Thailand E-commerce business registrations jump 544% in 10 months

[Jonathan Fairfield]

E-commerce business registrations jump 544% in 10 months
PETCHANET PRATRUANGKRAI

BANGKOK:-- E-commerce business registrations increased fivefold during the first 10 months of this year, the Commerce Ministry's Business Development Department reported.

The number of e-commerce registrations reached 15,363, up by 544 per cent compared with the first 10 months of last year.

Pongpun Gearaviriyapun, director-general of the department, said more e-commerce enterprises were acquiring licences amid the emerging growth of online trading.

The top three online businesses are those related to computing and the Internet, accounting for 17 per cent of the total, followed by fashion and apparel with 16 per cent, and health and medical care with 12 per cent.

The department has projected that the number of e-commerce businesses registered with the agency will reach 20,000 next year.

In addition, the department reported that the number of new companies increased by 2 per cent year on year during the first three quarters of this year to 47,159, indicating that the business sector remains confident that the economy will recover. Pongpun expects more new companies in the remaining months of the year as consumers' spending power rises and the economy gets stronger, after the government's economic stimulus packages take effect.

The number of business closures increased in the first nine months by 16 per cent to 11,862, largely because the department has been clearing its registration system of inactive businesses.

The department projects between 60,000 and 65,000 newly registered companies this year.

Source: http://www.nationmultimedia.com/business/E-commerce-business-registrations-jump-544-in-10-m-30271052.html

-- The Nation 2015-10-17

[empireboy]

The future is here!

[FredNL]

I think that DBD needs a new calculator !!!

[FredNL]

Business Development Department says it received 13% less applications for company registration this year, attributing economic slowdown as a main reason.

[bkksteve123]

Business Development Department says it received 13% less applications for company registration this year, attributing economic slowdown as a main reason.

Yes, overall slowdown in new business registrations, but rapid growth within companies registering specifically as e-commerce businesses.

Conclusion: E-commerce is growing as consumers spend more time online and Thais embrace online shopping. Early bird gets the worm!

[SoFarAndNear]

I could also one of these but after 2 years I still not found any trustworthy Thai citizen to run a company with