Incoming Commerce Perm Sec Unveils 9 Missions to Combat Illegal Capita

Khaosod•Economy•1d ago

Reader Briefing

Phunphong Naiyanabhakorn announces 9 urgent missions for the Ministry of Commerce to address the cost of living and crack down on illegal foreign businesses.

•Phunphong Naiyanabhakorn will officially assume the role of Permanent Secretary of Commerce on October 1, 2026.
•The Ministry of Commerce plans to implement 9 urgent missions to adapt to global trade changes and geopolitical factors.
•A key focus includes cracking down on nominee businesses and illegal foreign capital through stricter registration and technology.
•The Ministry of Commerce aims to support SMEs, which account for 99.5% of all businesses in Thailand.

Overview

•Phunphong Naiyanabhakorn will officially begin his term as Permanent Secretary of Commerce on October 1, 2026.
•Phunphong Naiyanabhakorn stated that Thailand must adapt to changing global trade rules, geopolitical impacts, and technological influences.
•SMEs in Thailand total 3.28 million entities, representing 99.5% of all businesses and contributing 34.8% of GDP.
•The Ministry of Commerce will act as a mentor and springboard for SMEs, startups, and community stores using four main strategies: digital/e-commerce strengthening, market expansion, management/financial upgrades, and the SME Pro-active export model.
•Phunphong Naiyanabhakorn plans to upgrade products from quantity-based to innovation-led high-value goods, such as future food and medical extracts.
•The Ministry of Commerce will crack down on nominee businesses and illegal foreign capital by intensifying inspections during corporate registration and using risk-analysis databases.
•The Ministry of Commerce will implement measures to block and destroy illegal, substandard goods to protect the national economy.
•The Ministry of Commerce will transition from paper-based operations to technological systems to reduce corruption and increase transparency for officials and citizens.

Full article content is available on the original source.

Read on Khaosod (Thai Version)

Source: Khaosod (Original)

View Original Article

Key Entities

Person

Phunphong Naiyanabhakorn(พูนพงษ์ นัยนาภากรณ์)

Director-General of the Department of Business Development and incoming Permanent Secretary of the Ministry of Commerce.

Organization

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The government ministry responsible for managing the cost of living, trade fairness, and cracking down on illegal foreign capital.

Department of Business Development(กรมพัฒนาธุรกิจการค้า)

The government department headed by Phunphong Naiyanabhakorn.

ASEAN Economic Community(ประชาคมเศรษฐกิจอาเซียน)ℹ️

An economic organization mentioned in the context of trade agreements.