According to the World Bank, a high ranking means that country’s regulatory environment is conducive to business operations.
Deputy Commerce Minister Siriwat Kajornprasart said the Department of Business Development was assigned to manage the matter in accord with the government’s policy to strengthen the domestic economy with improved business governance so that the country is more attractive for business operations.
As well as reducing complicated procedures and improving online government services by expanding them to the provinces, Thai entrepreneurs, including small- and medium-sized enterprises, should be promoted for business quality and management innovation, said Mr Siriwat.
“Business governance, the understanding of law, and law enforcement are key, while the Business Development Department must closely monitor entrepreneurs’ management and build a balance between businesses belonging to Thais and to foreigners,” Mr Siriwat said. – MCOT