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Bangkok University and OSMEP Release GEM 2026 Report on Thai Entrepreneurship
A new report reveals a 34.1% growth in Thai entrepreneurs, highlighting the need for increased support for MSMEs to remain competitive against international rivals.
Bangkok University, in collaboration with the Office of Small and Medium Enterprises Promotion (OSMEP), has unveiled the findings of the 'GEM Thailand 2026' report. The study, conducted under the Global Entrepreneurship Monitor (GEM) framework, indicates that the number of Thai entrepreneurs has grown by 34.1%.
During a seminar titled 'GEM Thailand 2026: Adaptation Strategies for Thai Entrepreneurs Amidst International Competition,' officials discussed the current landscape of the local business sector. The report emphasizes that while growth is evident, there is an urgent need to bolster Micro, Small, and Medium Enterprises (MSMEs) to ensure they can effectively compete with foreign businesses entering the market.
For residents and travelers, this data provides insight into the shifting economic environment of Thailand. A robust local business sector often influences the variety of services, local products, and unique experiences available throughout the country. As the government and academic institutions focus on strengthening these local enterprises, visitors may observe a greater emphasis on domestic innovation and specialized local offerings in the coming months.
While the report confirms a significant increase in entrepreneurial activity, specific details regarding the exact policy measures or financial support packages that the government will implement to assist these MSMEs remain to be confirmed. Stakeholders are currently awaiting further announcements on how these strategic recommendations will be translated into actionable support programs.