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VietNamNews

Second commodity exchange opens

Update: May, 06/2013 - 08:00

HA NOI (VNS)— The Ministry of Industry and Trade on Friday issued a licence to the INFO Commodity Exchange owned by Ocean Group.

The INFO exchange, the second of its kind in the country, will trade in steel, rubber, coffee and agricultural goods. It will provide a direct channel between manufacturers and the market to end speculation in the prices of goods. It will regulate commodity standards, link the domestic and international markets, and integrate the Vietnamese goods market globally.

It will help Vietnamese businesses, in particular farmers, boost production and their competitiveness in the global market.-VNS


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