Structure and Organization of BCEL

BCEL stock exchange (Banque pour le Commerce Exterieur Lao)
III. Structure and Organization

A. Regulators
1. Lao Securities Commission (LSC):
- Overview: LSC is usually the agency responsible for supervising
securities activities in Laos.
- Mission: Ensuring transparency, fairness and efficiency of the stock
market. They can approve rules and regulations, inspect and monitor the
activities of stakeholders.
2. Bank of the Lao PDR (BOL):

- Overview: The Central Bank of Laos, which may participate in the
management and supervision of the financial market in general.
- Mission: BOL can play an important role in ensuring the stability and
safety of the national financial system.
3. Ministry of Finance (MOF):

- Overview: The Ministry of Finance can play an important role in
developing stock market policies and regulations.
- Mission: Regulate and support sustainable development of the stock
market.
B. Components
1. Payment and Offset Procedure
- Payment Process: BCEL stock exchange conducts payment transactions
through the banking system to ensure transparency and safety for all
parties involved in the transactions. Buyers transfer funds to the bank
account linked to the exchange, and upon successful completion of the
transaction, the corresponding amount is transferred to the seller's
account.
- Offset Payment: This process ensures that transactions are executed
efficiently and do not create disruptions in the financial system. Offset
payment is the process of reconciling and clearing payments between
participating parties, minimizing risks, and ensuring transparency in the
trading system.
- Importance of Ensuring Transparent Transactions: The payment and
offset procedures play a crucial role in ensuring the transparency of the
stock market. This enhances the trust of investors and stakeholders, while
reducing the risk of fraud and misinformation.
2. Bond Trading Platform

- Overview of Bond Trading Platforms: BCEL stock exchange provides
modern and secure bond trading platforms. These platforms typically
integrate information technology and offer features such as real-time
price display, market information, and online trading capabilities.
- Significance in the Overall Market: The bond market plays a vital role in
the financial system, helping balance the supply and demand for capital
in the economy. The bond trading platform on BCEL stock exchange
contributes to the development of the financial market, providing
investment opportunities and wealth for investors, while supporting
businesses and governments in securing stable capital from the financial
market.
C. Opersonal details
1. Trading Hours:
 Schedule for regular trading hours:
- The BCEL Stock Exchange typically opens at specific hours during
normal business days. For traditional stock markets, the opening and
closing hours of the exchange may be determined to reflect the normal
working hours of the region.
- Regular trading hours may start in the morning and conclude in the
afternoon, depending on the specific regulations of the exchange and
market regulations.
 Special trading sessions, if any:

- In addition to regular trading hours, there may be special trading sessions
such as extended trading hours or lunch breaks. These sessions may
provide opportunities for investors to engage in trading during less
conventional times.
- These special sessions may be organized to meet the needs of
international investors or to create more flexibility during trading hours.
2. Holidays:
 List of holidays observed by the BCEL Stock Exchange: The stock
exchange typically remains closed on national holidays and official
public holidays according to the national calendar. These days may
include holidays such as Lunar New Year, National Day, or other
significant holidays.
 Impact on trading activities:
- Holidays are days when the stock exchange is closed, and no trading
takes place. This can affect liquidity and the trading ability of investors.
- Investors need to be aware of this schedule to adjust their investment
strategies and avoid undesired risks during periods when the exchange is
closed.
3. Market Performance Indices:

 Key indices used to assess market performance:
- Key indices often include factors such as the VN-Index, liquidity ratio,
average stock prices, and technical indicators like RSI (Relative Strength
Index) and MACD (Moving Average Convergence Divergence).
- These indices provide an overall view of the stock market's health and
can be monitored to assess trends and the general condition of the
market.
 Indices investors should monitor: Investors should pay attention to indices
such as price volatility, market liquidity, and financial indices of listed
companies.
D. Recent developments and future developments

1. Recent Developments:
 Organizational Improvements: Marketing and Private Banking
Restructuring: BCEL recently restructured its organizational setup within
the Marketing and Private Banking Division, introducing two new
Marketing Units tailored for the Luangprabang Branch and Vangvieng
Branch.
 Collaborations and Partnerships:
- Educational Collaborations: Collaborative agreements with the National
University of Laos and the Banking Institute for student card issuance.
- Collaboration with Lao-China Railway: Partnership to facilitate online
ticketing via the LCR application, with settlements through BCEL One.
- Prudential Laos Partnership: Collaboration to offer online life insurance
purchases through BCEL One.
- Strategic Alliances: Formed a strategic alliance with Tencent from China
for fund transfers from BCEL One to WeChat. Additionally, joined
forces with KEB Hana Bank from South Korea to enable payments on
the GLN system through OnePay, TOSS, KAKAO, and KB applications.
 Marketing Strategies:
- Marketing Campaigns: Launched various promotional campaigns,
including the VISA discount campaign, Valentine's Day promotion, and
campaigns to encourage VISA card usage and reward users of OnePay.
- BCEL One Enhancements: Introduced new features to BCEL One, such
as Tipme (a tipping feature), a currency trading platform, and the ability
to seamlessly book and purchase BOL's bonds.
 Service Network Expansion:
- New Service Unit: Opened a service unit at the Lao-Bao Border Check
Point.
- Renaming and Reopening: Expanded and renamed service units at the
Vientiane Branch and Champasak Branch. Additionally, reopened four
currency exchange units on weekends to meet customer demand.
2. Future Prospects:
 Planned Development and Expansion:
- Business Plan for 2023: BCEL has approved its business plan for 2023,
including branch and service unit classification.
- Audit Contract with PwC: Signed a contract with PwC for external
auditing services in 2023.
 Outlook and Market Opportunities:
- Enhanced Service Network: Upgrades to enable CNY transfers to
WeChat, updates to the OneCash e-wallet for international tourists, and
ongoing development of the Loan Origination System.
- Project Development: Implementation of the second issuance of BOL's
bonds.
 Financial Assessment (As of Q2, 2023):
https://www.bcel.com.la/bcel/bcelweb-datas/financial-info/financial-
summary/en/bcel_web_file_45_148c0c34359a057c7d32428a7f8e576b.pdf
- Positive Growth: Total assets, loans, deposits, and profits before and after
tax show positive results compared to plans and the same period last
year.
 Market and Investment Evaluation:
- Growth Potential: Despite challenges from global and regional economic
conditions, there is positive potential for economic recovery in Laos.
- Investment Opportunities: BCEL's demonstrated stability and growth
present investment opportunities and market participation prospects in
Laos.
 In summary, BCEL has achieved significant advancements in organizational
structure, collaborations, marketing, and service expansion, while
maintaining positive financial performance. The future outlook is supported
by planned developments, strategic collaborations, and continued
exploration of opportunities in the Laotian economic market.

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BCEL stock exchange (Banque pour le Commerce Exterieur Lao)

III. Structure and Organization

2. Bank of the Lao PDR (BOL):

3. Ministry of Finance (MOF):

2. Bond Trading Platform

 Special trading sessions, if any:

3. Market Performance Indices:

D. Recent developments and future developments

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