|
Business students learn about securities market
The opening of the stock market in Laos has sparked interest in securities markets and share trading amongst many young people, especially students taking a Master's in Business Administration (MBA).
Lao Securities Exchange (LSX) Chairman and Chief Executive Officer Mr. Dethphouvang Moularat last week gave a lecture titled “LSX market operations” to MBA students at the Laos-Japan Human Resources Development Institute, which operates under the National University of Laos.
Mr Dethphouvang provided an overview of basic knowledge on the security market and its trading system, including procedures on how to trade in the market.
Currently, there are two companies listed on the Lao Securities Exchange, BCEL bank and EDL.Gen, both of which began selling shares on the stock exchange earlier this year.
In his presentation, Mr. Dethphouvang said “At least two more state-owned enterprises will list this year.”
According to Mr. Dethphouvang, more products will be added to the market in the near future, including government and corporate bonds.
Other services and activities to be organised include a home trading system, information seminars for people in the provinces, promoting share trading through mass media, encouraging foreign and institutional investors to participate more actively in the market, and the introductio n of continuous call auctions.
Mr. Dethphouvang also said the current Securities and Exchange Decree will be upgraded to the Securities Law by the end of 2011.
The topics discussed at the seminar were of particular interest to the MBA students and they look forward to similar activities in the future.
Attending the seminar were Associate Professor Aloun Silattanakoun, Director of the Lao-Japan Institute Associate Professor Dr Nobuo Hiruhata, representatives from the Japan International Cooperation Agency (JICA) and 35 MBA students.
The MBA programme is run cooperatively by the university's Faculty of Economics and Business Administration and the institute, with technical support provided by JICA.
It is designed to su pport the university's efforts to develop human resources in Laos.
Since the LSX opened, many private colleges and training institutes have organised training courses to provide knowledge on securities markets and share trading to students and members of the public.
The LSX was first initiated in 2007 and came about through cooperation between the Lao government, which holds a 51 percent share, and a Korean company which holds the remainder. The LSX was launched in October last year and opened for trading on January 11 this year.
vientiane times
|
