Economic expert Nguyen Hoang Dung said in an interview with The Saigon Times that it is essential to establish a petroleum trading floor, or a petroleum exchange, to enhance the modernity and transparency of Vietnam’s energy market. But this is a complex process that requires thorough preparation and coordination among many stakeholders. A petroleum exchange might be up and running in 2-3 years The Saigon Times: Recently, Deputy Prime Minister Le Minh Khai called for research into recommendations on the local media that a petroleum exchange be established As a proponent of this trend, what is your view? Mr. Nguyen Hoang Dung: The Government’s move shows this is an important issue for the national economy and energy security in general and the intention to improve the management and operation of the petroleum market in particular. This is not only a positive signal but also an important opportunity to expedite meticulous and comprehensive research on the petroleum trading floor model and implement the idea of a petroleum trading floor. However, to realize this idea, we’ll need to thoroughly study similar models worldwide, especially in regional countries, and choose a suitable one for Vietnam. Along with that, we need to establish an […]