Malaysia's e-commerce on a growth trajectory

Malaysia’s e-commerce is on a growth trajectory and has already started benefiting the country following the full implementation of 13 key programmes under the National eCommerce Strategic Roadmap’s (NeSR) six thrust areas.

International Trade and Industry Minister Darrell Leiking said e-commerce value added and contribution to the gross domestic product in Malaysia continuously improved over a period of seven years to RM85.8 billion in 2017 from RM37.7 billion in 2010, with an average annual growth rate of 12.5 per cent.

“While the annual percentage change for the period 2015 to 2016 was just 9.9 per cent, 2017 saw a remarkable jump to 14.3 per cent as a result of the nation’s efforts in strengthening the e-commerce industry.

“The National eCommerce Council (NeCC) headed by both MITI and MDEC is committed to take the (e-commerce) industry a level higher.

“We will continue to chart the growth and development of e-commerce in the country,” he said in a joint statement from the Ministry of International Trade and Industry (MITI) and Malaysia Digital Economy Corporation (MDEC) after chairing the NECC meeting here today.

The meeting discussed the NeSR’s progress on the implementation of the National eCommerce Strategic Roadmap (NeSR) and matters pertaining to enhancement of the competitiveness of the e-commerce ecosystem.

Malaysia’s e-commerce is on a growth trajectory and has already started benefiting the country following the full implementation of 13 key programmes under the National eCommerce Strategic Roadmap’s (NeSR) six thrust areas.

International Trade and Industry Minister Darrell Leiking said e-commerce value added and contribution to the gross domestic product in Malaysia continuously improved over a period of seven years to RM85.8 billion in 2017 from RM37.7 billion in 2010, with an average annual growth rate of 12.5 per cent.

“While the annual percentage change for the period 2015 to 2016 was just 9.9 per cent, 2017 saw a remarkable jump to 14.3 per cent as a result of the nation’s efforts in strengthening the e-commerce industry.

“The National eCommerce Council (NeCC) headed by both MITI and MDEC is committed to take the (e-commerce) industry a level higher.

“We will continue to chart the growth and development of e-commerce in the country,” he said in a joint statement from the Ministry of International Trade and Industry (MITI) and Malaysia Digital Economy Corporation (MDEC) after chairing the NECC meeting here today.

The meeting discussed the NeSR’s progress on the implementation of the National eCommerce Strategic Roadmap (NeSR) and matters pertaining to enhancement of the competitiveness of the e-commerce ecosystem.

https://www.thestar.com.my/business/business-news/2018/12/03/malaysia-e-commerce-on-a-growth-trajectory/

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