From the initial 3 trading items to more than 50 globally connected products, the Vietnam Commodity Exchange (MXV) has been steadfast on its journey of paving the way, connecting Vietnamese businesses and investors with international trade flows. Two major milestones of opening up to the world and modernizing infrastructure have shaped MXV's position in the strategy of developing an international financial center.
Vietnam Commodity Exchange
From bold ideas to integrated reality
At the beginning of the 21st century, commodity derivatives trading was still a strange concept in Vietnam. Initial trading experiments with cashew nuts, seafood, and coffee were soon stopped due to incomplete legal corridors, limited products, and low market awareness.
On September 1, 2010, the Ministry of Industry and Trade granted a license to establish MXV under Decree 158/2006/ND-CP with only three products: coffee, rubber, and steel. In the early years, MXV faced many difficulties, from technical infrastructure, legal framework to raising awareness of the business community and investors.
MXV with representatives of leading ASEAN commodity exchanges and member companies
The historic turning point came in 2018, when Decree 51/2018/ND-CP was issued, opening the door for MXV to connect directly with the world's leading commodity exchanges such as CME Group, ICE, LME, SGX, OSE, BMD. After only 3 years of connection, the number of members increased to 32 trading units, 4 brokerage units and 38 listed commodities. Vietnam officially entered the global playground, with abundant liquidity and a transparent pricing mechanism that closely reflects international supply and demand.
International connectivity not only helps Vietnamese enterprises access advanced sources of goods, prices and risk prevention methods, but also creates conditions for the commodity industry to become a component of the national financial system, contributing to GDP growth and national competitiveness.
Modernizing Infrastructure - Nurturing Great Aspirations
Since 2021, MXV's expansion journey has entered an acceleration phase. The trading portfolio has rapidly grown to more than 50 commodities divided into 4 main groups: Agricultural products, industrial raw materials, energy and metals, along with a network of members covering the whole country. This breakthrough has led to impressive growth in trading volume, in just the first 7 months of 2025, the average trading value per session reached 6,700 billion VND, an increase of 34% over the same period. In particular, the trading session on June 13 set a record of 12,700 billion VND.
Membership Recognition Ceremony August 23, 2025
Along with product expansion, MXV continuously invests in upgrading technology infrastructure, considering this a top priority to create competitive advantages. From the basic VC system in the early days, the Department has switched to the advanced CQG platform with nanosecond processing speed, then put into operation M-System from February 2021 - a friendly and convenient transaction management software, helping members to operate easily and effectively. At the same time, MXV is strongly deploying Big Data, AI and Blockchain to modernize the transaction infrastructure, increase automation and ensure data security. Projects to develop smart online trading systems and monitor the market in real time are also being prioritized, aiming at the standards of the world's leading exchanges.
Nurturing internal strength, ambition to conquer regional position
Not stopping there, MXV also proactively developed rubber flooring and pork flooring systems, ready for the official listing day. On the journey to reach that level, MXV does not forget the task of nurturing human resources, which is a key factor for a transparent and sustainable market. From cooperating with universities, organizing seminars, to expanding international cooperation, the Department has created a high-quality human resource foundation, ready to meet the requirements of modern market operations. These activities not only serve internal goals, but also contribute practically to the strategy of developing international financial centers in Ho Chi Minh City and Da Nang City.
Mr. Dang Viet Hung, General Director of MXV
Mr. Dang Viet Hung, General Director of MXV shared: “Over the past 15 years, MXV has made continuous efforts to bring Vietnamese businesses and investors a modern, transparent and globally connected commodity market. Today's achievements are thanks to the support of management agencies, international partners and MXV members. We are committed to continuing to innovate, apply technology, expand our product portfolio and improve service quality, aiming to make MXV the leading commodity exchange in the region by 2030”.
In 2025, the Government identified commodity trading as one of the three strategic pillars of the International Financial Center, along with Finance - Banking - Fintech and Securities - Investment Funds - Insurance. Developing a modern commodity exchange not only diversifies financial products, but also directly connects the Vietnamese market with the international market, supports the manufacturing and export industries and attracts foreign capital flows.
With the vision of becoming the largest commodity exchange in the region by 2030, MXV will continue to expand its products, standardize processes, improve human resources and perfect its legal system. From 3 modest initial products to more than 50 internationally connected commodities today, MXV has marked a persistent journey, a journey of creation and expansion.
Source: https://baochinhphu.vn/so-giao-dich-hang-hoa-viet-nam-15-nam-kien-tao-va-vuon-xa-102250903114609478.htm
Comment (0)