More than 75% of people in six major Southeast Asian countries may use online shopping

Yesterday, according to foreign media reports, according to a survey report by Google and Bain & Company, more than 75% of the population in six major Southeast Asian countries have access to the Internet, and most of them have shopped online at least once.

The report shows that as many as 40 million people in Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand have gone online for the first time this year. Currently, there are more than 440 million Internet users in these six countries, of which 80% have made at least one online purchase.

The report data shows that by 2021, the gross merchandise value (GMV) of the Internet industry in these six Southeast Asian countries is expected to reach US$174 billion, a year-on-year increase of 49%, with e-commerce driving most of the economic growth. In addition, online financial services in the region are also growing, mainly because digital payments and e-wallets have become the main means of payment. The total digital payment transaction volume in these six countries is expected to be US$707 billion this year , an increase of 9% over last year.

Google Southeast Asia vice president Stephanie Davis said e-commerce is expected to remain the largest component of the internet economy through 2025 and beyond . “We are also seeing very strong growth in other categories, such as transportation, which is also on the rise because of the food delivery business and e-commerce logistics business,” she told CNBC’s “Street Signs Asia” on Wednesday.

Currently, according to the survey data of Google and Bain & Company, the Philippines is in the leading position, and its gross merchandise value ( GMV) will increase from US$9 billion in 2020 to US$17 billion in 2021, with a growth rate of 93%. It is expected that by 2025, the Internet economy of these six countries is expected to exceed US$360 billion. The report also predicts the consumption trend of residents, and online shopping will become the main means of shopping used by people, and its gross merchandise value (GMV) may reach US$700 billion to US$1 trillion by 2030.

Southeast Asia

Online consumption

E-commerce