Quick Big Win Policy: Enhancing SME Growth, Competitiveness, and Economic Development
On 14 November 2025, the Ministry of Finance announced a comprehensive support package for small and medium-sized enterprises (SMEs) (the “Package“) under the government’s “Quick Big Win” policy. The Package is scheduled for consideration by the Economic Policy Committee.
1. Financial Measures: Strengthening SME Liquidity
The Ministry of Finance will provide low-interest loans (soft loans) to facilitate SME access to funding and enhance existing credit guarantee programmes.
Additionally, a new credit guarantee facility funded by the Financial Institutions Development Fund (FIDF) will be launched with more flexible terms to improve SME loan accessibility. The Bank of Thailand (BOT) is finalizing operational details to ensure seamless implementation.
2. Tax Measures: Promoting Fair Competition
Two tax-related initiatives have been prepared to support SME competitiveness:
- Customs Measures – Import duties will be imposed on all goods purchased through online platforms from the first baht, effective 1 January 2026. This measure aims to ensure a level playing field and enhance the competitiveness of local businesses.
- Revenue Measures – The tax authority will expedite tax refund processes to return liquidity to SMEs more efficiently.
3. Demand-Side Measures: Increasing Public Procurement from Thai SMEs
Government agencies will be encouraged to increase procurement of products from Thai SMEs. Government purchase orders will be recorded in a digital system, enabling SMEs to use verified orders as supporting documentation for bank loan applications and thereby improve their access to financing.
Key Benefits for Thai Citizens
1. Strengthened SMEs and Enhanced Employment Opportunities
Improved access to loans and credit guarantees enables SME growth, creating additional employment opportunities and increasing household incomes.
2. Fairer Market Competition
Customs measures on low-value imports protect local businesses, providing Thai SMEs with enhanced competitive opportunities and enabling them to offer diverse product ranges.
3. Support for Local Products and Economic Growth
Government procurement of Thai SME products increases sales opportunities and financial stability, stimulating broader economic development.
Conclusion
The Quick Big Win Policy provides a strategic framework for strengthening Thailand’s SMEs through financial support, equitable tax measures, and increased government procurement. By improving access to credit, promoting fair competition, and supporting domestic sales, the Package enhances SME growth, employment generation, and economic stability. The initiative represents a comprehensive approach to empowering SMEs as a key driver of Thailand’s sustainable economic development.
Author: Panisa Suwanmatajarn, Managing Partner.
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