12/31/2010
Source: Thanh Nien, SGTT (Hanoi)
With Laos and Cambodia’s first stock exchanges slated to begin trading next year, Vietnamese securities companies are seeking to expand their operations and Vietnamese stock market players see more investment options.
The Lao Securities Exchange was established in October and will commence trading operations on January 11. Banque pour le Commerce Exterieur Lao (BCEL), one of the largest commercial banks in the country, and EDLGeneration Pcl, a unit of state-owned Electricite du Laos, will be the first two enterprises to be listed on the bourse.
The exchange’s opening has helped Vietnam’s Sacombank Securities expand its business to the smallest economy in Southeast Asia. The brokerage firm and the Lao Development Bank (LDP) have set up the first securities firm in Laos, named Lane Xang Securities Public Co. Sacombank Securities holds a 51- percent stake in the joint venture.
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