Sign up | Log in



Home  >>  Daily News  >>   Laos News   >>  Capital Market  >>  Laos Set For Capitalist Leap Into Stock Market

7 June 2010

Laos Set For Capitalist Leap Into Stock Market

Related Stories

February 3, 2009
Thai parent mulls listing Laos power unit

July 28, 2008
Cambodian bank Acleda drives into Laos

Isolated for decades behind Asia’s bamboo curtain, communist Laos will soon take a great leap into the global capitalist marketplace with the debut of a stock exchange to fuel a quiet mining and hydropower boom, Reuters reports.

Government officials in one of the world’s few remaining communist countries say economic liberalization will not affect the regime’s hold on power in a country with ambitions to emulate China’s market-based authoritarianism.

But they hope the bourse, due to be opened later this year, will pull the nation of six million people out of poverty by injecting much-needed capital into the economy, in particular hydropower and mining, which are receiving a wave of foreign investment as commodity prices rebound.

“There is huge potential in development but limited sources of financing,” said Vathana Dalaloy, deputy secretary general of the country’s newly formed Securities and Exchange Commission, which is setting up the bourse as a $20-million joint venture with Korea Exchange, Asia’s fourth-largest bourse operator.



Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand