TCG offers to provide credit guarantee for Thai firms eyeing CLMV countries
State-owned Thai Credit Guarantee Corporation (TCG) is planning to offer its credit guarantee services to Thai businesses looking to invest overseas, TCG president Rak Vorrakitpokatorn said.
However, he said, before it can do this, TCG will first have to call on the Finance Ministry to revise some of its rules.
He added that while the sun is seen to be setting for some industries in Thailand, they still have the opportunity to enter overseas markets, especially CLMV countries, or Cambodia, Laos, Myanmar and Vietnam.
He said if TCG offers guarantees to Thai firms looking to invest in CLMV, they will find it easier to get bank loans for their investment.
