Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
I am concerned about the state of the country in 2021. More concerned about Cambodia compared to any other nation in the ASEAN (or Asia for that matter).
Looking at data, Cambodia has the 2nd least complex economy in the region (only Myanmar is worse). For those who don't know, this means that Cambodia has a very poorly diversified economy indeed. They rank 119th - worse than neighbours Laos (116), Vietnam (81) and Thailand (28).
Cambodian imports are shockingly imbalanced, with over 55% of all imports coming from China and Thailand alone.
Personal and Business travel rank no1 and no3 respectively for service exports.
I was considering a move to Cambodia prior to Covid-19, but the outlook appears very poor. (I didn't make the move in the end, but still remain somewhat interested)
What is the feeling on the ground there? I don't know anyone living there at present, but i'm hearing some sad stories 3rd hand about retail & wholesaling closures. This isn't unique to Cambodia - there are sad economy related stories everywhere at the moment. My concern is the countries ability to correct itself and get back on track once the opportunity arises.
Can Cambodia bounce back in 2021? Or is it at the start of a long period of malaise?
What does it look like first hand for those of us who aren't there?
Looking at data, Cambodia has the 2nd least complex economy in the region (only Myanmar is worse). For those who don't know, this means that Cambodia has a very poorly diversified economy indeed. They rank 119th - worse than neighbours Laos (116), Vietnam (81) and Thailand (28).
Cambodian imports are shockingly imbalanced, with over 55% of all imports coming from China and Thailand alone.
Personal and Business travel rank no1 and no3 respectively for service exports.
I was considering a move to Cambodia prior to Covid-19, but the outlook appears very poor. (I didn't make the move in the end, but still remain somewhat interested)
What is the feeling on the ground there? I don't know anyone living there at present, but i'm hearing some sad stories 3rd hand about retail & wholesaling closures. This isn't unique to Cambodia - there are sad economy related stories everywhere at the moment. My concern is the countries ability to correct itself and get back on track once the opportunity arises.
Can Cambodia bounce back in 2021? Or is it at the start of a long period of malaise?
What does it look like first hand for those of us who aren't there?
- Ghostwriter
- Expatriate
- Posts: 3146
- Joined: Sat Feb 09, 2019 2:01 am
- Reputation: 2024
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
Even the wealthy are looking for a plan B,
in the land of prahok and bugattis
Good start for a poetry
in the land of prahok and bugattis
Good start for a poetry
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
If you’re cashed up or retired it’s not so bad. Lots of prime real estate for rent or sale at great prices.La Quenta wrote: ↑Wed Nov 18, 2020 1:19 pm I am concerned about the state of the country in 2021. More concerned about Cambodia compared to any other nation in the ASEAN (or Asia for that matter).
Looking at data, Cambodia has the 2nd least complex economy in the region (only Myanmar is worse). For those who don't know, this means that Cambodia has a very poorly diversified economy indeed. They rank 119th - worse than neighbours Laos (116), Vietnam (81) and Thailand (28).
Cambodian imports are shockingly imbalanced, with over 55% of all imports coming from China and Thailand alone.
Personal and Business travel rank no1 and no3 respectively for service exports.
I was considering a move to Cambodia prior to Covid-19, but the outlook appears very poor. (I didn't make the move in the end, but still remain somewhat interested)
What is the feeling on the ground there? I don't know anyone living there at present, but i'm hearing some sad stories 3rd hand about retail & wholesaling closures. This isn't unique to Cambodia - there are sad economy related stories everywhere at the moment. My concern is the countries ability to correct itself and get back on track once the opportunity arises.
Can Cambodia bounce back in 2021? Or is it at the start of a long period of malaise?
What does it look like first hand for those of us who aren't there?
-
- Expatriate
- Posts: 567
- Joined: Wed Jan 08, 2020 10:04 pm
- Reputation: 167
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
Seems like it's not a good destination for people with entrepreneurial ideations right now.
What about digital nomads, people who can work from anywhere with a computer and fast internet and maybe want to spend several months in Cambodia? With all the business closings and travel restrictions, would life end up being pretty dull?
What about digital nomads, people who can work from anywhere with a computer and fast internet and maybe want to spend several months in Cambodia? With all the business closings and travel restrictions, would life end up being pretty dull?
-
- Expatriate
- Posts: 776
- Joined: Mon Oct 09, 2017 11:56 pm
- Reputation: 571
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
That’s what’s kept me away. Original plan was to be in the country by now.techietraveller84 wrote: ↑Thu Nov 19, 2020 2:00 am Seems like it's not a good destination for people with entrepreneurial ideations right now.
