The Thai Department of Business Development is working to support the adoption of e-commerce by small and medium-sized enterprises (SMEs).
..
The Thai Department of Business Development is working to support the adoption of e-commerce by small and medium-sized enterprises (SMEs).
Key takeaways
The Thai Department of Business Development is working to support online commerce.
E-commerce is expected to reach 750 billion baht by 2025.
The department has partnered with TikTok Shop, Shopee, Lazada, and NocNoc.
According to various sources, e-commerce will reach 750 billion baht by 2025. Auramon Supthaweethum, the department’s director-general, explained that the Thai e-commerce market is expected to reach 700 billion baht in 2024, up from 634 billion in 2023, driven by a significant increase in business registrations and consumer adoption of technology for retail purchases.
In 2024, nearly 7,393 e-commerce businesses were registered with a capital of 43.7 billion baht, compared to 1,713 entities with a capital of 2.27 billion in…