Thailand’s e-commerce market value is expected to surge to 13 billion USD by 2025 from 3 billion USD in 2018 on the back of strong global demand for Thai products.
The Bangkok Post cited Ebay’s General Manager for Hong Kong, Taiwan and Southeast Asia border trade Jenny Hui as saying that Thai products are in global demand, including jewelries and watches, health and beauty products, auto parts, home and garden, and collectibles.
Southeast Asia will account for 20 percent of worldwide e-commerce by 2022. Moreover, Asia-Pacific is expected to become the largest cross-border trade region for both imports and exports.
She said the value of e-commerce market in Southeast Asia will grow to 103 billion USD by 2025, mostly thanks to increased flow of information, logistics and capital across borders. (VNA)
The Department of Business Development has now brought in global e-Commerce experts to help coach Thai businesses on digital marketing.
Meanwhile the government has been pushing for continuous development of the sector, especially SMEs, to fully adapt to digital marketing and provide products and services which meet customers’ needs, shortening and simplifying delivery and transactions, and offer more options to customers.
The DBD has held a mobile e-Commerce fair at IMPACT Exhibition Center, Nonthaburi, to help community enterprises and SMEs gain more knowledge of online marketing, with global e-commerce experts from companies such as Alibaba, eBay, Lazada, and Shopee, providing knowledge for Thai businesses, such as online shop formats, product photography, product description writing, and providing consultations on logistics cost cutting, while minimizing delivery time.
The Mobile e-Commerce Fair will be held four more times across Thailand throughout July-September 2019, specifically in Chiang Mai, Prachuap Khiri Khan, Khon Kaen, and Songkhla. For more information, please visit www.dbd.go.th, or the kongdeetourthai page on Facebook. (TNN)
Stable outlook for APAC sovereigns as growth rebounds and debt stabilizes
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.(more…)
China’s economy stumbles on power crunch
BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...