Commodities - Vietnam

Vietnam

The nominal value in the Commodities market is projected to reach US$458.80bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.95% resulting in a projected total amount of US$556.90bn by 2029.
The average price per contract in the Commodities market amounts to US$0.32 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$53,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 1,571.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

In Vietnam, the Commodities market is experiencing a notable shift in recent years. Customer preferences in the Commodities market in Vietnam are leaning towards more diversified investment options, with a growing interest in financial derivatives.

Investors are increasingly looking for ways to hedge risks and diversify their portfolios beyond traditional asset classes. Trends in the market show a rising demand for commodities such as crude oil and gold as investors seek safe-haven assets amidst global economic uncertainties. The introduction of new financial products and trading platforms is also contributing to the growth of the Commodities market in Vietnam, making it more accessible to a wider range of investors.

Local special circumstances, such as the country's strong economic growth and increasing integration into the global market, are fueling the development of the Commodities market in Vietnam. The government's efforts to improve regulatory frameworks and attract foreign investment are also playing a significant role in shaping the market dynamics. Underlying macroeconomic factors, including inflation rates, interest rates, and foreign exchange movements, are influencing investor behavior in the Commodities market in Vietnam.

As the economy continues to expand and become more interconnected with the global market, the Commodities market is expected to further evolve to meet the changing needs of investors.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.