![](https://geconsult.asia/wp-content/uploads/2023/12/Obstacles-Faced-by-Local-SMEs-on-e-Commerce-–-GEC-Business-Review.webp)
According to a recent SME survey conducted in Malaysia, there are surprisingly 70% of SMEs in Malaysia have yet owned a website.
A survey conducted by the Association Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) also revealed that SMEs are still implementing conventional method of doing business, with only 28% of the 965 survey respondents stated that they are currently involved in e-commerce; 24% of them are “in planning” situations, and the remaining 48% are completely not involved in e-commerce at all.
Studies have revealed that main obstacles faced by local SMEs on e-commerce implementation is due to the poor Internet bandwidth (30%), followed by expensive cost involved (25%) and concerns on e-payment security (20%).
![](https://geconsult.asia/wp-content/uploads/2023/12/main-obstacle-SME.webp)