Laos is looking to develop ecommerce

Friday 9 March 2018 13:31 CET | News

The Ministry of Post and Telecommunications from Laos has named the development of ecommerce as one of its core strategic goals over the next 10 years.

According to the long-term development plan, which has been posted on the ministrys website, Laos will complete the construction of essential Information and Communications Technology (ICT) infrastructure and draw up legal documents to support ecommerce by 2025.

Once the infrastructure and legislation are in place, local and foreign businesses will have more confidence in trading goods and service via the Internet. They will also have legal protection for all online transactions.

A number of local and foreign businesses in Laos currently advertise their goods and services on the Internet. This online market is attracting a large number of customers, thanks to the increase of Internet users. There are about 2.5 million Internet users, out of its less than 7 million population, registered in Laos.

Despite achieving remarkable progress in the development of the online market, Lao businesses do not feel confident about online transactions.

In addition to the development of ecommerce in Laos, the Lao Ministry of Post and Telecommunications has outlined in its strategic plan that it will attempt to lower the cost of Internet services.

Internet service fees in Laos are higher than those in most ASEAN member nations. Lao Internet providers attribute the high cost of Internet services to the purchase of bandwidth from neighbouring countries but not from the main internet service providers, said the report.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Laos, ecommerce, Asia, online sales, Ministry of Post and Telecommunications
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce