Thailand has been trading with
neighboring Asian countries since the dawn of
So in essence, it has been engaged in the trading
business since time immemorial, although not formal.
It was only in mid 20th century did the Thailand
government exerted formal efforts to uphold the
country’s economy through the establishment of an
organized securities market.
Thailand stock market began as a limited
partnership established by a group of private
businessmen in July 1962.
The private group’s effort was an answer to the call of the
National Economic and Social Development Plan to promote
national economic growth and uplift Thailand’s standard of
The privately owned organization later came to be
known as the Bangkok Stock Exchange Co., Ltd., or BSE for
short. But in spite of its good intentions, BSE was not very
turnover in the stock exchange was minimal and fell
even more towards BSE’s end in mid 1970s. The
organization’s failure was blamed to inexperience
and limited knowledge about the equity market.
The Bangkok Stock Exchange was replaced by the
government’s first official securities market—the
Securities Exchange of Thailand, otherwise known as
SET. The Stock Exchange of Thailand was formally
enacted in May 1974, but its inception began as
early as 1969 as part of the Second National
Economic Development Plan (1967-1971).
Government officials had been contemplating on establishing
an organized market that has proper facilities, well
thought-out policies and orderly processes for securities
trading. And the government put this thought into action
when it amended the “Announcement of the Executive Council
No. 58 on the Control of Commercial Undertakings Affecting
Public Safety and Welfare” in 1972. The amendment gave the
government further control and added regulatory power over
securities and finance companies’ operation.
the establishment of the much-awaited Stock Exchange
of Thailand was completed. More amendments followed
after this—changes to the Revenue Code, which
allowed savings investment in the capital market.
Then finally, the SET began its official trading on
the 30th of April in 1975.
exchange continued to evolve over the years and even
changed its name to Stock Exchange of Thailand on
January 1991. But it still retained its acronym,
the years, the stock market has undeniably played a
significant role in the improvement of Thailand’s
It has provided a more efficient way of
monitoring the country’s economic development. Through the
stock market, Thailand was able to create more opportunities
for both local and foreign investors; thus, creating more
job opportunities for its citizen as well.