2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Thailand_103页_2mb

Thailand Economy Profile - Doing Business 2016

Core Content Overview

The Doing Business 2016 report evaluates the regulatory environment for small to medium-sized businesses across 189 economies, focusing on 11 key areas such as starting a business, getting electricity, and resolving insolvency. Thailand's economy profile is presented alongside comparator economies, providing a detailed look at its performance in these areas.

Main Indicators and Rankings

Ease of Doing Business (EDB) Rank

• DB2016 Rank: 49
• DB2015 Rank: 46 (adjusted for methodological changes)
• Change in Rank: -3

Distance to Frontier (DTF) Score

• DB2016 DTF: 71.42
• DB2015 DTF: 71.33
• Change in DTF: +0.09

Key Business Regulation Indicators

Starting a Business

• Rank: 96
• DTF Score: 85.07
• Procedures: 6
• Time (days): 27.5
• Cost (% of income per capita): 6.4
• Paid-in Minimum Capital (% of income per capita): 0.0

Dealing with Construction Permits

• Rank: 39
• DTF Score: 75.64
• Procedures: 17
• Time (days): 103.0
• Cost (% of warehouse value): 0.1
• Building Quality Control Index (0-15): 11.0

Getting Electricity

• Rank: 11
• DTF Score: 90.5
• Procedures: 4
• Time (days): 37.0
• Cost (% of income per capita): 45.9
• Reliability of Supply and Transparency of Tariff Index (0-8): 7.0

Registering Property

• Rank: 57
• DTF Score: 71.33
• Procedures: 3
• Time (days): 3.0
• Cost (% of property value): 6.3
• Quality of Land Administration Index (0-30): 13.5

Getting Credit

• Rank: 97
• DTF Score: 45
• Procedures: Not specified
• Time (hours per year): 264.0
• Total Tax Rate (% of profit): 27.5
• Credit Registry Coverage (% of adults): 0.0
• Credit Bureau Coverage (% of adults): 60.2

Protecting Minority Investors

• Rank: 36
• DTF Score: 63.33
• Strength of Minority Investor Protection Index (0-10): 6.3
• Extent of Conflict of Interest Regulation Index (0-10): 7.7
• Extent of Shareholder Governance Index (0-10): 5.0

Paying Taxes

• Rank: 70
• DTF Score: 77.7
• Payments (number per year): 22.0
• Time (hours per year): 264.0
• Total Tax Rate (% of profit): 27.5

Trading Across Borders

• Rank: 56
• DTF Score: 84.1
• Time to Export: Border Compliance (hours): 51
• Cost to Export: Border Compliance (USD): 223
• Time to Export: Documentary Compliance (hours): 11
• Cost to Export: Documentary Compliance (USD): 97
• Time to Import: Border Compliance (hours): 50
• Cost to Import: Border Compliance (USD): 233
• Time to Import: Documentary Compliance (hours): 4
• Cost to Import: Documentary Compliance (USD): 43

Enforcing Contracts

• Rank: 57
• DTF Score: 62.69
• Time (days): 440.0
• Cost (% of claim): 19.5
• Quality of Judicial Processes Index (0-18): 6.5

Resolving Insolvency

• Rank: 49
• DTF Score: 58.84
• Recovery Rate (cents on the dollar): 42.5
• Time (years): 2.7
• Cost (% of estate): 36.0
• Outcome (0 as piecemeal sale and 1 as going concern): 1
• Strength of Insolvency Framework Index (0-16): 11.5

Key Observations

• Thailand's overall ranking and DTF score have shown minor improvements in 2016 compared to 2015, indicating a slight enhancement in the regulatory environment for businesses.
• In the area of starting a business, Thailand ranks 96th, with a DTF score of 85.07, indicating it is still far from the best practices, as seen in New Zealand (rank 1, DTF score 99.96).
• Getting electricity is one of Thailand's strengths, with a DTF score of 90.5 and a rank of 11, close to the best performer Korea, Rep. (rank 1, DTF score 99.88).
• Registering property ranks 57th, with a DTF score of 71.33, and is significantly behind New Zealand (rank 1, DTF score 94.46).
• Protecting minority investors ranks 36th, with a DTF score of 63.33, and is still far from Singapore (rank 1, DTF score 83.33).
• Trading across borders ranks 56th, with a DTF score of 84.1, and is close to the best performer Denmark (rank 1, DTF score 100).
• Enforcing contracts ranks 57th, with a DTF score of 62.69, and is still behind Singapore (rank 1, DTF score 84.91).
• Resolving insolvency ranks 49th, with a DTF score of 58.84, and is far from Finland (rank 1, DTF score 93.81).

Methodology and Limitations

• The report includes 10 key topics in the EDB ranking and excludes labor market regulation from the aggregate score and ranking.
• The methodology was updated in 2016 for several indicators, including dealing with construction permits, getting electricity, registering property, enforcing contracts, and labor market regulation.
• The paying taxes indicators cover the period January–December 2014, while other data are current as of June 1, 2015.
• The report does not cover all aspects of the business environment, such as proximity to large markets or the quality of infrastructure outside of the measured areas.

Comparative Analysis

• Thailand performs better than several comparator economies, such as Indonesia, Lao PDR, and Myanmar, in most areas.
• However, it lags behind economies like Singapore, New Zealand, and Denmark in several indicators, particularly in protecting minority investors, registering property, and resolving insolvency.
• The DTF score is a key metric for benchmarking performance against regulatory best practices, showing how far an economy is from the frontier in each indicator.

Conclusion

The Doing Business 2016 report highlights that Thailand has a relatively stable but not highly efficient business environment. While it has made some progress in certain areas, there are still significant opportunities for regulatory reform, especially in protecting minority investors and resolving insolvency. The report serves as a valuable tool for policymakers to identify areas for improvement and benchmark their country's performance against global standards.