Small Business

We’ve just returned from our annual trip to Vietnam to visit our two grandchildren for their birthdays. This time we spent a couple of days on the way in Cambodia to see the amazing Angkor Wat and the other temples around Siem Reap.

Each visit we’re amazed at the number of Australian expats opening small businesses in the region to cater for overseas tourists and doing so well.

And why wouldn’t they? Once you get over the widespread corruption (which seems to be a normal cost of doing business) the labour and input costs of the business are tiny compared with those in Australia.

Charging visitors first world prices while incurring third world costs is a terrific formula for success.