SET extends cooperation to Laos

The extended MOU takes effect today, extended from the previous signing in October 2010 after the first in 2008.

 

Among others, the MOU encompasses human resource training, market surveillance, and promoting business opportunities between the two exchanges.

 

The extended MOU (2013-2014) emphasises the long-term collaboration between the two exchanges, further deepening the close relationship between the exchanges and financial service industries in both countries. This is the second extension of the MOU aiming at developing expertise of LSX staff, other market professionals, investors, and other participants in the capital market.

 

SET President Charamporn Jotikasthira said SET was committed to cooperating with LSX by providing LSX staff with training courses and on-the-job training programs related to stock exchange operations, assisting in training other capital market professionals, market surveillance, and conducting regular senior executive meetings.

 

Meanwhile, LSX chairman and chief executive operating officer Dethphouvang Moularat said this MOU extension reinforced the good relationship between the two exchanges, which began in 2008 before the LSX was established and continued after LSX started operating in 2010. 

 

"Our long and close relationship has proven to be effective, and the SET had significantly contributed to the development of the Lao's

capital market," he said.