training them to use it. Even though, small business needs to start exploring those technology available out there to incorporate with their business which could support their ways of doing business and work faster.
Some business owners start a business because of seeing others making a lot of profits. They start it with less experience and business skills in that field. They are likely to fail as it is not their passion to do so. They have no real commitment over that business. They can give it up easily.
Some small businesses who are not registered with the Ministry of Commerce, Cambodia, they cannot get the benefits of using online payment gateway from all of the banks in Cambodia. To be able to use the online payment gateway, all businesses whether are small or medium companies are required to have official documents regarding to the business registration and at least have 6 months valid operations.
New tax regulations which could bring great facilitation to the small businesses, but somehow, it will cost more expenditure on the business daily operations which small business cannot be overlook that is why some small businesses are not ready to register even they know that someday they will face tax legal issues.
What challenges do small businesses face in Cambodia?
Beyond viewing of the video, YouTube offers marketers several different ways to connect with their audience. For example, viewers are able to leave feedback and comments on the videos. This allows viewers to interact not only with each other, but also with the ...Read more
Beyond viewing of the video, YouTube offers marketers several different ways to connect with their audience. For example, viewers are able to leave feedback and comments on the videos. This allows viewers to interact not only with each other, but also with the company. … Video platforms are helpful across any industry.
In Cambodia, YouTube is very popular amongst Cambodian people and it is known for 4 things as below:
Having a YouTube app on the phone just likes having 1 millions TV channels which Cambodian people can watch 24/7. Cambodian older people access YouTube to listen to classic music, local, and international news while young people access YouTube to listen to music, watch movies, and watch boxing.
Kids, young people, and older Cambodian people access YouTube to learn tutorials, languages, and learn things from experts in different educational settings. YouTube is built with simple, fast, safe and easy to navigate contents which allows Cambodian people easily using it. They love it just as their smart TV at home.
Businesses and big brands in Cambodia takes advance of the YouTube advertising to reach out to their potential costumers through Google Discovery ads on YouTube. Besides advertising on Facebook and TV, they spend a lot of money advertising on YouTube whether to build brand awareness or even to promote new products and services through their annual marketing campaign.
Some YouTuber or Social Media Influencers have been using YouTube to generate extra incomes from their daily work or business. They create original contents every week, post on YouTube to entertain and educate people based on their talent and passion.
Influencer young girl in live video tutorial on YouTube for how to makeup using a tropical beach sunset as background travel with her mind eyes
As one of the fastest-growing countries in Asia, Cambodia has the potential to expand its economics to a greater level. By this, it means the land values and real estate prices will keep increasing. Foreign investment and domestic business had advanced ...Read more
As one of the fastest-growing countries in Asia, Cambodia has the potential to expand its economics to a greater level. By this, it means the land values and real estate prices will keep increasing.
Foreign investment and domestic business had advanced Cambodia’s financial growth. Most of those investments included real estate. The dealing of real estate is undeniably one of the most attractive businesses in this kingdom. Citizens mostly sell or lease their residential real estate. However, foreign or larger company investments turn vacant land into commercial or industrial real estate.
Will real estate ever decrease in price? No, as long as the economy of that country keeps growing or remains stable.
Due to the COVID-19, the growing rate of the real estate business froze, and the price did not increase. However, from the investor’s point of view, this is a rare opportunity to buy at a low price.
There’s no fear in doing so because once the economy recovers, more investors will flow in and the real estate will resume its increasing price. Reasons to invest includes:
For the last two decades, Cambodia’s economy has escalated significantly with an immense transition within the country. Garment export and other foreign investments had contributed a lot in advancing this country to become one of the fastest economic growing countries in the world.
Since this country does not depend entirely on foreign capital, it has escaped many major recessions that the developed country suffered. However, there are many foreign investments that grew by 800% in the past decade.
The growth rate remains strong every year. This includes the growth of tourism, construction, trade, manufacturing, and the garment industry. The reason for this is because of the lower cost of labor and real estate price.
Although there are 25 provinces in Cambodia, Phnom Penh, the capital city, is the place where most of the trading and investment is located.
Siem Reap, on the other hand, is a land full of foreigners and tourism sites. Most of the investment there includes hotels, resorts, or other types of related hospitality.
Sihanouk Ville had a real estate boom two years ago due to the overflow of Chinese people. Properties including hotels, houses, lands, restaurants, resorts, and casinos were on demand.
The economic growth in other provinces can be seen as well.
The population continues to grow for the past four decades. As the population rose rapidly, the need for houses and other types of residential real estate keeps increasing. Not only this, more immigrants and foreigners began to live in Cambodia. Therefore, more residential properties are needed.
Due to the overflow of Chinese citizens and investors in Cambodia, the economy took a good turn and leap forward. Roads and bridges have been constructed to provide better transportation. As an example, Sihanouk Ville became a province full of skyscrapers.
