Trading through commodity exchanges would help mitigate risks for both buyers and sellers and fair, competitive prices for Vietnamese agricultural products as well as prevent the recurring crashing of prices when farmers have bumper crops, speakers told a seminar in HCM City last week.
The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy''s supply and demand can impact the listed prices of commodities on global exchanges.
Trading through commodity exchanges will be more convenient in Viet Nam with the Government’s new regulations on the establishment and trading on the commodity exchange.
The Ministry of Industry and Trade on Wednesday held a conference to
discuss setting up a legal framework for transactions by Vietnamese
businesses through foreign commodity exchanges.
