Commodities trading floor set for launch

Trading floors to sell agricultural produce both domestically and overseas, were to be established, the Viet Nam Association of Farmers annouced Tuesday.

The system of floors would provide information about commodities, prices and markets for traders and farmers alike, facilitating the purchase and distribution of domestic goods, the association said.

Nguyen Duy Luong from the association said it would be a good information channel for farmers that wanted to introduce products to overseas markets. The floors would also serve State management offices and offer modern trading facilities for farming products, he added.

The trading floors are due to be built in districts with large agricultural regions under development over the period 2010-15.

Four floors have been marked for development in Ha Noi, HCM City, Da Nang City and Can Tho City, with further floors planned for the future.

The association would co-operate with the Pho Cho Limited Company to develop the trading floors this year, the association announced.

The new floors follow the launch of the website (Niengiamnongnghiep.vn) in 2007 that service 1,000 members that purchase and sell agricultural products.

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