OVERVIEW
OVERVIEW
The Mercantile Exchange of Vietnam, doing business as MXV, currently operates as the first and exclusive national entity for centralized commodity market operations in Vietnam granted by the Ministry of Industry and Trade.
On June 14, 2005, The National Assembly issued Commercial Law No. 36/2005/QH11 which regulates the purchase and sale of goods through the Commodity Exchange within Articles 63 to 73.
On December 12, 2006, The Government promulgated Decree No. 158/2006/NĐ-CP, which provided detailed implementation guidelines for the Commercial Law, pertaining to the establishment of the Commodity Exchange and the conduct of goods transactions through the Commodity Exchange.
On September 1, 2010, The Ministry of Industry and Trade issued License No. 4596/GP-BCT, formally authorizing the establishment of the Mercantile Exchange of Vietnam
On April 9, 2018, The Government issued Decree No. 51/2018/NĐ-CP amending and supplementing various provisions of Decree No. 158/2006/NĐ-CP, thus further refining the regulatory framework for the purchase and sale activities of goods through the Commodity Exchange.
On August 17, 2018, MXV established connectivity with the global commodity trading market
On May 22, 2020, the Ministry of Industry and Trade granted Decision No. 1369/QĐ-BCT, extending permission to MXV for the listing and trading of a selection of conditional products
In January 2021, MXV initiated the deployment of the M-System, a state-of-the-art commodity transaction management system, representing the most extensive of its kind in Vietnam
On February 24, 2022, The daily value of commodity transactions conducted at MXV surpassing VND 10,000 billion for the first time.
On June 26, 2023, MXV listed Options Contracts.
In 2024, MXV establishes specialized Commodity Exchanges for Coffee, Rubber, Pork…
Currently, MXV has established connections with most of the major Commodity Exchanges in the world such as: London Metal Exchange - (LME); CME Group (including CBOT, CME, COMEX, NYMEX Exchanges); Intercontinental Exchange - ICE (including ICE US, ICE EU, ICE Singapore exchanges); Osaka Commodity Exchange - OSE; Singapore Commodity Exchange - SGX; Bursa Malaysia Derivatives Exchange.
MXV fulfills all the needs of commodity trading, encompassing price hedging and arbitrage trading of domestic investors. It progressively expand the scale of centralized trading for domestic investors, thereby facilitating the process of international economic integration.
