Small and Medium Enterprises of Thailand

Paper Summary:

This paper discusses a number of factors affecting and influencing small and medium size enterprises in Thailand. The paper looks at the industrial sector and its regulators, what may impede the growth of these enterprises, taxes and laws affecting the operation and ownership of businesses and requisites for entrepreneurship.

The Industrial Sector and Its Regulators
Growth Impediments to SMEs in Thailand
Income Tax and Laws for Foreigners in Thailand
Small Retailers vs Big Chains
Business in Thailand Only 2% E-Commerce
Requisites for Entrepreneurship

From the Paper:

"The industrial sector has contributed the most to the economic growth of Thailand, with manufacturing as its most important sub-sector , followed by construction, mining and quarrying. Manufacturing, accounting for approximately 25% of each addition to the incremental Gross Domestic Product, has relied heavily on agricultural products, such as rubber, textile, food processing, beverages and tobacco. Employment in the manufacturing sector has constituted more than more than 25% of the labor force Thailand's most important exports have been processed food, leather, wood, rubber and basic metals. The industrial sector is under the supervision of the Ministry of Finance, the Board of Investments, the Ministry of Commerce, the Ministry of Industry, the Industrial Finance Corporation, the Bank of Thailand and the National Economic and Social Development. The Ministry of Finance administers taxes and duties and provides refunds on exports and has a decisive role on government equity participation, foreign borrowing for project support and protection through tariff. The Board of Investment provides incentives for investments."

More papers on Small and Medium Enterprises of Thailand:

• Case Study # 75054 : "ERP Solutions for Small to Medium Enterprise (SMEs)"
• Book Review # 87560 : "Success in Small and Medium-Scale Enterprises"
• Term Paper # 106395 : "Strategy in Small and Medium-Sized Enterprises"

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