The Lanexang Securities Public Company (LXS), a joint venture between the Lao Development Bank and Vietnam’s Sacombank Securities Company, with a charter capital of 100 billion LAK (12.5 million USD), has made its debut in Vientiane.
Addressing the debut ceremony on March 25, LXS Chairman Vilaymith Ackhavong said his company is responsible for providing accurate and timely information, keeping clients’ information secret, developing advanced technology and ensuring services for clients and sustainability in securities business.
It also keeps information and documents on securities business activities, implements duties relating to clients in line with conditions regulated in contracts and laws, and organises the implementation of receiving-sending, paying and transfering securities in accordance with the regulations of the committee on securities market management, he added.
Establishment of the Lanexang Securities Public Company is part of the Lao Development Bank’s strategy and aims to carry out the policy of the Lao Party and Government to serve society, domestic and foreign investors, contributing to building and developing the country in each phase and enhancing the Vietnam-Laos special relations./.