, the

Government of Thailand The Government of Thailand, or formally the Royal Thai Government ( Abrv: RTG; th, รัฐบาลไทย, , ), is the unitary government of the Kingdom of Thailand. The country emerged as a modern nation state after the foundation of ...

holds majority ownership in 56 commercial entities that are categorized as

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

s (SOEs). These include: * Forty-six non-financial SOEs concentrated in key economic sectors such as communications, power generation and distribution, transportation, and water management. Several are among the largest listed companies in Thailand. * Ten financial SOEs, including a state-owned bank, a government pawnshop, and eight specialized financial institutions (SFIs) that carry out high-profile policy functions. * Since the military coup of 2014, there has been a sharp increase in active duty military officers sitting on the boards of state-owned enterprises. Of the 56 state-owned enterprises, 42 have military directors .

SOE financials

SOE total assets rose from 4.3 trillion

baht The baht (; th, บาท, ; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-m ...

(US$130 billion) in 2004 to 14.9 trillion baht (US$450.8 billion) in 2016. Revenues increased from 1.4 trillion baht to 4 trillion baht over the same period. As assets have risen, profits have fallen—from 304 billion baht in 2013 to 291 billion in 2016. SOEs contributed 162 billion baht (US$17.5 billion) in tax revenues in FY2016 (ending 30 September 2016). They employ 425,000 workers. The average return on assets for all SOEs in 2016 was 1.6 percent. SOE's total investment budget in FY2016 was 580 billion baht (US$17.5 billion) and is budgeted at 800 billion baht (US$24.2 billion) for FY2017.

2017 results

Nearly all state enterprises delivered higher profits in 2017. The State Enterprise Policy Office (SEPO) reported that the top five state enterprises by contributions to Thai government coffers in 2017 were the

Government Lottery Office A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

(GLO) at 30.9 billion baht,

PTT Public Company Limited PTT Public Company Limited or simply PTT ( th, บริษัท ปตท. จำกัด (มหาชน)) is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submar ...

(PTT) at 26.3 billion, the

Electricity Generating Authority of Thailand The Electricity Generating Authority of Thailand (EGAT) ( th, การไฟฟ้าฝ่ายผลิตแห่งประเทศไทย; ) is a state enterprise, managed by the Ministry of Energy, responsible for electric power ge ...

(EGAT) at 21.7 billion, Government Savings Bank at 13.1 billion and the

Provincial Electricity Authority The Provincial Electricity Authority (PEA) ( Abrv: กฟภ. ; th, การไฟฟ้าส่วนภูมิภาค, ) is a Thai state enterprise under the Ministry of Interior. Established on 28 September 1960 by the Provincial Electri ...

(PEA) at 11.4 billion. six underperforming state enterprises have been placed in "business rehabilitation" status by the State Enterprise Policy Commission. The six are the State Railway of Thailand, the Bangkok Mass Transit Authority, Thai Airways International PLC (THAI), TOT PLC, CAT Telecom, and the Islamic Bank of Thailand. (Thai Airways ceased to be a state enterprise in May 2020).

List of state enterprises

, the state enterprises of Thailand are as follows: * Aeronautical Radio of Thailand, Ltd. * Airports of Thailand Public Co., Ltd. *

Bangkok Mass Transit Authority Bangkok Mass Transit Authority ( th, องค์การขนส่งมวลชนกรุงเทพ), also known as BMTA ( th, ขสมก. ), is the main operator of public transit buses within the Greater Bangkok area. It is the lar ...

Bank for Agriculture and Agricultural Co-operatives The Bank for Agriculture and Agricultural Cooperatives (BAAC) ( th, ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร (ธ.ก.ส.)) was established in 1966. The bank is 99.79 percent ...

* Botanical Garden Organization *

Civil Aviation Training Center Civil Aviation Training Center (''CATC'') is located in Iran and have bases in Tehran, Ahwaz, Mashhad, Shiraz, Esfahan and Tabriz. Civil Aviation Training Center was established in 1982 under the aegis of International Civil Aviation Organization ( ...

Dairy Farming Promotion Organization of Thailand The Dairy Farming Promotion Organization of Thailand (DPO) is a Thai state enterprise under the oversight of the Ministry of Agriculture and Cooperatives. It is best known as the manufacturer of the Thai-Denmark (previously known as Thai-Danish) ...

(DPO) * Dhanarak Asset Development Co., Ltd *

Export–Import Bank of Thailand The Export–Import Bank of Thailand (EXIM Thailand) ( th, ธนาคารเพื่อการส่งออกและนำเข้าแห่งประเทศไทย (ธสน.)) is a state-owned bank headquartered in Bangk ...

Expressway Authority of Thailand The Expressway Authority of Thailand ( th, การทางพิเศษแห่งประเทศไทย) (EXAT) is a state enterprise under the Ministry of Transport. It was founded in 1972, and operates Thailand's expressway ( ''than ...

* Fish Marketing Organization *

Forest Industry Organization A forest is an area of land dominated by trees. Hundreds of definitions of forest are used throughout the world, incorporating factors such as tree density, tree height, land use, legal standing, and ecological function. The United Nations' ...

GH Bank GH Bank or Government Housing Bank ( th, ธนาคารอาคารสงเคราะห์; , Thai initialism ธอส. ''tho-oso'') is a state enterprise reporting to the Thai Finance Ministry. Founded in 1953, its mission is to ex ...

Government Pharmaceutical Organization The Government Pharmaceutical Organization (GPO) ( th, องค์การเภสัชกรรม; ) is a Thai state enterprise which manufactures pharmaceutical products in Thailand. In 2011, the GPO netted a profit of 1.6 billion baht fro ...

