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Removing “barriers” for Mercantile Exchanges

Removing “barriers” for Mercantile Exchanges

Regarding new contents in Decree No. 51 /2018/ND-CP, the representative of the Legal Department, Ministry of Industry and Trade said that Decree 51 expanded the form of trading orders. Besides written orders, other forms such as telex, fax, data and other forms as prescribed might be accepted, allowing Mercantile Exchanges to connect with each other in the country and abroad. In addition, the Decree 51 also expanded the List of commodities listed in the Mercantile Exchange.

Mr. Nguyen Viet Vinh, General Secretary of the Vietnam Coffee - Cocoa Association said that “according to Decree 51, Vietnam connected the exchanges in the country with each other (if any) and towards connecting with the foreign exchanges. This will create favorable conditions, typically enterprise will grasp information on volume of exported goods and price. Thereby, evaluation on the market is more effective”.

Source: customsnews.vn

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