Chinese people who move to Cambodia need a place to live. They offer a higher price than locals. This is a motivation for developers to construct more properties and raise the price higher.
In addition to this, the recovery of COVID-19 will surely bring back the investment from Chinese investors.
More than any other country in southeast Asian, this country encourages foreign investment. Low property tax and easy visas attract many foreigners to invest here. There are no trade restrictions, price controls, and foreign exchange regulations. It uses US Dollars as part of its currency which eliminates the risk when proceeding with the financial transaction.
This country doesn’t require investors to change their citizenship. In addition to this, they can own any property above land.
Since this country is a developing country, many aspects of investment are needed. As the population keeps growing, houses and other residential properties are required. This is a long-term plan and success because more people are starting to be interested in condominium and real estate investment. By saying one of the fastest-growing economic countries means that the real estate price investment and property value will increase at a very quick pace. Therefore, investing in Cambodia’s real estate surely is a win-win investment.
Why should I invest in Cambodia real estate?
Cambodia is one of the countries in the world that are on the tourists’ shortlisted trip plan, as it is a small country with many places to visit. Coming to Cambodia is the best decision you have ever made in your ...Read more
Cambodia is one of the countries in the world that are on the tourists’ shortlisted trip plan, as it is a small country with many places to visit.
Coming to Cambodia is the best decision you have ever made in your life as this country would provide all visitors with an unforgettable memory.
In order to enter Cambodia, you need to have an e-visa and follow the regulations below:
E-visa is a warranty document that authorize all visitor to legally Cambodia and that is linked to your passport.
The cost you need to spend on the e-visa is $36 plus service fee $20. In case you hurriedly need an e-visa, you must spend at least $50 to $80 for the rush processing.
The length of e-visa processing standard takes only 2 days, in case it is a rush processing, it takes only 36 hours, and 24 hours for the super rush processing.
And e-visa provides you with an authorization of Single Entry only.
First, all tourist needs to create an account. Second, Application filling is surely important and you need to pay the process through your VISACard, MasterCard, Unionpay or Alipay. Third, you need to download the e-visa PDF from your e-visa visitor account.
All visitors must have an e-visa now before you enter Cambodia, based on the visa exemption policy, visa on arrival and e-visa application are postponed indefinitely.
As we all know, COVID-19 has been disrupting the world including Cambodia, according to the Ministry of Health required all visitors to have a medical certificate more than 72 hours before the date of the travel, which confirmed all visitors coming to Cambodia are COVID-19 free. On the other hands, all visitor must have at least 50,000$ for medical responsibility.
When you arrive in the Kingdom, you need to be quarantined for 14 days at a government care center.
Moreover, all visitor’s passport must be valid for six months from the day of entering Cambodia.
The e-visa is intended for only tourists which it is valid for 90 days after the issue by the official, and visitors can stay in Cambodia for 30 days.
In addition, you can apply for e-visa at any time and any place.
E-visa is essentially required for all visitors, except citizens from these nations: Brunei, Laos, Malaysia, The Philippines, Singapore, Thailand, Indonesia, Myanmar, and Vietnam. All citizens from these countries are freely allowed to enter the Kingdom with only a valid passport.
Your e-visa is needed to be extended for another 30 days in total; therefore, you need to contact a local police or immigration official in Cambodia as quick as possible before it becomes invalid.
What you need to bring with you upon your arrival in the Kingdom, you need to have two copies of the e-visa certificate by giving one copy to the immigration office and keep one with you until you return to your home country.
All visitors must enter Cambodia with an e-visa via these entrances: Phnom Penh International Airport, Siem Reap International Airport, Poi Pet (Banteay Menchey), Bavet ( Svay Rieng), Cham Yeam (Koh Kong), Tropaeng Kreal Border Post ( Stung Treng), and Sihanouk International Airport.
For more info about eVsa in Cambodia visit: https://www.evisa.gov.kh/
Here are some of the best places we would like to recommend you:
For the ancient temples, Angkor Wat is one of the world heritages internationally recognized and impressed by visitors to Cambodia. You will be excited with amazing that the Kingdom has to offer.
For the most beautiful beaches, you can drop by Sihanoukville, one of the targeted tourist destinations in Cambodia, with many natural coastlines that you must experience on your own.
For those who are interested in hiking, you need to go to Bokor mountain or Kulen mountain.
To those who are in love with natural landscape with an up and down trip, you will definitely need to go to Mondulkiri province, one of the top places for all adventurers.
To summarize, there are countless things you can do in the Kingdom, and certainly these mentioned places will impress you a lot.
To know deeper about Cambodia, Kingom of Cambodia, plan a trip now. You will be amazed and believe what you will see.
How do I get an eVisa for Cambodia? Cambodia Time
Read less
