The COVID-19 outbreak affects SMEs. OSMEP admits many entrepreneurs can’t fight until they have to close their businesses. Only the first quarter of this year has closed 20,000 businesses. Prepare to launch SME projects in half. help entrepreneurs
Mr. Weerapong Malai, the Office of Small and Medium Enterprises Promotion (OSMEP) revealed that the overall economy of SMEs in the first quarter of 2021 is expected to be negative 4.8 percent from the previous projection of minus 2-2.4. The impact of the new COVID-19 outbreak affects income and debt burden, making it difficult for business recovery. Especially tourism, hotels and restaurants, were affected by the slowdown in consumption.
The number of business closures in the first quarter of 2021 is about 20,000, reflecting the number of employees who claim compensation from social security, which is 200-300 percent higher than the same period last year. But if compared to the severity of the outbreak in the 1-2
The number of new business openings increased by 23,000 compared to about 20,000 from the same period last year, as workers who were laid off were looking for new ventures such as trading through online platforms. And some businesses have turned to online sales. causing revenue to grow exponentially At the same time, there are still positive factors from SME export business still recovering. Because the foreign markets that have returned to be better, such as the United States, China and Japan
OSMEP is in the process of creating a project to help SMEs. in terms of sales and cost reductions, such as half of the SME projects and pulling SMEs into the government procurement system to meet the target of 100,000 out of 30,000 at present Due to budget constraints in 2022 because OSMEP cut off 30 percent of the budget from the total budget of 1,000 million baht.
While Chonrangsi Chalermchaikit, honorary chairman of the Thai SME Federation, revealed that from inquiries of SMEs in many provinces More than half of them have closed their businesses. because can not bear the burden of cost and lack of income At the same time, there is no access to government credit. As a result, many businesses rely on informal loans. Therefore, most businesses are waiting for soft loans from the Bank of Thailand (BOT), which is adjusting the new criteria. Expect to get a loan faster than get a low interest rate.
Department of Industrial Promotion Prepare to organize activities to heal community enterprises through online activities or virtual events connecting more than 140 small entrepreneurs such as selling products and giving financial advice from 11-15 June