VC fund plan in the works to help SMEs | Bangkok Post: business

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VC fund plan in the works to help SMEs

Meant to ease impact of strengthening baht

  • Published: | Viewed: 1,693 | Comments: 2
  • Newspaper section: Business
  • Writer: Wichit Chantanusornsiri & Parista Yuthamanop
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The Finance Ministry will set up a venture capital fund as a way to alleviate the impact of baht appreciation on small and mid-sized enterprises (SMEs). 

Under the soon-to-be-set-up fund, venture capital will be used to infuse SMEs whose competitiveness has been hurt by the stronger baht, Somchai Sujjapongse, director-general of the Fiscal Policy Office, said yesterday.

The ministry has set goals not only to sharpen these SMEs' competitiveness, but also push them to list on the Thai stock exchange or expand their business overseas.

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