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It is located at 18-20 Phuoc Hung street, Ward 8, District 5, Ho Chi Minh City.
TPE's founding shareholders include SME Securities Corporation (SMES) and Trieu Phong Gold International Company (TPG). TPE, with the charter capital of up to VND150 billion ($7.89 million), is allowed to exchange all kinds of commodities regulated by the MoIT under the Decision 4361/QD-BCT including coffee, rubber and steel.
At the launching ceremony, SMES and TPG signed a strategic corporation arrangement, in which, SMES is not only TPE's founding shareholder and exchange member but also its partner to participate in developing the network of broker members system and exchange members system. Besides, SMES and TPE will coordinate to develop TPE's financial, additional and derivative services.
TPE aims to bring about a new financial investment channel in Vietnam's commodities market and make it a centralised and safe commodity exchange.
TPE will list the basis price for coffee, rubber and steel in the local market based on continuously matching orders through the Patsystem software systems and its partner in supporting technological methods and exchange system management software in many prestigious organisations.
One of TPE's biggest advantages to its members is that customers can trade a large amount of commodities without having a specific volume of consigned commodities at TPE. In addition, this commodity exchange will help producers insure pricing risks and have conditions to raise the price thanks to connections with other commodity exchanges in the world.