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. Also participating in the ceremony to extend congratulations were Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), Dr. Chaichan Charoensuk, Chairman of Thai National Shippers' Council (TNSC), Dr. Visit Limlurcha, Vice Chairman of the Thai Chamber of Commerce (TCC), Mr. Chartchai Panichewa, Vice Chairman of the Federation of Thai Industries (FTI), and Assoc. Prof. Dr. Wichita Raktham, Dean of the College of Management, Mahidol University (CMMU).
The Minister of Finance said that the collaboration between EXIM Thailand, the three leading business organizations and the higher education institution in organizing this Top X Executive Program can be seen as a new chapter of the synergized efforts between the public and private sectors, namely finance and banking, business and educational institutions, aiming 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.
President EXIM Thailand has reported on the successful outcome of the Top X Executive Program, Class 1, 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 the CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) 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 1,000 million baht in value from more than 50 pairs of negotiation partners. Entrepreneurs who have undergone and 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! 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," added Dr. Rak.
Source: EXIM Bank of Thailand
