Tops, a food business under Central Retail, has signed an MOU with Government Savings Bank and the Federation of Thai SME to help startups and SMEs grow via the Tops Tongtin platform. The “Startups and SMEs Support and Development Project” aims to offer opportunities to access funds, technology, and innovation in order to improve competitiveness and generate business growth. Tops Tongtin seeks high-potential SMEs as business partners and helps expand sales channels nationwide, inviting consumers to discover quality products from local vendors. Tops Tongtin members will now have access to the strengths of GSB and the Federation of Thai SME, which includes access to low-interest funds, knowledge exchange, and consultation on product development, management, and marketing. This partnership will strengthen grassroots economies, improve income distribution and employment, and lead to sustainable happiness for Thai businesses.
Tops Tongtin creates opportunities for SMEs
Tops Tongtin is an online platform designed to offer a variety of business opportunities to high-potential SMEs across Thailand. It allows them to expand sales channels nationwide, with the support of Tops Tongtin’s business partners. Currently, there are more than 350 vendors nationwide, and 125 products have been developed and are available to sell at 32 locations of Tops and Tops Food Hall, as well as online.
MOU aims to support SME growth
Tops Tongtin has signed an MOU with Government Savings Bank and the Federation of Thai SMEs to leverage all three parties’ strengths to support SMEs to grow faster. They will have access to funds to develop their products and services to have more competitive advantages. The project will support technology and innovation, as well as knowledge exchange, consultation on product development, management, and marketing, and connect Tops Tongtin members with Government Savings Bank and the Federation of Thai SME.
[Subheading 3: Collaboration strengthens grassroots economies] This partnership will lead to development of the BCG model and Creative Economy, as well as sustainnovation in startups and SMEs, improving the GDP of SMEs and Thailand’s economic growth. The project will support SMEs to have access to modern retail, thereby improving income distribution and employment. GSB is ready to support businesses and stand by Thai communities and society for the sustainable happiness of Thai businesses. The Federation of Thai SME is honored to see Tops Tongtin and GSB support SMEs to have access to modern retail, which will help strengthen the grassroots economy.