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March 5, 2008

ASEAN/STOCK MARKETS
Regional bourses seek ways for development

Chief executive officers of stock exchanges from six Asean members will meet in Vietnam next Monday to discuss solutions to bourse development, local newspaper Vietnam News reported Tuesday.

Delegates from the six members of the Association of Southeast Asian Nations (Asean) - Malaysia, Indonesia, the Philippines, Singapore, Thailand and Vietnam - will focus their discussion on information technology, product development, marketing, and development strategies, the paper quoted Le Nhi Nang, deputy general director of Vietnam's Ho Chi Minh City Stock Exchange, as saying.

Stock exchange representatives from South Korea and Japan will attend the meeting as guests, and Tokyo Exchange will share experiences in cross-listing.

Market capitalisation of the six exchanges stands at 1.4 trillion U.S. dollars, with Singapore ranking first, representing 539 billion dollars. Vietnam accounts for 23 billion dollars, the newspaper said.


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