Thailand
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Thailand was first reviewed during the 2017/2018 peer review. This report is supplementary to Thailand’s 2017/2018 peer review report (OECD, 2018[1]). There is no filing obligation for a CbC report in Thailand yet.
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In 2016, there were approximately 3.01 million SMEs in Thailand, which constituted 99.7% of all enterprises. They altogether contributed to 42.2% of the country's GDP and accounted for 78.5% of total private sector employment.
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In 2013, the Office of SME Promotion analysed government purchasing data and found that SMEs are very active in public procurement. In terms of the number of vendors, SMEs account for 95%, and in terms of buying value, they account for 84%.
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Thailand is reforming its regulatory environment to help facilitate the growth of businesses in the country. Since 2017, the government has focused on reducing administrative burdens to improve the business environment by improving the licensing...
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Thailand’s SME policy has its roots in the Asian Financial Crisis and a push by policy makers to diversify and establish a broader base for growth. It broadly adopts the “service delivery “approach to SME policy, providing services to help SMEs...
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1. Consistent with the agreed methodology this first annual peer review covers: (i) the domestic legal and administrative framework, (ii) certain aspects of the exchange of information framework as well as (iii) certain aspects of the confidentiality...
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In 2015, there were approximately 2.77 million SMEs in Thailand, which constituted 99.72% of all enterprises. SMEs in Thailand accounted for 80.44% of overall private sector employment in the same year. Moreover, SMEs’ contribution to the country’s...
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There were 2.7 million SMEs (firms with less than 200 employees) in Thailand in 2012, constituting 99.7% of all enterprises and employing 78% of the labour force, including agriculture. Most banks do not use the national SME definition. Instead, they...
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There were 2.9 million SMEs (firms with less than 200 employees) in Thailand in 2010, constituting 99.6% of all enterprises and employed 78% of the labour force including agriculture. The economy of Thailand was hit by two major events during the...
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Private sector employees in the formal sectors are covered under the Social Security Fund (SSF). The old-age pension scheme under SSF is a defined-benefit scheme.
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