cn--Financing Environment for SMEs in Singapore Thailand OSMEP
5th Anniversary Annual Report 2006 Vietnam www.
Prior to the signing ceremony, a meeting was held between the HKTDC, Deputy Prime Minister Somkid Jatusripitak, Thailands Minister of Industry, Uttama Savanayana, the Director General of Thailands Department of Industrial Promotion, Pasu Loharjun, and representatives of OSMEP and the SME Development Bank of Thailand.
OSMEP, with the status of a governmental agency, is responsible for stipulating SME promotion policies and is committed to creating better domestic and overseas business environment for Thai SMEs.
The agreement on stronger cooperation to promote bilateral SME development was witnessed by Thai Deputy Prime Minister Somkid Jatusripitak (centre), Thai Minister of Industry Uttama Savanayana (standing, right) and HKTDC Executive Director Margaret Fong (standing, left), and signed by OSMEP
Director General Salinee Wangtal (seated, right) and HKTDC Deputy Executive Director Benjamin Chau (seated, left).
In the context of Thailand, a large number of SMEs face difficulties in accessing formal sources of funding due to limitations that are characteristic of SMEs, such as small size, lack of fixed assets, a lack of systematic accounting and lack of a business plan (OSMEP
2007a; OSMRJ 2008; OSMEP