Government announces new Credit Term criteria to support Thai SMEs, effective November 2

Published 2026-10-24

Ms. Supachai Suthumpun, Deputy Prime Minister and Minister of Commerce, has announced the push for a new measure to create fairness in business operations by revising the trade credit payment period, or Credit Term, to be more appropriate and equitable. This measure will come into effect starting November 2, 2026.

The main goal of this criteria revision is to increase financial liquidity for small and medium-sized enterprises (SMEs) in Thailand, which number over 3 million nationwide. In the past, these entrepreneurs have often faced problems with delayed payments for goods or services, which has impacted their cash flow and long-term business operations.

Establishing clear and fair payment terms will allow SMEs to better plan their finances and increase their competitiveness in the market. This measure is considered a key mechanism used by the government to support fair trade and reduce inequality between large and small-scale operators.

Furthermore, the adjustment of the Credit Term criteria also promotes a stronger and more stable domestic economy. The government expects that this measure will help stimulate continuous employment and investment among small businesses, which are the fundamental pillars of the Thai economy.

In summary, the implementation of the new criteria on November 2 marks a significant step for the Ministry of Commerce in elevating business standards in Thailand. Relevant entrepreneurs should study the detailed information of these new criteria to prepare and ensure compliance with the legal requirements accordingly.

Sources: Facebook

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