National Assembly session 6th has adopted the 5 years plan on developing the national social-economic from the year 2006 to 2010, to establish Lao Securities Exchange (LSX) in Lao PDR at the end of 2010 is a part of the 5 years plan, the government authorized Bank of the Lao PDR to implement such plan by appointing the General Leading Committee regarding to LAX’s establishment, consisting of H.E Somsavat LENGSAVAD Standing Deputy Prime Minister & Chairman of General Leading Committee, Mr. Phouphet KHAMPHOUNVONG Governor of the Bank of Lao PDR & Vice chairman of General Leading Committee and other Deputy ministers as the committee.
· On 19th September 2007 the Memorandum of Understanding (MOU) was signed between Bank of the Lao PDR (BOL) and Korean Exchange (KRX) in Seoul Capital, Republic of Korea. H.E Somsavat LENGSAVAD had appointed the Securities Market Establishment Committee (SMEC) on 22nd January 2008 in order to implement this project under the practical advice of Mr. Phouphet KHAMPHOUNVONG the Governor of Bank of the Lao PDR & Standing vice chairman of General Leading Committee.
· On 25th May 2009 the government appointed the Securities and Exchange Commission (SEC) to replace the General Leading Committee and replace the Securities Market Establishment Committee (SMEC) to be the staffs of Securities and Exchange Commission Office (SECO) and was implemented since 02nd July 2009; Up to the end of July 2009 the Joint Venture Agreement was signed by Bank of the Lao PDR (BOL) holding the share of 51% and Korea Exchange (KRX) holding the share of 49%.
· The Lao Securities Exchange (LSX) was officially opened on 10th October 2010 which presided by H.E Somsavat LENGSAVAD Standing Deputy Prime Minister & Chairman of Securities and Exchange Commission (SEC); Governor of Bank of the Lao PDR, The Korea Exchange and its delegations , Mr. Dethphouvang MOULARAT Chairman & CEO of the LSX; Acting diplomatic corps ministers; People’s Republic of China; Executive officers of Socialist Republic of Vietnam Stock Exchange; Securities Exchange of Thailand and other related sectors.
· The LSX is the first capital market in the Lao PDR which will attract the huge capital to develop the nation and raising the long-term funds to companies and also promoting the integrity of Lao financial market. Thus, Lao Government deems it is necessary to establish capital market in order to collect the long-term funds for providing to companies which are required for developing and expanding their manufacturings and services sustainably.
