Laos pushes e-commerce initiative, seeks to reduce Internet costs

Laos pushes e-commerce initiative, seeks to reduce Internet costsThe Lao Ministry of Post and Telecommunications has named the development of e-commerce as one of its core strategic goals over the next ten years, Vientiane Times reported.

According to the long-term development plan, which has been posted on the ministry’s website, Laos will complete the construction of essential information and communications technology infrastructure and draw up legal documents to support e-commerce by 2025.

The move follows earlier initiatives supported by the Asian Development Bank to provide an e-commerrce platform to small and medium businesses in Laos.

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

Laos currently has about 2.5 million internet users, out of a population of around seven million.

In addition to the development of e-commerce 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, whose fees are higher in Laos than those in most ASEAN member nations.

An analysis suggests that landlocked Laos needs to negotiate with neighbouring countries to purchase bandwidth and Internet services from multinational providers to make domestic Internet services cheaper.

 



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The Lao Ministry of Post and Telecommunications has named the development of e-commerce as one of its core strategic goals over the next ten years, Vientiane Times reported. According to the long-term development plan, which has been posted on the ministry's website, Laos will complete the construction of essential information and communications technology infrastructure and draw up legal documents to support e-commerce by 2025. The move follows earlier initiatives supported by the Asian Development Bank to provide an e-commerrce platform to small and medium businesses in Laos. Once the infrastructure and legislation are in place, the Lao government assumes that...

Laos pushes e-commerce initiative, seeks to reduce Internet costsThe Lao Ministry of Post and Telecommunications has named the development of e-commerce as one of its core strategic goals over the next ten years, Vientiane Times reported.

According to the long-term development plan, which has been posted on the ministry’s website, Laos will complete the construction of essential information and communications technology infrastructure and draw up legal documents to support e-commerce by 2025.

The move follows earlier initiatives supported by the Asian Development Bank to provide an e-commerrce platform to small and medium businesses in Laos.

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

Laos currently has about 2.5 million internet users, out of a population of around seven million.

In addition to the development of e-commerce 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, whose fees are higher in Laos than those in most ASEAN member nations.

An analysis suggests that landlocked Laos needs to negotiate with neighbouring countries to purchase bandwidth and Internet services from multinational providers to make domestic Internet services cheaper.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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