Mercantile Exchange Of Vietnam Corporation (Vietnam)

The subject is considered as the National centralized commodity trading market organizer in Vietnam. It was officially established in 2010 and was granted license No. 4596/GP-BCT dated 01 Sep 2010 by the Ministry of Industry and Trade to be allowed to conduct coffee, rubber, and steel transactions. However, the operation in the first period was still humble because it was not interconnected with international markets. To Jun 2018, the Ministry of Industry and Trade officially signed license No. 486/GP-BCT establishing a commodity exchange, using the official international transaction name "Mercantile Exchange of Vietnam" (MXV), and the Mercantile Exchange of Vietnam has officially interconnected with international commodity exchanges since 17 Aug 2018. Up to now, the subject has connected most of the major Commodity Exchanges in the world such as the 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. Updated to the year 2021, MXV lists and trades 38 types of products, divided into 4 sectors: agriculture, energy, industrial, and metal, and it has about 34 trading members and 04 brokerage members.Generally, the subject is expanding its operation in the industry. Last year, it has obtained impressive growth of both revenue and profit. The general meeting of shareholders dated 26 Mar 2022 has set a revenue target of VND 717,950 million for FYE 31 Dec 2022, and the profit target reaches VND 27 billion accordingly. The general meeting also discussed and approved a plan to increase the charter capital to VND 1,000 billion; however, it has not been implemented up to now.