On the morning of September 25, 2024, in Ho Chi Minh City, the Ministry of Industry and Trade organized a conference to draft a decree that would replace Decree No. 158/2006/ND-CP and Decree No. 51/2018/ND-CP, focusing on commodity trading activities through the Commodity Exchange. The conference saw the participation of experts, business representatives, and relevant government agencies.

At the conference, Mr. Trần Ngọc Quang, Deputy Director of SFVN Investment Joint Stock Company, contributed feedback on several provisions within the draft decree. He emphasized that the regulations must comply with related laws such as the Law on Commerce, the Law on Enterprises, the Law on Investment, and other legal documents (e.g., Decree No. 63/2010/ND-CP, Circular No. 03/2022/TT-BTP), while also ensuring practicality and feasibility.

Key points raised by Mr. Quang:

1. Regarding the term "Futures Commodities": He argued that this term is currently inappropriate and should be revised to better reflect the nature of the products and services in this sector.

2. Article 89, Clause 3, Point e: The prohibition of individuals who previously held management positions in companies for three years is too restrictive, potentially limiting recruitment opportunities for experienced professionals.

3. Article 90, Clause 2, Point d: The requirement for brokers to attend a minimum of 16 hours of training annually is unreasonable and burdensome. He suggested this be revised to: "Attending training courses and updating knowledge as required by the training institution with confirmation from said institution."

4. Chapter 10, Article 4: The restriction on shareholders trading commodities is too rigid and impractical. He proposed more flexible adjustments to align with the real-world situations of businesses.

5. Article 91, Clause 3: He recommended that the provisions on brokerage contracts should be made more adaptable to better reflect business practices.

6. Article 95, Clause 3: The five-year accreditation period for training institutions is unreasonable and may create operational difficulties. He also noted that the draft decree does not clearly address renewal procedures, which should be clarified.

SFVN hopes that these contributions will help improve the draft decree, making it more aligned with market realities and enhancing the quality of commodity trading through the Commodity Exchange.