This Decree establishes the high-level organizational structure, mandates, and operational principles for the Ministry of Industry and Commerce (MOIC). It defines the ministry as a macro-management body responsible for overseeing the industrial, handicraft, and commerce sectors nationwide. The primary objective is to ensure that these sectors contribute effectively to national socio-economic growth, internal market stability, and international economic integration.
The Decree outlines the Ministry's authority to formulate policies, laws, and strategic plans for trade and industry. Furthermore, the Decree mandates the Ministry to coordinate with local administrations and international partners to promote Lao products and ensure the protection of consumer rights and intellectual property.