Capital market promotion for AEC integration
The Lao Securities Exchange (LSX) is promoting the capital market to give more choices to Lao people in terms of investment after Laos became a full member of the Asean Economic Community (AEC) last year.
The LSX on Saturday hosted the Investment Gateway: Opportuni ties to Wealth in AEC, with the aim of providing information on capital market investments and fundraising for people looking for opportunities to expand their business within the A EC.
Participants browsed various product exhibits set up by government and private organisations involved in the cap ital market. They also listended to a talk on investment opportunities in the stock market and learned from the experiences of the speakers.
The LSX invited experienced speakers on investment to share their knowledge and lessons, LSX CEO Mr Vanhkham Voravong said at the opening ceremony.
The LSX offers choices among business units to pursue funds mobilisation for business expansion, the participants heard.
It also helps them to increase the efficiency of their busin ess operations and supply transparent services, and pursue greater modernisation, Mr Vanhkham said.
The seminar also examined improvements to help the LSX move towards international standards in competition and relate with different stock markets in the region, he added.
Gifts and souvenirs were also up for grabs, including cash for opening securities accounts, POLO T-shirts, bags, cups, notebooks, pens and other gifts for visitors.
Apart from that, the participants were able to open securities accounts and inquire about stock investments directly with securities companies during the event.
The event received cooperation and was supported by various private and government organisations.
Mr Vanhkham hoped that they would continue to provide cooperation and support to reveal knowledge about capital markets and stock markets among the Lao people.
The LSX currently has five companies listed, those being Banque Pour Le Commerce Exterieur Lao Public, EDL Generation Public Company, Lao World Public Company, Petroleum Trading Lao Public Company and the Souvanny Home Centre Public Company.
This year there will be three more companies listing on the LSX and Mr Vanhkham expects the local bourse to have reached 25-30 companies by 2020.