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Viet Nam: Commodities exchange on the way

Posted on 23 December 2011

Derivative exchange, considered a new investment channel for local business in the gloomy economy, will take a leap in the domestic commodity market next year. Nguyen Duy Phuong, director of the Viet Nam Commodities Exchange (VNX), made the above statement at a conference held in the capital on Tuesday.
At the event, entitled “Viet Nam’s Economy 2011 and Prospects for 2012 - Opportunities for Commodities Exchange”, Phuong estimated that the number of VNX accounts would surge from the current 1,385, worth VND7 trillion (US$333.3 million), to roughly 5,500 accounts worth VND18.6 trillion ($885.7 million) next year………………………………………..Full Article: Source


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