FPT IS and Lao Securities Commission Office strengthen cooperation in securities information technology
As part of Asian Development Bank’s (ADB) technical assistance program for ASEAN Capital Markets Forum (ACMF), a delegation from Lao Securities Commission Office (LSCO) visited and worked with FPT IS Company Limited in Vietnam. The purpose of the visit was to enhance cooperation in developing information technology for the securities market between Vietnam and Laos.
The delegation of Lao Securities Commission Office (LSCO) visited and worked with FPT IS.
In recent years, economic and financial collaboration between Vietnam and Laos has steadily strengthened. In particular, by early 2024, Vietnam had become one of the largest investors in Laos, with 417 licensed projects and a total investment of approximately USD 4.3 billion, focusing on key sectors such as finance, banking, electricity, telecommunications, agriculture, forestry, and mining. Notably, the finance & security sector is becoming crucial, driving cooperation and mutual development of the two countries. Through the ADB’s technical assistance, both countries have worked actively to improve their capabilities in managing and overseeing the securities market, ensuring transparency and efficiency in financial transactions. Vietnam, with over 20 years of experience in developing and regulating its securities market, has achieved significant milestones. The market is not only effectively managed but also expanding rapidly in both size and quality. Meanwhile, though still in its early stages, Lao securities market is showing significant progress and requires technological support and managerial expertise from neighboring countries.
During the LSCO’s visit to FPT IS, the delegation focused on exchanging experiences and discussing FPT IS’s expertise in designing and developing systems for information disclosure, reporting, and transaction monitoring – crucial components for ensuring market transparency and security.
With more than 30 years of experience in information technology, over 20 years of deploying technology systems for the finance & securities sector, and more than 1500 top technology experts, FPT IS has provided numerous cutting-edge solutions for the finance and securities sector, both domestically and internationally. In Vietnam, FPT IS is a strategic partner for major financial institutions, including Ho Chi Minh Stock Exchange (HOSE), Hanoi Stock Exchange (HNX), State Securities Commission of Vietnam (SSC), and various other businesses in the sector.
One of FPT IS’s strengths lies in its ability to design and develop big data management systems, optimize operational processes, and monitor transactions. Amidst the rapid growth of the Vietnamese securities market, FPT IS has successfully executed several crucial projects, including resolving HOSE’s order congestion issue within 100 days, implementing a market monitoring system for the State Securities Commission, and developing core business software systems for VSD, HNX, and HOSE.
Additionally, FPT IS has supported securities companies to adopt cutting-edge technologies, particularly AI and Cloud, in system operations and customer management, which accommodates the sharp rise in accounts and market liquidity. FPT IS believes that technology is a vital factor, enabling listed companies to connect seamlessly with investors, enhance their competitive edge, and achieve sustainable growth.
At the meeting, Mr. Boualamphou Khammanyvong, Director of Legal Department at Lao Securities Commission, shared his expectations for the visit: “We greatly admire the development of the Vietnamese securities market and FPT IS’s contributions in building advanced technology systems. This visit presents a valuable opportunity for us to learn from Vietnam’s experience and explore suitable solutions to support the growth of Lao securities market. We look forward to collaborating with FPT IS to build a robust technology platform for Lao securities market in the future.”
Mr. Quan Bao Thang, Executive Vice President and Deputy Director of Finance & Banking Sector at FPT IS, expressed: “The timing of your delegation’s visit is particularly meaningful, as Vietnam and Laos are deepening cooperation across many sectors. We believe that today’s meeting not only provides a platform to exchange experience and collaborate but also fosters stronger business ties between the two countries, particularly in finance and securities. With over 20 years of experience in deploying technology systems for the finance & securities markets, FPT IS believes in our ability to assist Lao Securities Commission Office in developing advanced technology solutions to enhance the management and oversight of Lao securities market. We look forward to continuing our close cooperation with LSCO to promote the sustainable development of both countries’ financial markets.”
The visit is expected to unlock opportunities for deeper collaboration between FPT IS and Lao Securities Commission Office.
With its proven expertise and experience, FPT IS stands ready to support Lao securities market in enhancing its technological infrastructure, ensuring the market’s sustainable and transparent growth. Both FPT IS and Lao Securities Commission Office anticipate that this visit will unlock numerous opportunities for deeper collaboration, further strengthening the strategic partnership between Vietnam and Laos across various sectors, not only in the finance & securities sector.
