Thailand promotes e-commerce development

The Thai government has vowed to move forward with its e-commerce development plan, aiming to increase domestic e-commerce revenue to more than 7.1 trillion baht (209 billion USD) by 2027, average growth of 10 percent annually, local media reported.
Thailand promotes e-commerce development ảnh 1Products that customers ordered online are waiting in line for pick-up and delivery services (Bangkok Post file photo)
Bangkok (VNA) - The Thai government has vowed to move forward withits e-commerce development plan, aiming to increase domestic e-commerce revenueto more than 7.1 trillion baht (209 billion USD) by 2027, average growth of 10percent annually, local media reported.

According to Deputy Minister of Commerce Sansern Samalapa, who chaired the 2022E-Commerce Committee meeting on April 21, the committee approved a draftnational e-commerce development action plan phase II, which spans 2023-27.Phase I covered 2021-22.

Under thefirst phase, the government aims to raise e-commerce revenue to 5.35 trillionbaht this year; increase the e-commerce revenue of small and medium-sizedenterprises (SMEs) by at least 5 percent a year; and grow outbound cross-bordere-commerce revenue by at least 5 percent a year during 2021 and 2022.

The plan is expected to link e-commerce information between thegovernment and the private sector, as well as increase the efficiency of thecountry's big data analysis. The scheme wants registration of e-commerceoperators through the Department of Business Development to reach at least10,000 a year. The first phase is also meant to promote integration among 20state agencies, eight ministries and the private sector.

Accordingto Electronic Transactions Development Agency data, the value of Thailand'se-commerce amounted to 4.01 trillion baht in 2021, a rise of 6.08 percent from3.78 trillion in 2020.

“In 2022,the Commerce Ministry plans to continue to strengthen the trade competitivenessof entrepreneurs, including SMEs, community enterprises and farmers, to reduceinequality and develop the grassroots economy," Sansern was quoted by theBangkok Post newspaper as saying.

The focus is on building a good national image to improve overseas consumertrust in order to benefit from market expansion for bio-, circular, and greeneconomy products through online platforms and business matching, he said.

Accordingto Sansern, the second phase of the action plan will aim to develop manpower,citizens and digital entrepreneurs (competency building); upgrade theenvironment and factors contributing to the development of e-commerce(ecosystem and enabling factors); enhance confidence in transactions in theindustry (trust and security), and develop online platforms and promote onlinetrade both domestically and across borders./.
VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.