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E-Commerce in Vietnam and Thailand Grows Fastest in SEA

E-Commerce in Vietnam and Thailand Grows Fastest in SEA

by Teuvo Tuomi | Jul 21, 2024 | ASEAN, Business, Digitalization, News, Southeast Asia, Technology, Thailand, Trade, Vietnam

Vietnam and Thailand are the fastest-growing e-commerce markets in Southeast Asia, according to a new report by OpenGov Asia. The report also highlights Vietnam’s ascent past the Philippines to become the third-largest e-commerce market in the region.Last year, the...
TikTok Becomes Online Shopping Hub for Young Thais

TikTok Becomes Online Shopping Hub for Young Thais

by Teuvo Tuomi | Mar 2, 2024 | Technology, Thailand, Visions

TikTok has become the most popular online shopping platform among Thais aged up to 29, according to a survey conducted by the Trade Policy and Strategy Office (TPSO). The survey was conducted among 4,699 respondents throughout the country. The platform is an online...
Lao Government Introduces Tax Regulations for E-Commerce

Lao Government Introduces Tax Regulations for E-Commerce

by Teuvo Tuomi | Feb 20, 2024 | Laos, Business, News

The Lao Ministry of Finance has announced a new regulation on mandatory tax payments for all digital shopping platforms. The ministry divides digital platform shopping websites into three groups: registered enterprises in the Value-Added Tax (VAT) system,...
TikTok Restarts Online Shopping in Indonesia

TikTok Restarts Online Shopping in Indonesia

by Teuvo Tuomi | Dec 13, 2023 | Indonesia, Business, China, Technology

Chinese-owned short video app TikTok has announced a 1.5 billion US dollar investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement. Under the deal, TikTok Shop will be merged into GoTo’s...

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