The government cabinet has adopted a comprehensive strategy on capital market development, aimed at mobilising funding for socio-economics development.
Approved at the government's monthly meeting for October held last week, which was chaired by Prime Minister Thongsing THAMMAVONG, The strategy is aimed at developing the capital market and strengthening the financial system.
It is believed the move will stimulate enterprises to integrate and better compete in regional and global markets.
The strategy defines 12 programmes comprised of 39 projects, which will pursue eight targets. These targets include the creation of essential conditions for business to obtain financing through the capital market, in order to boost their business capacity.
The targets also include drawing up comprehensive legal documents that dovetial Lao and global circumstances, as well as developing the Lao Securities Exchange, its operation and systems.
To achieve this, the meeting instructed the relevant authorities to develop and strengthen the stock market in order to create a capital market to provide funding for socio-economic development.
Source: Vientiane Times
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