ÌÇÐÄÆƽâ°æ

In 2023, the number of micro, small, and medium enterprises (MSMEs) in Thailand reached around *** ³¾¾±±ô±ô¾±´Ç²Ô.ÌýThe wholesale and retail trade sector was the largest MSME sector in Thailand in that same year, followed by the service sector. The number of MSMEs has shown an increase lately, and the GDP of the MSME sector showed continued growth in 2023.

 SMEs in Thailand

According to the Office of Small and Medium Enterprises Promotion of Thailand, there are types of SMEs in the country: micro, small, and medium enterprises. Micro enterprises are businesses that employ **** people or fewer and have a revenue income that does not exceed *** million Thai baht per year. Small and medium enterprises are defined as businesses that employ ** people or fewer and *** people or fewer and have an annual revenue income of less than 100 million Thai baht and *** million Thai baht, respectively. SMEs not only generate the growth of entrepreneurs in the country but also demonopolize and promote employment across the country.

 SMEs over large enterprises

  SMEs in Thailand play an important role in the Thai economic system. There are several advantages that SMEs have over larger businesses, for instance, less complicated budget management, close connections with customers, and flexibility in the workplace. However, there are also disadvantages for SMEs, including financial risks that companies need to be conscious of. In fact, during the first quarter of 2023, more than half of MSMEs in Thailand claimed to be in debt.