Vietnamese investors now stand third among foreign investors in the Lao stock market, said General Secretary of Securities of the Lao Securities and Exchange Commission, Vathana Dalaloy.
Laos has drafted a law on the stock market
The Lao Securities and Exchange Commission paid a working visit to the State Securities Commission of Vietnam between November 12-14.
Ms. Vathana Dalaloy said the Lao stock market is now in its initial stages of development, adding that Laos would focus on market development in the coming time to meet international standards, including information transparency.
The Lao Securities and Exchange Commission will continue state-owned enterprise privatisation to ensure its WTO commitments and complete the legal framework for the stock market.
Laos has drafted a law on the stock market with the consultancy from the Vietnamese side and is seeking opinions from agencies and ministries on the draft law.
Earlier, the two commissions signed a memorandum of understanding on boosting co-operation on information exchange.