Rubber prices stayed high in the final months of last year based on limited global supply and high demand, according to Deputy General Director of the Mercantile Exchange of Vietnam Nguyen Duc Dung.

The Vietnam Rubber Association (VRA) is bullish about the prospects for the rubber industry in 2025, forecasting 10% annual growth in export revenue to over 11 billion USD.

The Mercantile Exchange of Vietnam (MXV) and Singapore-based CWT International Limited, a leading provider of logistics and related engineering services, on December 5 signed a Memorandum of Understanding (MoU) for strategic cooperation in commodity logistics.

Trading through commodity exchanges would help mitigate risks for both buyers and sellers and create fair, competitive prices for Vietnamese agricultural products as well as prevent the recurring crashing of prices when farmers have bumper crops, speakers told a seminar in Ho Chi Minh City late last week.

The Mercantile Exchange of Vietnam (MXV), the only national centralised commodity trading market organiser in Vietnam, has said that it will focus on building specialised commodity trading floors in the coming time.

A cooperation agreement on forming a pork trading floor in Ho Chi Minh City was signed on August 14 between the municipal Departments of Industry and Trade, and Agriculture and Rural Development, and the Mercantile Exchange of Vietnam (MXV).

The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy's supply and demand impacting the listed prices of commodities on global exchanges, said trade experts at a workshop held in Hanoi on May 17.

Global and domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over 4 billion USD this year, a record set in 2022, while the global supply is narrowing down.

The five companies holding the largest commodity brokerage market shares in Vietnam sustained their positions in 2021, according to the Mercantile Exchange of Vietnam (MXV).

The development of a commodity exchange in Vietnam is expected to provide an alternative for investors when they find difficulties investing in risky assets such as stock and real estate.