This is the content stipulated in Decree No. 330/2025/ND-CP on the establishment and operation of the Commodity Exchange in the International Financial Center in Vietnam.
The Decree applies to the Commodity Exchange, investors, traders, agencies, organizations and individuals other than those related to the operations of the International Financial Center.
The Decree stipulates that enterprises that are established with a Commodity Trading Department must meet many conditions.
In which, a member of an international financial center or a company owned or controlled by a member of an international financial center, in which the capital contribution ratio of a member company of an international financial center accounts for at least 49% of charter capital.
In the case of a foreign-invested enterprise, the total capital contribution rate of foreign investors must not exceed 49%.
Charter capital of VND 1,500 billion or more; have a model, organization of activities, and functions of the Commodity Exchange. Draft operating charter in accordance with Government regulations on buying and selling goods through the Commodity Exchange and this Decree.
Another condition is to have an information technology system that meets the requirements of safe, stable and secure management and operation, including:
- Electronic trading platforms ensure smooth, safe operation, capable of processing and storing transaction data, editing orders, canceling orders, and matching results in real time;
- The deposit and clearing management system ensures accurate and timely control of deposit, payment and risk management obligations in transactions;
- Transaction monitoring system capable of monitoring, detecting, warning and storing data to serve the management and supervision of goods trading activities;
- Requirements for information security and backup to ensure technical standards, network security and the ability to restore the system when an incident occurs;
Having the ability to connect with members and state management agencies to ensure openness, safety, synchronization and provide accurate and transparent data.
The Decree stipulates the dossier to propose the establishment of a Commodity Trading Department, including: Proposal to establish a Commodity Trading Department according to Form No. 01.GDN prescribed in Appendix I issued with this Decree; project to explain the model, organization of activities, and functions of the Commodity Trading Department;
Draft operating charter; documents describing the information technology system, including a transaction platform that meets the Government's regulations on the purchase and sale of goods through the Commodity Exchange.
In case of the risk of causing instability in the commodity trading market, affecting economic - financial security, social order and safety, or showing signs of serious violations of the law related to trading activities at the Commodity Trading Department, the Ministry of Industry and Trade has the right to apply one or both emergency measures.
Measures include temporarily suspending or restricting transactions on the system of the Commodity Exchange; applying a special control regime for the information technology system; announcing emergency information on market developments and potential risks; restricting or suspending system access for organizations and individuals who violate the law or manipulate the market, to ensure technical safety, transparency and market stability.
