Investment/Top X class I exporters

Editorial Team

Exim Thailand TCC & BOT, FTI, TNSC and CMMU celebrate success in building Top X class 1 exporters fully equipped with knowledge base, sources of funds and networks with expectation trade and investment value of over one billion baht.

EXIM Thailand has joined hands with the Thai Chamber of Commerce (TCC), Board of Trade of Thailand (BOT), the Federation of Thai Industries (FTI), Thai National Shippers’ Council (TNSC), and the College of Management of Mahidol University (CMMU) in celebrating the successful collaboration and awarding of certificates to entrepreneurs who have fully completed the Top X executive program, class 1.

The trainees have been provided with modern business know-how, in-depth export market data, prospective marketing channels, business networks, and sources of funds.

This collaborative program is expected to help generate trade and investment value of more than one billion baht. The new exporters from the program may apply for “EXIM export ready credit,” a revolving credit facility with a maximum credit line of 5 million baht, a special interest rate starting from 3.50% p.a., a loan tenor of up to 3 years.

  Finance Minister Arkhom Termpittayapaisith

Mr. Arkhom Termpittayapaisith, minister of finance, presided over the certificate presentation ceremony of the Top X executive program, Class 1, a short-term course for business owners and executives for export business development and enhancement, at the ministry of finance on November 26, 2022 that the collaboration between EXIM Thailand, the three leading business organizations and the higher education institution in organizing the program can be seen as a new chapter of the synergized efforts between the public and private sectors.

The program is aimed to strengthen businesses throughout the supply chains in a concrete manner and in multi-dimensions covering capital, knowledge base and tools that would help Thai entrepreneurs bring their businesses through global trade and economic uncertainties toward steady business growth.

This is anticipated to empower and enable the around 3.2 million Thai entrepreneurs in the system, of whom only 1% have engaged in export businesses, to step up as leaders bringing an extensive array of Thai goods to the large, open global markets, representing a new source of hope of driving forces for the sustainable growth of Thai economy.

Mr Rak Vorrakitpokatorn, president of Export-Import Bank of Thailand (EXIM Thailand)

Mr Rak Vorrakitpokatorn, president of Export-Import Bank of Thailand (EXIM Thailand) has reported on the successful outcome of the program, driven by the powerful team-up of the bank and its business counterparts to build and expand the number of leading international businessmen for Thailand.

Throughout the more than 2 months of the program, the 50 trainees have gained comprehensive knowledge, got new ideas for their business operations from sharing and exchange of experiences with the country’s leading businessmen and experts, and build up hands-on experiences from the program workshop, offsite visits, and most importantly, the sandbox business matching for which EXIM Thailand has worked closely with Thailand Team in bringing Top X entrepreneurs to penetrate overseas markets, comprising Cambodia, Lao Myanmar and Vietnam(CLMV) and the Middle East.

The actual trade and investment under the sandbox and the extension from which are predicted to be as high as over one billion baht in value from more than 50 pairs of negotiation partners.

Entrepreneurs who have completed the program may apply for “EXIM export ready credit,” a revolving credit facility with a maximum credit line of 5 million baht, a special interest rate starting from 3.50% p.a., a loan tenor of up to 3 years, and free for front-end fee.

“EXIM Thailand is committed to expanding our cooperation with both public and private sectors to get Thai entrepreneurs fully armed to ensure their successful competition in the global markets, and consistently build new exporters through fill-up of knowledge, capital for all business cycles, and offline and online business networks and marketing channels. We will continue to develop the Top X executive program, class 2, in 2023 to create trade ecosystem that would help drive Thailand’s export and economic growth in linkage with social and environmental development on a sustainable basis,” said Mr Rak.