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)
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
Subscribe via Email
How the COVID-19 situation may affect Thailand’s export sector
Thailand's export sector could face damage of 200-300 billion baht if the situation cannot be brought under control within six...
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...