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Your best business development ideas in Cambodia

Hi everyone,

As a foreign entrepreneur, launching a business in Cambodia is a fantastic project and an exciting challenge. Some ideas are likely to succeed. Some others are promising but may not work as well as intended.

In your opinion, what kind of business or industry is likely to succeed in Cambodia? What kind of industry or service currently unavailable or underdeveloped in the country would meet local needs?

On the other hand, what are the most common business types foreign entrepreneurs would be eager to launch in the country but with very little chance of success?

Thank you for your insights.
Priscilla

Well, I am retired in Cambodia so have ZERO interest in being involved in any business. My partner is a tailor and that has a lot of headaches for VERY little money.

To be honest, and I hate to say this because it might cause some to think I'd like to destroy the "quaintness" of this wonderful country.  I believe that the first person to open a MacDonalds Franchise OR a Dunkin' Donuts (or Crispy Creme) Franchise in Cambodia (preferably in Phnom Penh) will experience GREAT financial success.  Why aren't any of these franchises found here?  My guess is that the government official who would O.K. such an endeavor is demanding way too much of a kickback to make it worthwhile for an entrepreneur to invest the necessary 2 million bucks (in MacDs case).  I live in Siem Reap and what would pass as Fast Food is generally pathetic!  There is actually a KFC here and the one time I ate their food it was awful.........the KFC in Dhaka, Bangladesh is WONDERFUL, so it can be done right in a 3rd World country.  Regarding donuts, I haven't found a good donut in Siem Reap.  NOT ONE!  Okay.  Okay.  I know donuts are poison..........but.  I'd say I like DD just for their good coffee, but I'd be lying.

As far as business ventures that might do well in the future, maybe solar energy products might do well in our climate.  Even during the monsoon there seems to be a lot of sunshine during the day.  I don't know much about it in terms of financial investment.

I lived in Siem Reap for 3 years. I can't stand to see McDonalds, KFC or any other American fast food junk food company come to this country. Keep all that crap in USA . They know for a fact that it's causing obesity and other health problems. In Cambodia there is only fresh and natural food ,it's one reason why I'm here. Just look at the size the Americans and other foreign people are compaired to most people in all Asian countries.
Eat fresh, eat natural, eat healthy and you won't have any problems.
You don't need doughnuts , there's plenty of other things to eat.

Enough said.

Cheers

It's far to risky to invest in anything as a foreigner. For one thing, they have no idea how to price real estate, housing or businesses. They throw out these huge numbers ( prices ) and hope someone bites.
I've know owners who after the contract, double or triple the original rent . They even do this to their own people. Some landlords refuse to fix anything like major leaking roofs ,flood waters coming into the store front, they won't fix the sidewalk. It's as if they are constantly taking advantage of the renter and hoping he fails so he can sell the lease to someone else for even a higher price. I know so many people,foreigners and Khmers that have been thru this.
You know, they would be better off in the long run just trying to be friends with their new renters but they don't look at it that way. It's all about money for the Khmer owner. So sad. They don't want to be friendly and helpful, they just want your money.

Hello, As long as it's tourism related you have a good chance to succeed here since we have the UNESCO World Heritage site.

I was talking about foreigners opening and running guest houses, bars and restaurants. I even knew a French lady who lost her 13 hectares of sugar cane plantation when the government decided to relocate 1,000 Khmer families onto her plantation. They burned it to the ground.

I myself intend to establish a "specialty sport recreation" business, geared toward tourists. I'm not saying that I believe my particular endeavor will net THE most profits. It's simply the business I am interested in operating. As far as I know, there are no others in PP...yet.

Deposit a minimum a $10,000 into my account and we can start talking.

Deposit  $ 20,000 in my account and we'll talk all day

$10,000 eh? Do u think I'm some kinda idiot? $5,000 is as high as I'll go without really knowing u!

Hi Investors,

I would suggest investing in hospital treatment business. Given that there is low quality of hospital treatment in Cambodia. People seek treatment in Thailand, Vietnam, or Singapore. If there professional and high quality facility in Cambodia, I believe the business will have a high rate of success.

Cheers,
Silang

If you are interested in a business opportunity in Cambodia or anywhere, here is my 2 cents:-)

1) If you are an expert or have enough experience in an area/industry/business, then you can just evaluate the market of your expertise yourself.  For those people, if they have found a market, they have started the business already:-)  Most of time there isn't a market for your expertise or you don't have the capital for that market.  For example, you are a teacher and don't have enough $ to open a school.

2) Assuming you have enough money to start something but don't know what to do, my suggestion is to find an experienced person in the market that you are interested.  Ask this potential partner to help you evaluate the market and the business.  If there is a market, ask this personal to be your partner, assuming this is a competent person with whom you can get along. This will increase the chance of your success a lot:-)

I am still trying to find out the general depth of the river waters around PP. My business idea depends upon that.

Silang Vong :

Hi Investors,

I would suggest investing in hospital treatment business. Given that there is low quality of hospital treatment in Cambodia. People seek treatment in Thailand, Vietnam, or Singapore.

The problem with that is you need to get qualified staff who are willing to work in Cambodia for a fraction of the wages they could earn in most Western countries.

Most Khmer people couldn't afford to pay the required costs for qualified and caring professionals.  And, I can only guess that any organisation that is making money would be expected to pay baksheesh to multiple local officials.

Why do people from Cambodia go to Thailand, Vietname and Singapore?  Firstly, there is a lot less corruption and paybacks and secondly, the level of medical care is much higher.

