Southern mercantile exchange launched

SGGP
The Mercantile Exchange of Vietnam (MXV) established by the Ministry of Industry and Trade on October 25 presented its Southern brokerage member and business representative under the domain name of giaodich24.com.
According to Mr. Nguyen Ngoc Quynh, deputy CEO of MXV, MXV is the only national centralized commodity trading organization, operating nationwide with commodities, such as coffee, rice, corn, energy products and heavy metals.

At the present, as trading commodities are diverse, interconnecting with other mercantile exchanges all around the world, MXV has met the role of a national centralized commodity trading organization of Vietnam.

Economic experts said that when the mercantile exchange comes into operation it will facilitate information about the amount of exported goods, the prices of each type and each market, helping enterprises to take initiative in manufacturing and balancing supply and demand.

Promoting the development of commodity exchange floor is considered as an important step to stabilize prices and create an effective investment channel for investors.

By Thi Hong – Translated by Thuy Doan

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