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LSX hosts GMS capital market education forum
This Capital Market Education Forum will mark another major milestone in the collaboration for mutual growth of the GMS Capital Market.
The Lao Securities Exchange (LSX) recently hosted the Greater Mekong Sub-region Capital Market Education Forum 2016 (GMS CMEF 2016) for the first time.
The two-day forum opened yesterday in Vientiane, attended by the chief executive officer of LSX, Vanhkham Voravong, and delegations from the securities commission and exchanges from Cambodia, Myanmar, Thailand and Vietnam, as well as Laos guests from securities firms, listed companies, commercial banks and educational institutions.
As the host of the forum, Vanhkham said GMS countries had to continue working side by side to enhance economic relations.
He said the Capital Market Education Forum would mark another major milestone in the collaboration for mutual growth of the GMS Capital Market.
He highlighted the significant improvement in the GMS Capital Market. “With the success of the previous forum, together we have always focused on exchanging experiences in the development of education tools for investors, which are a key to improving the capital markets in the region, as well as seeking ways to promote investors more efficiently and sustainably,” he said.
LBF steering committee mulls business issues
The Lao Business Forum (LBF) Steering Committee met on Thursday to discuss and summarise issues affecting businesses within the country before submitting these to next month’s 10th LBF.
The LBF Steering Committee meeting was held on Thursday in Vientiane, co-chaired by Minister of Industry and Commerce Khemmani Pholsena and President of Lao National Chamber of Commerce and Industry Oudet Souvannavong.
Speaking at the meeting, Khemmani said the LBF is a significant stage for discussions between the public and private sectors to improve the business operating environment, with an aim to promote growth in the business sector and boost its contribution to achieving the national development goals. The meeting’s specific objectives were to review progress of discussions relating to private sector operational issues, report outcomes of previous meetings to be considered and adopt issues for the agenda of the 10th LBF next month, she said. –Vientiane Times
US lifts dumping duties on Vietnamese steel
The United States International Trade Committee has concluded that no anti-dumping and countervailing duties will be levied on Vietnam, as the country's products meet the required conditions.
Anti-dumping duties will no longer be imposed on Vietnamese enterprises exporting Circular Welded Carbon-Quality Steel Pipe (CWP) to the US, the Vietnam Competition Authority said.
The information was recently released in the final conclusion of the dumping investigation on the import of CWP from Oman, United Arab Emirates (UAE), Pakistan and Vietnam by the United States International Trade Committee (Usitc). – Viet Nam News
Trade surplus seen for Laos his year
The value of exports from Laos is expected to reach $4.081 billion or 10.29 per cent over the plan while the value of imports is expected to reach $4.008 billion, or 76 per cent of the plan.
The total value of goods, imports and exports to Laos is expected to see an overall trade surplus of an estimated $73 million at the year’s end, with data currently available for the first nine months of 2016.
The value of exports is expected to surpass the target while the value of imports is expected to reach $4.008 billion, or 76 per cent of the plan, according to the latest figures reported at the National Assembly meeting by the Ministry of Planning and Investment.
The export value is higher as the country has exported more produce and services overall - Banana production increased 343.7 per cent, cassava by 161.5 percent, electricity by 56.5 per cent, electrical equipment by 14 per cent, copper 37.9 percent, maize 48 per cent, coffee 26.5 percent, and rubber 22 per cent. – Vientiane Times
