World

Thailand’s e-commerce projected to grow 35 percent this year

Thailand's e-commerce, excluding business-to-business engagement, is expected to grow 35 percent to 220 billion THB (nearly 7 billion USD) in 2020.
Thailand’s e-commerce projected to grow 35 percent this year ảnh 1People with face masks to avoid COVID-19 infection at a shopping centre in Bangkok, Thailand, on May 17 (Photo: Xinhua/VNA)

Bangkok (VNA) – Thailand's e-commerce, excludingbusiness-to-business engagement, is expected to grow 35 percent to 220 billionTHB (nearly 7 billion USD) in 2020.

Local media quoted Thanawat Malabuppha, ChiefExecutive of price comparison shopping website Priceza and President of theThailand e-Commerce Association, as saying that in the post-COVID-19 world, theonline channel and e-commerce are no longer an alternative option, but rather ameans of survival.

The country's e-commerce throughbusiness-to-consumer and consumer-to-consumer is projected to jump to 220billion baht in 2020, accounting for 4-5 percent of total retail.

Thanawat estimated e-commerce could reach 25percent of Thailand's total retail, similar to China, in 5-10 years.

In 2019, e-commerce retail sales were valued at163 billion THB, making up 3 percent of total retail. E-marketplace valueaccounted for 47 percent of e-commerce, followed by social media 38 percent andbrands' own websites 15 percent./.
VNA
#Thailand #e-commerce #Thailand e-Commerce Association #retail sales #e-marketplace #COVID-19 #Thai economy #Vietnamplus #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years

Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity.
Thailand cuts key rate to record low to help economy

Thailand cuts key rate to record low to help economy

The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.

See more

A Massive fire destroys oil storage facility in Malaysia. (Photo: VNA)

Massive fire destroys oil storage facility in Malaysia

The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.

Children participate in a game at the ASEAN Family Day 2025 (Photo: VNA)

ASEAN Family Day in New York spreads regional identity

Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.

Malaysian police and servicemen in an excercise. (Photo: Bernama)

Malaysia: 500 security personnel to be deployed for ASEAN meetings

Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.

Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

Indonesia concludes FTA talks with Eurasian Economic Union

Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.

Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.

Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.

The exhibition stall of Vietnam News Agency at the National Press Festival 2025. (Photo: VNA)

Cuban journalist praises revolutionary press’s role in Vietnamese history

In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.