Mercantile Exchange of Vietnam to build specialised commodity trading floors
The Mercantile Exchange of Vietnam (MXV), the only national centralised commodity trading market organiser in Vietnam, has said that it will focus on building specialised commodity trading floors in the coming time.
A rubber trading floor expected to be put into operation in Ho Chi Minh City this year (Photo: VNA)
Hanoi (VNA) – The Mercantile Exchange of Vietnam (MXV), the onlynational centralised commodity trading market organiser in Vietnam, has saidthat it will focus on building specialised commodity trading floors in thecoming time.
This is one of the MXV's key plans in the 2023– 2028 period, aiming to develop the domestic commodities trading market inaccordance with international standards.
Specifically, this year, it plans to coordinatewith the Ministry of Industry and Trade and competent agencies in building anew decree to replace Decree 158/2006/ND-CP detailing the Commercial Law onpurchasing and selling goods through the mercantile exchange and Decree51/2018/ND-CP amending Decree 158 to perfect the legal framework.
This will be a premise to help the domesticcommodities trading market develop sustainably, and elevate Vietnam'sposition on the world commodity trading map, MXV General Director Dang VietHung affirmed.
Specialised commodity trading floors willhelp Vietnam's production and trade activities become transparent and modern, thuscreating a premise for breakthrough development in the future, he added.
This year, a rubber trading floor and apork trading floor are expected to be put into operation in Ho Chi Minh City,while those for coffee and carbon credits are scheduled to become operational nextyear./.
The establishment of a domestic carbon credit trading floor is expected to help improve the transparency and effectiveness of transactions related to carbon credits, thereby helping Vietnam work towards its net zero goal by 2050.
A cooperation agreement on forming a pork trading floor in Ho Chi Minh City was signed on August 14 between the municipal Departments of Industry and Trade, and Agriculture and Rural Development, and the Mercantile Exchange of Vietnam (MXV).
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A rubber trading floor expected to be put into operation in Ho Chi Minh City this year (Photo: VNA) 
