Background of Office of Small and Medium Enterprises Promotion OSMEP

Office of Small and Medium Enterprises Promotion (OSMEP) was established under the Small and Medium Enterprises Promotion Act 2000 (publicized in the Royal Gazette on February 17, 2000) as a juristic entity and governmental office, not an official agency or state enterprise.
The Board of Office of Small and Medium Enterprises Promotion is chaired by H.E. Prime Minister. However, currently the Deputy Prime Minister is appointed to be the Chairman of the Board and assumed the role in formulating policies and plans for SMEs Promotion, whereas, the Permanent Secretary of Ministry of Industry acts as the Chairman of Board of Executive of the Office of Small and Medium Enterprises Promotion and assume the role in supervising the operations of the Office of Small and Medium Enterprises Promotion.

Vision

To be the central organization in formulating SMEs promotional policies and strategies as well as coordinating governmental and private working systems in achieving the firm and sustainable growth of SMEs.

Mission

• Formulating SMEs promotion master plan and SMEs promotional policies.
• Preparing action plan for the promotion of regional/sector SMEs as well as micro and community enterprises.
• Serving as the country’s SMEs information center and the central organization in conducting researches and studies on SMEs-related issues including SMEs early warning system.
• Developing information systems and networks to support the operation of SMEs.
• Administering the Venture Capital Fund (VC) for SMEs.