Cambodia and Thailand have reached a Memorandum of Understanding (MoU) on consultative cooperation and information exchange in the stock markets.

The deal was signed in Phnom Penh on April 2 by Ming Bankosal, director general of the Securities and Exchange Commission of Cambodia (SECC), and Vorapol Socatiyanurak, secretary general of the Securities and Exchange Commission of Thailand (SECT), in the presence of Cambodian Finance Minister Aun Pornmoniroth.

Speaking after the signing ceremony, Bankosal said the agreement will allow securities regulators of both countries to boost mutual consultation, cooperation and information exchange.

The MoU is a milestone in the bilateral relationship and a step forward in regional cooperation and integration, he said.

Bankosal added that in order to realise the regional vision of ASEAN Capital Market Linkage, it is crucial to exert more effort in building a regional market with stable development, while supporting businesses and economic growth.

Meanwhile, Socatiyanurak said the MoU shows the good relations between the two regulatory institutions and expressed confidence that it will contribute to further improving bilateral ties between Thailand and Cambodia.-VNA