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PM Prayut affirms Thailand’s support for ASEAN Micro SMEs

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PM Prayut affirms Thailand’s support for ASEAN Micro SMEs

 

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BANGKOK, 5 September 2019(NNT) - The Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, has told an academic forum that Thailand, as the Chairman of ASEAN in 2019, is ready to support micro-SMEs in the adoption of digital technology, and sees the private sector’s participation as an important mechanism for further collaboration within the ASEAN region.

 

Gen. Prayut, chairing the academic forum titled "ASEAN Micro SMEs in the Digital Era : Challenges and Opportunities", said the conference was called to seek ways to help small and medium sized enterprises (SMEs) and micro-SMEs to adopt digital technology, while also seeking environmental development. He said efficient use of digital technology is essential, as micro-SMEs currently make up over 95% of all businesses in each ASEAN member state.

 

The Prime Minister detailed that micro-SMEs now contribute 43% of Thailand’s gross domestic product (GDP) and must be acknowledged as a major economic driver. He pointed out that supporting micro-SMEs has been part of the national agenda since 2014, a policy that will be further strengthened while Thailand is the ASEAN Chairman.

 

He called on all ASEAN governments to pursue the adoption of digital technology by even its smallest businesses.

 

The Prime Minister asked everyone to understand the problems, issues and obstacles of the public and private sectors. One main problem is the cooperation of private businesses, how much or how little SMEs understand the situation.

 

He has been working to have SMEs conform to the system since this matter became part of the national agenda and have achieved considerable success in terms of generating awareness of the need for digital technologies in business, which reduce time, processes and costs considerably. The government can also support those who enter the system with funds. What he needs from ASEAN governments is a way to encourage and entice these entities.

 

The forum brought together noted experts from ASEAN and its trading partners as well as from private, academic and civic organizations.

 

Representatives of G20 nations were present for many of the event’s seminars, discussing the challenges and opportunities inherent among micro-SMEs during the transition to the fourth industrial revolution.

 

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15 hours ago, webfact said:

The Prime Minister detailed that micro-SMEs now contribute 43% of Thailand’s gross domestic product (GDP) and must be acknowledged as a major economic driver. He pointed out that supporting micro-SMEs has been part of the national agenda since 2014, a policy that will be further strengthened while Thailand is the ASEAN Chairman.

Given they are doing such a good job, perhaps the government should just get out of their way. 

I support micro SMEs: food carts down the street make fine chicken, etc. I'll have to ask them about their digital platforms and awareness of the need for digital technologies in business, which reduce time, processes and costs considerably.

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