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Local commodity exchange teams up with Belarus
Pham Thai
Thursday,  Jul 18, 2013,20:16 (GMT+7)

Local commodity exchange teams up with Belarus

Pham Thai

By Pham Thai - The Saigon Times Daily

Representatives of Ocean Group and BUCE sign the cooperation agreement - Photo: Courtesy of Info Comex

HCMC – Ocean Group’s commodity exchange Info Comex on Tuesday signed a cooperation agreement with Belarusian Universal Commodity Exchange (BUCE).

According to a statement released by Ocean Group, the two sides pledged to share information of commodity markets, boost cooperation in trading of farm produce, metal and other products. Besides, the two exchanges will support customers of both sides by simplifying costs and cutting fees.

The two exchanges will also share experience in electronic trading by organizing seminars and training courses for Vietnamese and Belarusian enterprises.

Ocean Group won a license to establish Info Comex commodity exchange on April 22 with the chartered capital of VND150 billion. The exchange will start operating in early 2014, trading steel, coffee, rubber and other products.

BUCE has developed a network with over 12,000 customers from 57 countries worldwide. The exchange reported revenue of US$1.5 billion last year.

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