Thai Times

Covering the Thai Renaissance
Sunday, Jan 18, 2026

Commerce Ministry Focuses on SME Growth

Deputy Commerce Minister Napintorn Srisanpang reports a targeted increase of SME's GDP share to 36% by 2024. A future milestone seeks a 40% share by 2027, backed by a nine-point strategy boosting SME income.

Key strategies include:

1. Joint educational initiatives by state departments enhancing SME competencies.
2. Job creation through franchising opportunities for job seekers and those covered by social security.
3. Promoting local products to the foreign workforce, with efficient packaging and delivery.
4. Greater awareness and registration of geographic indication products.
5. Agricultural management to stabilize crop and livestock pricing.
6. Upgrading convenience stores with modern point-of-sale systems, online presence, and competitive fairness.
7. Encouraging SME participation in government procurement through SME-GP.
8. Establishing e-commerce standards with registered trademarks for business authenticity.
9. Developing Thailand as a major center for the jewelry and gem industry.

Additionally, the "Thai SMEs Power Expo" at the end of March will exhibit SME products and services, facilitate business-matching and seminars, and offer financial opportunities and expert advice. Following this, regional on-tour events will further support local SMEs.
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