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127292
Fri, 06/11/2010 - 09:10
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http://m.oananews.org//node/127292
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GDP portion of Thai SMEs expected to grow this year
BANGKOK, June 11 (TNA) – The contribution of small- and medium-size enterprises (SMEs) to Thailand's Gross Domestic Product (GDP) is expected to grow this year with emerging SMEs still outnumbering declining, weak or stagnant enterprises, according to the SME Promotion Office.
Director-Gerneral Yuthasak Supasorn said the recent political unrest had tarnished Thailand’s image and more frequent natural disasters had discouraged foreign tourists from visiting countries which are far from their own countries.
Simultaneously, the debt crisis in Europe had escalated and begun to spill over to affect Thailand.
Cumulatively these problems had impacted the tourism industry.
It is expected the number of foreign tourists visiting Thailand will fall, with Thai SMEs likely to be adversely affected.
Such enterporises must adjust to the changed market conditions by shifting their focus to the local market in order to offset a shortfall in purchasing power in overseas markets.
However, Mr Yuthasak said the office remained confident that Thai SMEs would continue growth at least 4 per cent for this year.
The office made an initial estimate that the number of emerging SMEs would reach 45,000-50,000 this year while stagnant or moribund enterprises would be around 35,000.
Numbers of people who have been laid off have turned to starting up and running their own businesses and upgraded themselves into SMEs.
“Such development is considered a good trend, but these SMEs need to be encouraged to do their business in a sustainable manner in compliance with the policy made by the industry minister,” Mr Yuthasak said. (TNA)
Director-Gerneral Yuthasak Supasorn said the recent political unrest had tarnished Thailand’s image and more frequent natural disasters had discouraged foreign tourists from visiting countries which are far from their own countries.
Simultaneously, the debt crisis in Europe had escalated and begun to spill over to affect Thailand.
Cumulatively these problems had impacted the tourism industry.
It is expected the number of foreign tourists visiting Thailand will fall, with Thai SMEs likely to be adversely affected.
Such enterporises must adjust to the changed market conditions by shifting their focus to the local market in order to offset a shortfall in purchasing power in overseas markets.
However, Mr Yuthasak said the office remained confident that Thai SMEs would continue growth at least 4 per cent for this year.
The office made an initial estimate that the number of emerging SMEs would reach 45,000-50,000 this year while stagnant or moribund enterprises would be around 35,000.
Numbers of people who have been laid off have turned to starting up and running their own businesses and upgraded themselves into SMEs.
“Such development is considered a good trend, but these SMEs need to be encouraged to do their business in a sustainable manner in compliance with the policy made by the industry minister,” Mr Yuthasak said. (TNA)
