Thailand: effective government policies for SMEs during COVID-19 2021

In 2021, a survey conducted on small and medium enterprises (SMEs) in Thailand found that 30.6 percent of firms believed that government policies which provided financial aid helped them the most during the COVID-19 pandemic. Financial aid policies included providing loans with low interest, reducing monthly payments on loans for businesses, and pausing debt payments.

Most effective government policies for small and medium enterprises (SMEs) during the COVID-19 pandemic in Thailand in 2021

Characteristic	Share of enterprises
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Release date

March 2021

More information

Region

Thailand

Survey time period

February 1 to 15, 2021

Number of respondents

660 respondents

Special properties

survey conducted among SMEs

Supplementary notes

The answers are based on what the SME found the most effective for their businesses.

Government policies for financial aid include pausing loan payments, reducing interest rates, and providing government loan guarantees. Policies on reducing costs include reducing water and electricity rates, and less-strict tax payment regulations. For consumer subsidies, policies under this category include payment programs for consumers and registered shops which also covers cash refunds. For government training policies, these policies include business incubation programs, and business strategy and risk management programs. Finally, other policies may include news and announcements from the government.

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