This Ministerial Decision defines the organizational structure, mandate, and operational principles of the Department of Micro, Small, and Medium Enterprise (MSME) Promotion within the Ministry of Industry and Commerce. It establishes the department as the primary state agency responsible for developing policies and initiatives to strengthen the competitiveness and growth of the MSME sector in Laos.
The Decision empowers the department to manage the MSME Promotion Fund, facilitate access to finance, and provide technical assistance such as business training and market access support. It emphasizes the importance of formalizing small businesses, promoting innovation, and creating a supportive ecosystem that allows micro-enterprises to scale into larger, more stable entities.