Vietnam's commodity market strives to reach the world

One of the notable sessions was "Exchange Evolution: Insights from Industry Leaders", in which experts shared about the development trends of exchanges, and predicted a strong transformation of the derivatives market in the Asia-Pacific region in the coming years.

"Attending the FIA ​​Conference not only helps us better understand international trends but also facilitates connections with leading strategic partners," said Nguyen Duc Dung, Deputy General Director of MXV. "International integration is both a goal and a driving force for us to constantly innovate and improve, towards a commodity market in Vietnam that reaches the world."

In addition, international experts emphasised the role of risk management and technology application in building a stable and sustainable commodity market. This is an opportunity for MXV to study how leading exchanges adapt to digitalisation and geopolitical fluctuations — two factors that will strongly shape the market in the next decade.

As a national centralized commodity trading market organiser in Vietnam, the MXV has clearly identified the importance of applying advanced technology and risk management solutions to its operations.

"We always focus on improving technology to not only optimise trading activities but also ensure safety and transparency for investors, creating a premise for the sustainable development of the Vietnamese market," Nguyen Duc Dung emphasised.

Within the framework of the business trip to attend the FIA ​​Conference 2024, the MXV signed a memorandum of understanding on strategic cooperation with the international logistics group CWT — a leading partner in the logistics sector.

The MXV and the CWT will cooperate to deploy warehousing and logistics services, serving freight forwarding contracts, creating strong development opportunities for the logistics industry and supply chain in Vietnam.

Raymond Sha, Executive Vice President of CWT, underscored Vietnam’s immense potential in logistics and commodity trading, saying that Vietnam has all the elements to become a logistics hub in the region.

The combination of CWT’s global network with MXV’s deep understanding of the local market marks a significant step in delivering comprehensive logistics solutions for Vietnam and the Southeast Asian region, he said.

In order to continue to strengthen and expand the network of strategic partnerships, representatives of the MXV worked with the Chicago Mercantile Exchange (CME Group), the Singapore Exchange (SGX), and a series of leading financial and technology organisations such as Stone X, Phillip Nova, Synergy Link Capital, CQG, and Trading Technologies.

The CME Group and SGX are the world's largest commodity exchanges, playing an important role in the MXV's internationalisation journey.

The meeting between MXV and the two Exchanges focused on the strategy for developing the commodity trading market in Vietnam in the period of 2025-2030. The CME Group and SGX are committed to continuing to support MXV in developing new derivative products suitable for the Vietnamese market, improving technology infrastructure, and organising specialised training programmes on commodity trading, thus opening opportunities to improve capacity for domestic investors.

Leading technology partners such as CQG and Trading Technologies also play an important role in MXV's development strategy. The parties discussed how to leverage technology to improve transparency and efficiency in trading.

The CQG proposed cooperation in organising training programmes for Vietnamese investors, helping them to become familiarised with and effectively use advanced trading platforms.

Meanwhile, Trading Technologies is committed to supporting MXV in optimising its information technology system, helping to improve transaction efficiency and risk management.

"Technology is the key to improving performance and ensuring safety in transactions. We believe that cooperation with international partners will help Vietnam achieve global standards," added Nguyen Duc Dung.

At the working sessions with StoneX, Phillip Nova, and Synergy Link Capital, the partners all expressed their goodwill to support MXV in developing the commodity trading market in Vietnam in an effective and comprehensive manner, especially regarding the projects to build specialised trading floors that MXV is implementing.