Survey results indicate that traders of Chatuchak Weekend Market sell 2 days carrying the whole weeks expenses. SME D Bank will join with Bangkok to upgrade Chatuchak market to generate revenue.
28 Jan 2019

University of the Thai Chamber of Commerce Revealed that the survey of entrepreneurs in the Chatuchak market is mostly sold through stores in this market as the main occupation only by earning 2 days to bear the cost of the whole week Identify sales decrease compared to last year but believe the situation has improved in the next 6 months. The SME D Bank is ready to join hands with Bangkok raising the Chatuchak Weekend Market to a trading place every day. Via offline and online.

 

Asst. Prof. Dr. Thanawat Phonwichai, Senior Vice President for Academic Affairs and Research And Director of the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce mentiomned  the results of the survey titled "Status of Chatuchak Market Operator" that information from the State Railway of Thailand (SRT) in Chatuchak market, there are 11,505 stalls in the market, after the end of February 2019 Merchant Registration Market management will move from SRT to Bangkok under the management of Bangkok (Bangkok), which is expected to collect a monthly rent of 1,600 baht per month.

 

The operators in Chatuchak Weekend Market Most of them are in the commercial sector 85.15%. Clothing - Apparel 40.97% by the form of that operation Mostly done in the name of natural person 49.94% not registered 45.21% The juristic person has only 2.62% and others in the form of housewives and community enterprises 2.24%, with over 90.90% being the sole owner and per person, with an average of 3 workers, mostly 38.91%, operating for about 4-6 years, with an average income of 139,518.42 baht per month.

 

For the owner of the shop in the Chatuchak market Traders with 1 panel, 67.24% will rent directly to SRT. Most of the rent is 5,001-10,000 baht per month or an average of 10,638.62 baht per month and 79.16% use the sublease method later. Which most of the rent is 10,001-50,000 baht or an average of 17,713.47 baht per month.

 

The number of days that the operator will open the store page Trading in Chatuchak market, 70.42% said that 2 days, while the average is 3 days and asked is there another storefront? 76.47% of the sample group said that there was no and the nature of the trade channel reached 61.33% selling through the storefront only. 38.67% have a storefront along with online sales. While the revenue from sales in Chatuchak market is mostly 43.86% at 10,001-50,000 baht per month and the average is 101,643.03 baht per month.

 

The survey results on general status of the Chatuchak Weekend Market Current sales compared to last year 36.67% of the sample said that 33.74% decrease said that only 29.58% said that the total increase of 40.12% said that the number of customers decreased and 40.15% . There is a decrease in stock for sale. However, in the next 6 months, most 42.27% believe that sales will increase by 44.87%. Profit will increase by 39.68%. Believe that liquidity will increase by 36.31%. Believe that the number of customers will increase 36.31% and 35.86% believe that the stock for sale will decrease. When inquiring about the use of information technology in the current business process 58.84% of the samples were used create a website Sell products online Public relations, accounting and stock checks, while 41.16% is not used for reasons not knowing how to use that is not necessary Perceived as difficult used to do but failed high cost, etc. However, if the government organizes a project to promote and increase online trading potential Most interested in joining. Hence, The things that need to get help from the government include solving economic recovery problems. Restore tourism Solve the problem of poverty, reduce tax, solve the problems of peace in the country. Helping Thai products to be known and find funding sources for further expansion . As for the proposals and things that need to be received from the Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank, that is to reduce the loan interest rate, No collateral required The procedure is not complicated. Add loan No fees Protect customers' personal information Providing credit information And give opportunities for new birth parties.

 

Mr. Mongkol Leelatham, Managing Director Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank said Entrepreneurs in Chatuchak Market Is very important Because all are small entrepreneurs And also a retail source of wholesale linking to many small entrepreneurs throughout the country The bank is therefore preparing to cooperate with Bangkok as the market administrator. Elevate the Chatuchak market such as marketing promotion activities Help to promote public relations so that traders in this market can trade Make money for 7 days of the week.

 

In addition, "skills" enhance the ability for traders in the market to expand online markets. Which is growing highly Through various activities such as online trade training or e-commerce  Business pins report on the online world Take a business match with online marketing providers like Shopee to open the international market such as Hong Kong, China and India, as well as the development of design and packaging projects to satisfy the market, followed by "filling capital" with low interest loans For entrepreneurs to raise business levels such as Local Economy Loan, Individual Person 1-3 years, only 0.42% per month and corporate interest rate 1-3 years, only 0.25% per month And aging loan 4.0 (SMEs based on the public sector), fixed interest rates of 1% per year, and "quality of life", access to government benefits and welfare Helping to improve the quality of life Create stability in the profession And reduce the burden on the family including the SME Bank will take suggestions from the sample in this survey Going to develop step services, including new credit products In order to best answer the needs of entrepreneurs in the Chatuchak market