On May 15, 2024, a productive meeting took place at the Vietnam Commodity Exchange (MXV) headquarters, where representatives from MXV and the Singapore Commodity Exchange (SGX) discussed and emphasized the significance of strategic cooperation between the two entities for the period of 2024-2025.

The MXV team, led by Mr. Nguyen Duc Dung, Corporate Vice President, and Ms. Bui Thi Bich Phuong, Director of Risk Management Department, warmly welcomed their counterparts from SGX. The SGX team included Ms. Brenna Koh, Co-Head of Global Commodities Sales; Ms. Penny Pan, Assistant Director of Global Sales and Origination; and Mr. Goh Jenn Yang, Commodities Product Manager.

SGX, established in 1999 with its headquarters in Singapore and representative offices in various key locations such as London, Beijing, Shanghai, Hong Kong, Tokyo, and Mumbai, is a reputable provider of commodity trading market infrastructure in Asia, adhering to the highest regulatory standards. It is globally acknowledged for its risk management and clearing capabilities. Currently, Iron ore and TSR20 rubber are the two SGX’s interconnected for trading at MXV.

During the recent meeting, both sides assessed the trading performance of rubber and iron ore in Vietnam and discussed strategies to enhance the development of these products. SGX also proposed potential commodities for listing at MXV to diversify the investment portfolio for Vietnamese investors. Furthermore, SGX suggested collaborating with MXV to conduct events and market training programs in Vietnam to promote strategic products and increase awareness of hedging and risk management tools.

The leaders of MXV and SGX expressed satisfaction and anticipation for future meetings and cooperation, aiming to foster sustainable development of Vietnam's commodity trading market and enhance the country's economic integration.

Tra My