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Monday, May 13, 2024

Bangkok Post – Bid to hike SME contribution to GDP to 40%

Contribution valued at B6.1tn in 2022

The Commerce Ministry has vowed to boost the economic value of small and medium-sized enterprises through stimulating consumption, investment, government spending, and international trade, setting a target to increase the GDP contribution of SMEs to 40% by 2027.

According to Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), Commerce Minister Phumtham Wechayachai and his deputy Napintorn Srisunpang recognised SMEs’ vital role in the country’s economic growth and placed a high priority on fostering and enhancing the trade activities of SME businesses.

SMEs constitute 99.5% of all businesses and…

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