OVERVIEW
OVERVIEW
Mercantile Exchange of Vietnam (MXV) is the only national centralized commodity trading market organizer in Vietnam, licensed by the Ministry of Industry & Trade (the only and indefinite license managed by the Ministry of Industry & Trade).
On December 28th, 2006, the Prime Minister issued Decree No. 158/2006/ND-CP detailing the Commercial Law regarding the establishment of the Commodity Exchange and trading commodities through it.
On September 1st, 2010, the Ministry of Industry & Trade granted license No. 4596/GP-BCT to establish the first Commodity Exchange in Vietnam - Mercantile Exchange of Vietnam. According to the license, the Ministry of Industry & Trade allows MXV to conduct coffee, rubber and steel transactions.
On April 4th, 2018, the Prime Minister officially signed Decree No. 51/2018/ND-CP on amending and supplementing a number of articles of Decree 158/2006/ND-CP of the Government detailing the Commercial Law on trading commodities through MXV.
On June 8th, 2018, Ministry of Industry & Trade officially signed the license No. 486/GP-BCT establishing Commodity Exchange, allowing the official name of the domestic transaction to be used: “Sở Giao dịch Hàng hóa Việt Nam” and international transaction name: “Mercantile Exchange of Vietnam” (MXV).
On June 18th, 2018, MXV submitted a document of commodities allowed for interconnected transactions and approved by the Ministry of Industry & Trade according to the principles of Decree No. 51/2018/ND-CP.
On June 20th, 2018, MXV obtained its Legal Entity Identifier (LEI) consisting of 20 alphanumeric characters delivered by The Financial Stability Board (FSB) and applied to all financial transactions with European partners.
On May 22nd, 2020, the Ministry of Industry and Trade signed Decision No. 1369/QD-BCT allowing Mercantile Exchange of Vietnam (MXV) to list and trade a number of items in the conditional business group (commodities in the energy group and rice products). After being approved by the Ministry of Industry and Trade, MXV organized the listing and trading of RBOB Blended Gasoline, Natural Gas, WTI Oil, Mini WTI Oil, Brent Crude, Low Sulfur Oil and Crude Rice.
In June 2020, MXV completed a charter capital increase of VND 500 billion, gradually affirming its position to become a major Commodity Exchange in the region.
In July 2020, MXV put the CQG trading software system into operation, replacing the previous Vision Commodity software system. CQG is a command transfer and data storage system provided by the multinational technology company CQG. This is the world's most prestigious trading software system connecting more than 40 Commodity Exchanges, ensuring data transmission and having the largest transaction data storage capacity.
In January 2021, MXV put into operation the M-System. This is a transaction management software system with a friendly interface, meeting all trading needs of investors.
During the period from June 2021 to July 2021, MXV has added many new products, serving the diversification of investment portfolio, specifically: (i) Adding Spread transaction, which is a popular form of trading in the world, plays an important role in both hedging and investment activities; (ii) Listing of two new products, Rough Rice (ZRE) and Kansas Wheat (KWE); (iii) Interconnected with the London Metal Exchange (LME) - the largest and oldest exchange in the world for metal commodities.
Currently, MXV has connected most of the major Commodity Exchanges in the world such as: London Metal Exchange - (LME); Chicago Commodity Exchange - 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 meets the full needs of commodity trading including price hedging and arbitrage trading of domestic investors, gradually expanding the scale of centralized trading of domestic investors, contributing to the process of international economic integration.
