Thai, Japanese smes set to be matched
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has joined hands with Japan Finance Corp to conduct business-matching focused on the development of long-term business relationships and manufacturing.
The collaboration will concentrate on auto parts and electronic parts and it is expected that 50 Japanese manufacturers will participate.
The business-matching will be arranged in Bangkok on July 28.
Japan Finance Corp is an agency that provides financial assistance to small and medium-sized enterprises.
Japanese manufacturers are interested in Thai SMEs' manufacturing efficiency, SME Bank president Soros Sakornvisava said yesterday.
Soros said the auto- and electronic-parts industries were core Thai manufacturing sectors. Japanese investment in these fields in Thailand accounts for 70 per cent of the number of Japanese firms operating in the Kingdom.
"Having Thai business partners here will result in lower production costs than importing parts from other countries," he said.
Previously, the SME Bank had conducted Thai-Japanese business-matching with a focus on fashion garments and foods.
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