Thai Bourse Firms Up Cooperation with Cambodia, Laos and Vietnam Exchanges
BANGKOK, 29th August The Stock Exchange of Thailand (SET), together with other stock exchanges in Greater Mekong Subregion (GMS) – Cambodia, Hanoi, Hochiminh and Laos -, announced that they will collaborate to strengthen the region’s competitiveness and raise its global profile during the first GMS exchanges CEOs meeting ‘GMS Focus’, hosted by SET, as a platform for closer collaboration among GMS exchanges.
After the meeting, five GMS exchanges agreed in principle to initiate GMS capital market developments in three areas: capital market education, corporate governance and market information sharing. Charamporn Jotikasthira, President of The Stock Exchange of Thailand, said: “This first GMS exchanges CEOs meeting reflected the shared vision and regional support in building a closer network for GMS capital markets cooperation. All GMS stock exchanges are confident that a closer collaboration among markets is a major step in strengthening our capital markets’ presence and enhancing our capital market quality.”
Hong Sok Hour, CEO of Cambodia Securities Exchange, said: “This meeting was very fruitful and productive, enabling us to further develop our markets and contribute to the prosperity of the GMS. During the meeting, all exchanges agreed to set up GMS information sharing mechanisms among exchanges that I am strongly confident that it will help regional development and increase visibility of GMS exchanges to regional and international investors.”
Tran Van Dzung, CEO of Hanoi Stock Exchange, said “GMS securities exchanges are playing increasingly important roles in supporting the economic development of our respective countries and the region. Our collaboration’s goal is to develop a strong and healthy GMS capital market based on good quality of corporate governance of exchanges and listed companies.” Tran Anh Dao, Deputy CEO of Hochiminh Stock Exchange, said “HOSE highly appreciate SET as the host of this GMS Exchanges Networking for enhancing relationship among exchanges in the region. We take this opportunity for deeper understanding on collaboration mechanism and future plan”
Dethphouvang Moularat, Chairman & CEO of Lao Securities Exchange, joining Thailand Focus for the third time, said: “This meeting is an important way to build strong links of friendship among GMS exchanges and show how the exchanges can work together effectively. One joint operation that was mutually agreed from the meeting is to initiate “GMS Capital Market Education Forum” that would become the key driver for strengthening the capital market education development in Mekong region. This meeting shall contribute narrowing the developing gap among GMS countries and can smoothly establish the AEC”
The CEOs exchanges also participated for the second time in Thailand Focus 2013: Connecting to New Investment Frontiers, the annual flagship investment seminar in Thailand, to present their growth potentials to foreign funds and participate in 19 one-on-one meetings in the event during August 28 and 30, 2013