News

Green light for online action plan

The cabinet on Monday gave the go-ahead to the national e-commerce development action plan phase I, which spans 2021-2022 and aims to boost e-commerce revenue to more than 5.35 trillion baht next year.Rachada Dhnadirek, a deputy government spokeswoman, said the Commerce Ministry’s action plan will ...

Bangkok Post Reporter

State plan to aid e-commerce

The Electronic Transactions Development Agency (ETDA) is gearing up to develop digital infrastructure, upgrade e-transaction rules, improve e-transaction system standards and promote digital knowledge among the public as part of its 2021-22 strategic plan.The draft plan was revealed when ETDA recently held an online conference ...

Komsan Tortermvasana

Minister wants protection for e-commerce platform

The Digital Economy and Society (DES) Ministry is seeking to have all e-commerce platforms registered with the Electronic Transactions Development Agency (ETDA) to ensure cybersecurity in this 3-trillion-baht industry.The call was made as DES Minister Buddhipongse Punnakanta yesterday held a meeting with representatives from e-commerce ...

Suchit Leesa-Nguansuk

Internet economy on trajectory to $53bn value

Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.Thailand is projected to have the ...

Komsan Tortermvasana

Ministry to sign deal with Shopee in bid to make farmers tap e-commerce platform

The Ministry of Agriculture and Cooperatives will sign a memorandum of understanding (MoU) with Shopee on July 15 this year encouraging Thai farmers to sell products online, expecting the product sales via Shopee platform to increase by approximately 30 per cent.Agriculture and Cooperatives Minister Chalermchai ...

The Nation Reporter

Change of consumer behaviour in new normal boosts online sales

E-commerce in Thailand this year will rise by 35 per cent or Bt220 billion due to the “new normal” brought on by the government’s lockdown measures amid the Covid-19 crisis, Priceza.com revealed on Wednesday (June 10).Priceza.com is a leading price comparison website in Southeast Asia ...

The Nation Reporter

Fast-Changing E-Commerce Trends In A Pandemic

Based on a 2019 study by Facebook and Bain & Company, a global management consulting firm, digital consumers in ASEAN will be spending three times as much in 2025.The joint study found that while consumers in Southeast Asia spent US$125 on average on online purchases ...

2020 online trade set to hit B220bn

Thailand’s e-commerce, excluding business-to-business engagement, is expected to grow 35% to 220 billion baht in 2020, driven by the coronavirus outbreak, says Priceza, a price comparison shopping website.Meanwhile, the competition between social commerce and e-marketplaces is expected to intensify.“In the post-Covid-19 world, the online channel ...

Suchit Leesa-Nguansuk

Minister pushes online sales of farm produce

The Ministry of Agricultural and Cooperatives plans to promote online sales of Thai agricultural produce through collaboration with e-commerce platforms, such as Lazada and Shopee, said minister Chalermchai Srion.“Preliminarily, Lazada has accepted our proposal ” he said. “We need standardised produce and have selected farmers ...

The Nation Reporter

E-commerce, digital content rise as virus outbreak takes hold in China

The Trade Policy and Strategy Office (TPSO) says e-commerce and digital content are gaining ground in China amid the coronavirus (Covid-19) outbreak.Pimchanok Vonkorpon, TPSO’s director-general, said the trends of e-commerce and digital content were gathering momentum as Chinese people tended to stay home during the ...

The Nation Reporter

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