Lao officials to learn from Thai stock exchange
The Lao Securities Exchange (LSX) will hold a training programme designed to give participants better knowledge about stock market operations and improve the skills of those working in the field.
The LSX is organising the Lao Professional Investment Banking-Programme I course with the cooperation of APM (Lao) Securities Company Ltd., (APMLAO) and the National University of Laos' (NUOL) Faculty of Economics and Business Management.
The course will give participants an avenue to share experiences they have had with the stock exchanges in neighbouring countries.
It will also give some participants the chance to visit the Thai stock exchange, known as the SET, as well as various securities companies, investment banking firms and listed companies in Thailand.
The course will begin operating on April 26 and will run through to June 7.
LSX Chairman and CEO Associate Professor Dethphouvang Moularat said the LSX was established in 2010 when the Lao government realised the usefulness of a capital market for long-term fund mobilisaton.
There are now three companies listed on the LSX. They are EDL-Generation Public Company (EDL-GEN), Banque Pour Le Commerce Exterieur Lao Public (BCEL) and Lao World Public Company (LWPC).
“Since the establishment of the LSX, the exchange has gradually developed. Hence, in order to enhance the market's capacity, LSX, APMLAO and NUOL have jointly formed the LA-PIB I programme focusing on the provision of knowledge on accounting, analysis of financial statements as well as other related financial concepts that are helpful for the attendees,” Assoc. Prof. Dethphouvang said.
“Furthermore, trainees who pass the examination conducted at the end of the course will receive a professional certificate with which they can apply for a brokerage licence from the Lao Securities Commission Office (LSCO).”
The course will only take one weekend, the First Vice President and Committee Member of the APMLAO Administration Department Associate Professor Suda Peetawan said, speaking on behalf of the course manager.
There will be lectures on the topics of money markets and capital market structure and mechanisms, financial information and the analysis of financial statements, basic corporate financial management, decision-making on investment, financial products and valuation in the capital market.
Also discussed will be the roles of brokers and securities trading, investment banking and LSCO, financial strategy and portfolio investment, foreign investment in Laos and related laws, like the Law on Securities, Law on State Enterprises and Law on Accounting.
The programme includes a study tour to Bangkok to allow participants to gain real experience and practically apply their skills by visiting the SET, FenansynSyrut Securities Co., Ltd, Asset Pro Management Co., Ltd and listed companies on the SET.
Highly experienced trainers from top organisations in Laos and Thailand will deliver lectures, including representatives from the LSX, LSCO, Thai investment banks, the University of the Thai Chamber of Commerce, Chiang Mai University and the National Institute of Development Administration.