Commodity trading will boom, creating a solid foundation for an international financial center in Vietnam

The event gathered nearly 200 delegates from management agencies and was attended by representatives of three leading commodity exchanges in the ASEAN region.

Overview of the 2025 Member Training Program

This event has special significance for MXV and its derivatives trading members in the context of Vietnam's efforts to upgrade its comprehensive partnership with countries in the region, especially after General Secretary To Lam's visit to Indonesia, the ASEAN Secretariat and Singapore.

Currently, Ho Chi Minh City is accelerating the construction of a regional and international financial center in the city. This is the driving force for Vietnam to connect to the global financial market; attract foreign financial institutions, promote resources, and create breakthroughs for development. In particular, derivatives trading is one of the three core pillars of this center model. Through listing Vietnamese strengths such as rubber, coffee, rice, cocoa, etc., to attract foreign investors, especially from global financial institutions to trade goods.

This training program allows MXV to learn from international partners and affirm its position in the region. MXV also demonstrates its initiative in improving the capacity of its members in the derivatives trading business. This is considered a strategic step, helping MXV standardize its operating procedures, thereby better meeting the needs of domestic and international markets.

One of the major goals that MXV is aiming for is to promote the connection of commodity trading with the world, thereby creating the foundation for the development of an international financial center in Vietnam.

In the context of Vietnam's economy deeply integrating into the global economy, the development of the commodity market must not only stop at meeting domestic demand but also aim for close connection and linkage with major markets in the world.

MXV has leveraged its relationships with the world’s leading exchanges to bring Vietnam’s strong and unique commodities to the international market. This not only helps increase the value of Vietnamese goods but also creates conditions for domestic enterprises to access capital and have more effective risk prevention tools.

Furthermore, this connection also contributes to promoting transparency and efficiency in transactions, two key factors in building a trustworthy international financial center.

Commodity trading in Vietnam promises to boom

According to the cooperation plan with the Vietnam Rubber Industry Group (VRG), MXV has tested the Vietnam Rubber Exchange system and will officially list as soon as possible. This is a potential domestic product, taking advantage of Vietnam's strengths in the rubber sector.

Mr. Tran Nhu Hung, Head of Business Department, Vietnam Rubber Industry Group (VRG) hopes that rubber products will soon be listed on the stock exchange to increase transparency and reach more investors, thereby increasing the circulation of goods and achieving the best transaction value.

According to Mr. Hung, listing rubber on the stock exchange will help member companies of the group reach new customers and new markets through interconnection without having to meet in person.

VRG is working with MXV to list this item as soon as possible. VRG and its member units will prepare goods that meet the listing criteria and quality.

Since August 2023, MXV has coordinated with relevant departments to build the Ho Chi Minh City Pork Exchange to help stabilize prices and protect the interests of farmers and consumers.

Mr. Nguyen Nguyen Phuong, Deputy Director of the Department of Industry and Trade of Ho Chi Minh City, said that the pork market in Ho Chi Minh City has a transaction scale of about 10,000 pigs per day. From the production stage to the consumption point, there are many intermediaries, causing the price of pork from the farm to the dining table to increase significantly.

Mr. Nguyen Nguyen Phuong - Deputy Director of Department of Industry and Trade of Ho Chi Minh City

“Through trading goods on the floor, the Vietnamese livestock industry will develop not only in breadth but also improve quality in depth. At the same time, production costs for livestock farmers and manufacturing enterprises will decrease, quality control activities will be easier and more effective thanks to traceability. Due to the reduction of intermediaries, consumers will be able to buy products at transparent prices and with more guaranteed quality... ” – Mr. Phuong emphasized.

The listing of the new product demonstrates MXV’s long-term vision for developing the commodity market in a sustainable manner. By providing modern financial instruments such as futures and options, MXV helps Vietnamese businesses minimize the impact of international price fluctuations while enhancing their competitiveness in the international arena.

This is also a testament to MXV's flexibility and creativity in meeting the practical needs of the economy, promising a boom in commodity trading in Vietnam, aiming for MXV to become the largest commodity exchange in the region by 2030.

Promoting the role as one of the three pillars of the International Financial Center

Experts say that the Vietnamese derivatives market, under the leadership of MXV, is making significant progress in integrating with the world. With its strategic geographical location and abundant economic potential, Vietnam has every basis to become a regional commodity trading center.

MXV - as a pioneer, has taken full advantage of these advantages to build a transparent, efficient and modern trading market.

Mr. Nguyen Duc Dung, Deputy General Director of MXV and representatives of international commodity exchanges in the training session

Not only does it connect supply and demand, MXV also plays an important role in stabilizing domestic commodity prices. In the context of global price fluctuations due to factors such as geopolitical conflicts or climate change, MXV has provided tools to help businesses and farmers proactively respond. This not only brings economic benefits but also contributes to ensuring food security and social stability.

MXV is gradually asserting its position not only domestically but also on the regional and international commodity trading map. From organizing training programs to improve management capacity, to promoting international connections and listing new products, MXV has demonstrated its strategic vision and strong commitment to developing the commodity market.

These efforts of MXV not only contribute to promoting the country's economy but also contribute to the formation and development of an international financial center in Vietnam in the direction of providing modern financial services such as derivatives finance, ensuring both attracting capital flows and stabilizing the country's finances.

According to Associate Professor, Dr. Ngo Tri Long, an economic expert, the Commodity Exchange plays a key role in building and developing the International Financial Center in Ho Chi Minh City, contributing to improving the quality of goods, creating a transparent market and providing effective risk management tools for businesses and investors.

Ha Anh

Source: https://congthuong.vn/giao-dich-hang-hoa-se-bung-no-tao-nen-tang-vung-chac-cho-trung-tam-tai-chinh-quoc-te-tai-viet-nam-379926.html