The Laos and Cambodia security market is experiencing growth due to a rise in infrastructure and commercial projects. Yet challenges still remain. These include price competition and a lack of regulations governing security.
The Laos and Cambodia security market is experiencing growth due to a rise in infrastructure and commercial projects. Yet challenges still remain. These include price competition and a lack of regulations governing security.
Competition has become fierce in the Cambodia and Lao market, especially amid an influx of Chinese products that lure users with their attractive prices.
“In 2007 and 2008 we were selling cameras [from a major Western brand]. There wasn't much competition – you could sell this camera for around US$1,000 back then. But now if you try to sell a camera for that kind of price, no one is going to pay due to the competition,” said Michael Billen, Managi...
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