The first Commodity Exchange Service officially opened on January 11 in the country’s biggest economic hub of Ho Chi Minh City.
Coffee, rubber and steel products are the key commodities transacted at the Service which has total charter capital of VND 150 billion (about US $7.5 million).
All commodities must be checked at the Service for required standard. Prices of commodities will be decided on the basis of public auctions.
The new office is composed of a transaction floor, payment center, product verification and exchange center.
It also provides information of domestic and international markets, establishing linkages with other local and global commodity exchange floors./.