The Securities and Exchange Commission (SEC) of Thailand has announced the results of the 3rd Mekong Capital Markets Cooperation (MCMC) meeting in Pattaya City that all 5 member countries agreed on mutual benefits of this collaboration framework and entered into MoU signing to lay the foundation for capital market cooperation to promote sustainable growth in the region.

Vorapol Socatiyanurak, SEC Secretary-General revealed the meeting results of the 3rd MCMC meeting hosted by the SEC recently in Pattaya City last month.

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Participated by the five Mekong countries – Cambodia, Laos, Myanmar, Vietnam and Thailand, the meeting focused on capital market infrastructure for sustainable growth including mutual recognition of regulatory standards and practices, development of collective investment scheme business, promotion of financial literacy, and elevation of corporate governance through establishment of Institute of Directors to facilitate cross-border investment and fund raising that will certainly generate mutual benefits and boost economic growth and prosperity across the region.

In addition, to reiterate their commitment under MCMC framework, high-raking executives from Cambodia, Laos, Vietnam and Thailand signed a Memorandum of Understanding on Cooperation and Development of Capital Markets in the Mekong Sub-region. Meanwhile, Myanmar which is in the process of setting up capital market regulatory body will consider joining the MoU in the near future.

"The SEC has placed importance and played active roles in MCMC forum and I am very pleased that other Mekong jurisdictions have done the same.

We agreed that the meeting will be held twice a year and each authority will take turns hosting the event. The next meeting will be hosted by the Securities and Exchange Commission of Cambodia," Vorapol added.

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