Vietnam approves 2026-2030 plan to build a domestic commodity derivatives market
The Minister of Industry and Trade signed Decision No. 2433/QĐ-BCT on 28 September 2026 approving a scheme to develop Vietnam's commodity derivatives market through 2030, with orientation to 2045. The plan targets 8-10 million contracts a year, 300-500 participating companies and domestic reference prices for 3-5 key commodities. Coffee, rice, rubber, pepper and cashew alone represent an underlying physical base of roughly US$30 billion a year.
Vietnam has approved a long-term programme for its commodity derivatives market, setting numerical targets for contract volumes, corporate participation and domestic reference prices for the country's main agricultural exports. The Minister of Industry and Trade signed Decision No. 2433/QĐ-BCT on 28 September 2026 approving the scheme “Development of the Commodity Derivatives Trading Market in Vietnam in the 2026-2030 Period, with Orientation to 2045”, VnEconomy reported.
The Ministry of Industry and Trade says the market has already taken shape as a risk management tool for companies, but that most trading is still routed through links to foreign markets. In 2025 it handled about 1.54 million contracts with a turnover of more than 1.9 quadrillion đồng, according to Công Luận and Tạp chí Kinh tế Tài chính. Coffee, rice, rubber, pepper and cashew alone account for an underlying physical base of roughly US$30 billion a year.
Targets to 2030
- around 10 commodities in which Vietnam has scale and comparative advantage
- domestic reference prices gradually established for 3 to 5 key commodities
- 8 to 10 million contracts a year
- 300 to 500 participating enterprises
- 20% to 30% of companies in key sectors hedging price risk with derivatives
Measured against the 2025 baseline of 1.54 million contracts, the volume target implies growth of roughly five to six times in five years. The hedging ratio is the more demanding of the two: lifting the share of firms in flagship export sectors that use derivatives against price swings to 20-30% is what would tie the venue to physical trade rather than to financial turnover.
A two-stage roadmap
The first stage, from 2026 to 2027, concentrates resources on market foundations — completing the trading system, clearing and settlement, market surveillance and risk management functions.
The second stage, from 2028 to 2030, widens the list of eligible commodities and develops contracts of Vietnamese origin. That is the mechanism intended to produce domestic reference prices, alongside broader international connectivity in the same window.
Exchange, OTC and the physical market
The market is to operate under a unified model combining centralised exchange trading with an over-the-counter segment, under the legal rules in force at any given time. The commodity exchange holds the central role in organising trading, forming prices and creating liquidity, while the OTC segment is meant to cover bespoke corporate requirements and to be standardised step by step.
To keep derivatives attached to the commodity value chain rather than turning the market into a purely financial channel, the scheme calls for parallel development of warehousing, delivery services, quality inspection, digital infrastructure and databases. Margin management, centralised clearing and real-time trade surveillance are named as the safeguards for the system, VnEconomy reported.
Legal track and the 2045 horizon
The scheme implements Resolution No. 19-NQ/TW of 28 July 2026 and is intended as the practical basis for the draft Law on Commodity Derivatives Trading now before the National Assembly. The Domestic Market Management and Development Authority described the document as a shift from forming a market to developing it in depth, with a structure, a timetable and a link to the real economy.
By 2045 Vietnam aims for a commodity derivatives market with leading scale and connectivity in Southeast Asia, where 3 to 5 domestic commodities move beyond national reference pricing to take part in shaping regional prices. The scheme also covers training of specialists, wider public knowledge of the instruments and risk management capacity at companies and cooperatives.
