Vietnam Expanding its Commodities Exchange

Vietnam will expand its public investment options well beyond stocks and real estate  next year as its new commodities exchange anticipates trading accounts to surge from the current 1,385 with an aggregate $333 million in value to roughly 5,500 accounts worth $886 million.

More derivative transactions are intended to improve product quality, cut transportation costs, and strengthen the positions of domestic producers in negotiating with foreign partners.

Vietnam’s commodities exchange has been used as a brokerage market for foreign customers since it was launched earlier this year, trading almost exclusively in just two commodities: rubber and coffee.  The government hopes to attract more investors by expanding to include a wide range of commodities and logistics.

More on the Vietnam commodities exchange

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s