Risk Management - Articles
An overview on Thailand's economy and Business Environment
November 26th 2019
The Kingdom of Thailand is the second largest economy in Southeast Asia and the world’s 19th largest manufacturer. Over the last four decades, Thailand has made remarkable progress in social and economic development, moving from a low-income to an upper-income country in less than a generation. For this reason, Thailand’s has been generally considered as a development success story, with persistent strong growth and remarkable poverty reduction.
The country’s efficiency of import-export procedures and attractive feature to foreign investors makes Thailand an excellent trading partner. However, before establishing a business relationship or in order to keep safe business relationships, it is necessary to get in depth and reliable information on the companies of interest.
Thanks to SkyMinder, it is possible to receive the most complete and updated credit report on any Thai company thanks to the expertise of the local providers. On SkyMinder, all reports on Thailand are freshly investigated. With the support of SkyMinder credit reports on Thai businesses, you gain a better insight into your business partners thanks to the credit rating and credit opinion allowing you to prevent credit risk by carefully selecting your customers or suppliers