What about digital nomads, people who can work from anywhere with a computer and fast internet and maybe want to spend several months in Cambodia? With all the business closings and travel restrictions, would life end up being pretty dull?
So disappointed at how little effort the govt are making to secure any vaccines - from what I can tell in the news they casually asked Russia for theirs and didn’t hear back from them so had to ask again a month later and still don’t have anything resembling an actual order for delivery.
-
- Expatriate
- Posts: 567
- Joined: Wed Jan 08, 2020 10:04 pm
- Reputation: 167
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
What's the status of China's promise of vaccines to Cambodia? I hear that Khmer Times isn't the most reliable source, but per the article linked below, China has made some vaccine related promises. As for Russia, it's probably a blessing in disguise it isn't sharing it's hastily pieced together vaccine.nerdlinger wrote: ↑Thu Nov 19, 2020 2:09 amThat’s what’s kept me away. Original plan was to be in the country by now.techietraveller84 wrote: ↑Thu Nov 19, 2020 2:00 am Seems like it's not a good destination for people with entrepreneurial ideations right now.
What about digital nomads, people who can work from anywhere with a computer and fast internet and maybe want to spend several months in Cambodia? With all the business closings and travel restrictions, would life end up being pretty dull?
So disappointed at how little effort the govt are making to secure any vaccines - from what I can tell in the news they casually asked Russia for theirs and didn’t hear back from them so had to ask again a month later and still don’t have anything resembling an actual order for delivery.
https://www.khmertimeskh.com/50772446/v ... -cambodia/
-
- Expatriate
- Posts: 776
- Joined: Mon Oct 09, 2017 11:56 pm
- Reputation: 571
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
I don’t know, but given China haven’t proven that any of their vaccines work and don’t cause harm, I’m not not booking any flights based on that either.
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
https://www.japantimes.co.jp/news/2020/ ... cine-race/techietraveller84 wrote: ↑Thu Nov 19, 2020 2:53 amWhat's the status of China's promise of vaccines to Cambodia? I hear that Khmer Times isn't the most reliable source, but per the article linked below, China has made some vaccine related promises. As for Russia, it's probably a blessing in disguise it isn't sharing it's hastily pieced together vaccine.
https://www.khmertimeskh.com/50772446/v ... -cambodia/
As COVID-19 began spreading earlier this year, it took Gamaleya scientists only a few weeks to adapt their MERS adenovirus vectors for the new pathogen. After testing on mice, guinea pigs and monkeys, the center’s director and key scientists injected themselves with the vaccine.
Apparently, they had had the foundation for adaptation for around 6 years. Most western media chose to gloss over this significant fact. Personally not sure which I'd prefer, Russian or Chinese. Wrt cost, pretty sure both will be cheaper than Pfizer or the Israeli one mentioned a few months back. Pfizer 2-shot treatment is $40 pp
https://www.france24.com/en/live-news/2 ... 9-vaccines
- Bitte_Kein_Lexus
- Expatriate
- Posts: 4421
- Joined: Sun May 18, 2014 7:32 pm
- Reputation: 1325
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
If you focus on paper, you'll never see the big picture.
Ex Bitteeinbit/LexusSchmexus
Re: Cambodia's vulnerability as the Covid economic slowdown continues to steamroll into 2021
I would think the Chinese investors are doing very well in the current situation, and if they are doing so, it would be safe to say that some Cambodian people are doing equal taking opportunities of their ongoing investors. For certain the Chinese business is growing daily with what I see in the capital city. The big Cambodian construction companies seem to be doing well also with new and ongoing planning, such has the expansion of housing on the borey sites, this is what I don't understand, but they must have a prospective to whom are going to buy.
Has the vaccine goes I thought the government had sealed the deal with Europe that they will receive 3% of the vaccine when produced.
Has the vaccine goes I thought the government had sealed the deal with Europe that they will receive 3% of the vaccine when produced.
Always "hope" but never "expect".
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1283 Views
-
Last post by phuketrichard
-
- 0 Replies
- 1017 Views
-
Last post by yong
-
- 22 Replies
- 7670 Views
-
Last post by Matty9999
-
- 227 Replies
- 45394 Views
-
Last post by KTabi
-
- 0 Replies
- 1344 Views
-
Last post by CEOCambodiaNews
-
- 0 Replies
- 1909 Views
-
Last post by CEOCambodiaNews
-
- 53 Replies
- 13875 Views
-
Last post by numacsys
Who is online
Users browsing this forum: Kammekor, Lost50, PSD-Kiwi, Pseudonomdeplume, xandreu and 725 guests