Finance Ministry prepares more measures to assist SMEs for ASEAN integration

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BANGKOK, 3 September 2012 – The Finance Ministry is coming up with more assistance measures for the SMEs in order to prepare them for the ASEAN Economic Community (AEC). 

According to Permanent Secretary for Finance Areepong Bhoocha-oom, Thai SMEs have been receiving consistent supports from the commercial banks; but many measures do not help increase the entrepreneurs’ potentials.

Mr Areepong said the Finance Ministry is, therefore, gathering information and revising measures to suit the SMEs’ needs. He stated that the Ministry is focusing on four industries, including textile, para-rubber, automobile, and electronics, as they are hit hardest by the economic crisis.

The permanent secretary added the measures will be directed to small businesses, which accounted for 2.7 million of the 3 million SMEs nationwide, so that they can get ready for the ASEAN Economic Community in 2015.

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