Securities Commission Organization and Stock Exchange Development in Vietnam and Laos
Keywords:
Stock exchange, capital market, securities commission, Vietnam, LaosAbstract
This paper investigates stock exchange evolution in Vietnam and Laos through reviewing previous literature, synthesizing the capital market structure, and evaluating the capacity of the regulatory agencies, with an aim to provide a big picture of how the stock markets have developed. This study uses OLS and Tobit regression analysis to explain the associated indicators of stock exchange development in the selected countries. I find that the stock exchange in Vietnam has undergone dramatic development. However, inadequacy of securities law, low free-float of shares, and an undiversified investor base are reported as challenges. The stock exchange in Laos is still in its initial stages of development and is confronted with various challenges, including limited and undiversified products of listed companies, low liquidity, and a small investor base.
Downloads
Published
How to Cite
Issue
Section
License
The submission of a manuscript implies that the paper is an original work and has not been published elsewhere. The author(s) authorize the journal to reproduce or distribute the paper in printed or other electronic forms.