If you want a hotel or guest house, you have to own the property, otherwise you'll get screwed over the cost of rentals. 

I believe that there are no ideal development opportunities in Cambodia given the level of corruption and endemic poverty.  Stop the rot (corruption) and that should have a trickle through effect of improving the lifestyle of people in the country.

HI again,

I posted to this topic before (late October) and I have been thinking more about the subject.

I have a question that someone might be able to help me with.  We have been considering finding an OnLine Business to work at here in Cambodia to supplement our income, but aren't quite sure if that is possible OR how it might work.  I know there are some legitimate online businesses in the U.S.A. (also MANY scams), but if we signed up for one of those, how would we get paid when there is essentially no mail service here in Cambodia?  We are not looking to "get rich quick."  We would be happy with an annual income from the online business of around $25,000 [US].

I have a related question.  If we decided to do what I'll call, Market Trading, can anyone suggest a REPUTABLE trading firm we might be able to use here in Cambodia?

Thanks in advance for your suggestions.

Alex C.

If the online business you want to do can be done in US already and earn the money that you want, just do it in US.  It is ONLINE, so it doesn't matter where you are at:-)  You can transfer the income to your bank account in Cambodia:-)

I have been doing "online business" for US market for 10 years.  I was in another country and now I am in Cambodia.  But my "business" has never moved; I am the one who has moved physically.  It is a website and most of the customers are from US.  It doesn't matter where I WORK:-)

Anyone know anything about sending large parcels from Cambodia?

I make motorbike fairings,  barely staying alive in Australia due to high costs.

Previously people have said the post is expensive and unreliable,  has this improved?   

Could I take parcels to Thailand and send from there?

Hi,

I can't comment on the Post in all of Cambodia but here in Siem Reap, regular Post is TERRIBLE!!!  I have actually watched one postal employee take purchased stamps off of postcards tourists were sending and tossing the cards into the trash on TWO occasions.  The ONLY reliable way to send things through the Post is by "Express Mail" which STARTS at $35.00 [US] for a page-sized (i.e. 9X11) light cardboard envelope that takes 3 weeks to get to destinations in the USA.  I have used it twice for important documents and they WERE received.  To me the ONLY safe way to send anything of value to/from Cambodia is by DHL which is VERY expensive to/from the USA.........don't know about Australia.

Hope that helps.

Thanks,  that pretty much nails that plan,    anyone know anything about walking boxes across the border to Thailand?

Hahaha! Wait, were u serious?

I have saved more than five digits here in Taiwan and I noticed that Taiwan has a strict taste when it comes to food, so Hawaiian food wouLd not work in this market. I do not know if Khmer peopLe Like sweet food, but I know Europeans Love it because I used to cook for Europeans in many countries.

Then, I met a guy through Couchsurfing, in PP, who has a smaLL cart and he couLd not decide on what to seLL. I thought if I were to cook Hawaiian food: Chicken, rice, and macaroni pLate Lunches, for exampLe, how much a LocaL pay in PP. I have Learned that they typicaLLy wouLd pay 2-4$ for my dish which is not so bad.
However, I see that restaurants are everywhere and it might be a better idea to immerse myseLf more to understand what peopLe want. Even this guy on Couchsurfing does not know what his native peopLe want; hence, he does not know what to seLL.  :o

If anyone is serious, and has a great / GENEROUS business pLan, I might be your AngeL investor  :top:  10,000$ might be the most I wouLd invest if the pLan is detaiLed, LogicaL, etc. I have not arrived yet in PP, but in December I wiLL. I am excited to see what peopLe reaLLy need in Cambodia.

I'm into investing in hotels & casinos in Cambodia. Anyone keen can link up here. Tks!

Hi all I'm a local man.
All topic look nice, I also like to share some info.
1- Some foreigner they start a small business i think their budget around $10,000 to $30,000. the business type is Restaurant or bar. that enforcer I think they don't have any skill or experiences to that business just open it.. in around 5 to 8 months after I saw the they put sign board for sell the business. some they open the business just for their lifestyle i think. why? because they llasy  to open the shop some day open and some days close they happy with his  girl friend. they just see someone doing the business and he also want. Never research or put any number of P&L

2-  KFC, Costa and other high skill with profession training they still stand.
Hospital also good but not at all. Do you know last 10years Cambodia trust much Vietnam hospital at Ho Chi Ming. then Vietnam invest a big hospital in Phnom Penh.

Let say about Bank Koh or Royal Hospital the company from Thai. they they invest in Cambodia but some of Item of technology at Bank Koh even test blood also they send it to their Heard hospital in Bank Koh for annalist than sent the result to Cambodia. Some time they just open in Cambodia for office representative only. budget local not use that hospital and they go directly to Thailand at province boarder Sorin (Thai) All I mean Low and middle use hospital in Cambodia and from Middle to high they never check their healthy in Cambodia, I'm sure that.

Sarath

Hi, I am Anthony. I too am relocating to PP around January or February. I intend to start a very unique business once there. If you would like to discuss an investment opportunity, you may email me at PhenomNPhnom[at]aol.com. or better yet, message me on Facebook and send me a friend request. Looking forward to hearing from you.
Anthony

oh Gosh, be thankful you don't have Restaurant Brands taking over vast regions, last thing Asia needs is a pack of corporate hyenas teaching them how to cut down all their resources to farm cattle for profit that only benefits the very few at the top, whilst filling hospitals and medical cinics full of unhealthy unwitting patients. Employing thousands of locals on minimum wage (based on the western model where most of those adult workers are forced to collect welfare) is not an improvement. Especially with everything they give up in exchange.

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