* Government Savings Bank *

Industrial Estate Authority of Thailand The Industrial Estate Authority of Thailand (I-EA-T), ( th, การนิคมอุตสาหกรรมแห่งประเทศไทย) is a state enterprise under control of the Ministry of Industry of Thailand. It was established ...

* Islamic Bank of Thailand *

Liquor Distillery Organization Liquor (or a spirit) is an alcoholic drink produced by distillation of grains, fruits, vegetables, or sugar, that have already gone through alcoholic fermentation. Other terms for liquor include: spirit drink, distilled beverage or hard l ...

, Excise Department *

Market Organization Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy *Marketplace, a physical marketplace or public market Geography * Märket, an ...

Marketing Organization for Farmers Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to empha ...

Mass Rapid Transit Authority of Thailand Mass Rapid Transit Authority of Thailand or MRTA ( th, การรถไฟฟ้าขนส่งมวลชนแห่งประเทศไทย) is a state enterprise under the Ministry of Transport of Thailand. It is responsible the op ...

* MCOT Public Co., Ltd. *

Metropolitan Electricity Authority The Metropolitan Electricity Authority (MEA) ( th, การไฟฟ้านครหลวง) is a Thai state enterprise under the Ministry of Interior. It was established on 1 August 1958 by the Metropolitan Electricity Authority Act 1958 ( ...

Metropolitan Waterworks Authority The Metropolitan Waterworks Authority ( Abrv: MWA; th, การประปานครหลวง, ) is a Thai state enterprise under the Ministry of Interior. Its mission is to produce, distribute, and sell treated water in Bangkok, Nonthabur ...

* National Housing Authority * National Science Museum *

National Telecom Public Company Limited National Telecom Public Company Limited (NT) (บริษัท โทรคมนาคมแห่งชาติ จำกัด (มหาชน)) is a Thai state-owned telecommunications company. Established and corporatized in 2021 by resu ...

* Office of the Government Pawnshop * Playing Cards Factory, Excise Department * Police Printing Bureau, Royal Thai Police *

Port Authority of Thailand The Port Authority of Thailand (PAT) ( th, การท่าเรือแห่งประเทศไทย, ) is a government agency of Thailand, responsible for the regulation and governance of the ports of Thailand, primarily the ports of ...

Provincial Waterworks Authority The Provincial Waterworks Authority (PWA) ( th, การประปาส่วนภูมิภาค) is a Thai state enterprise under the Ministry of Interior. The PWA is responsible for the production and distribution of potable water that m ...

* PTT Public Co., Ltd. * Public Warehouse Organization * Rubber Authority of Thailand *

Small and Medium Enterprise Development Bank of Thailand Small may refer to: Science and technology * SMALL, an ALGOL-like programming language * Small (anatomy), the lumbar region of the back * ''Small'' (journal), a nano-science publication * <small>, an HTML element that defines smaller text ...

Sports Authority of Thailand The Ministry of Tourism and Sports ( Abrv: MOTS; th, กระทรวงการท่องเที่ยวและกีฬา, ) is a cabinet ministry in the Government of Thailand. The ministry's primary areas of responsibility are to ...

State Railway of Thailand The State Railway of Thailand (SRT) ( th, การรถไฟแห่งประเทศไทย, abbrev. รฟท., ) is the state-owned rail operator under the jurisdiction of the Ministry of Transport in Thailand. History The SRT was ...

* Thai Credit Guarantee Corporation * Thai Maritime Navigation Co., Ltd. *

Thailand Institute of Scientific and Technological Research Thailand Institute of Scientific and Technological Research (TISTR) ( th, สถาบันวิจัยวิทยาศาสตร์และเทคโนโลยีแห่งประเทศไทย) is a scientific research insti ...

* Thailand Post Co., Ltd. * The Bangkok Dock Co., Ltd. * The Syndicate of Thai Hotels & Tourists Enterprises Ltd. * The Transport Co., Ltd. * The Zoological Park Organization of Thailand under the Royal Patronage of H.M. the King *

Tobacco Authority of Thailand The Tobacco Authority of Thailand ( th, การยาสูบแห่งประเทศไทย; ) (TOAT), is a Thai state enterprise and the sole legal entity permitted to produce tobacco products in the country, mostly cigarettes. It wa ...

(formerly the Thailand Tobacco Monopoly) *

Tourism Authority of Thailand The Tourism Authority of Thailand (TAT) ( th, การท่องเที่ยวแห่งประเทศไทย) is an organization of Thailand under the Ministry of Tourism and Sports. Its mandate is to promote Thailand's tourism in ...

* Wastewater Management Authority

Former state enterprises

* Battery Organization of Thailand (disestablished in 2007) * Office of the Rubber Replanting Aid Fund (merged into the Rubber Authority in 2015) * Rubber Estate Organization (merged into the Rubber Authority in 2015) * The Tanning Organization (disestablished in 2007) * Thai Airways International Public Co.,Ltd. (ceased to be a state enterprise on 22 May 2020). * Krung Thai Bank Public Company Limited (ceased to be a state enterprise on 3 November 2020) * Thailand Tobacco Monopoly (replaced by the Tobacco Authority in 2018) * Secondary Mortgage Corporation (disestablished in 2020) *

TOT Public Company Limited TOT Public Company Limited ( Thai: ทีโอที) is a Thai state-owned telecommunications company. Originally established in 1954 and corporatized in 2002, TOT used to be known as the Telephone Organization of Thailand and TOT Corporation P ...

(merged into National Telecom on 7 January 2021) * CAT Telecom Public Co., Ltd. (merged into National Telecom on 7 January 2021)

Notes

References

{{State-owned enterprises by country, Asia