Vietnam Technological & Commercial Joint-Stock Bank and Dak Lak People’s Committee and Thai Hoa Joint Stock Co open at Coffee exchange to boost Vietnam’s trade of coffee according to Bloomberg.
The move is designed to capitalize on the $2 billion industry by cutting pricing discrepancies and help boost the Vietnamese economy.
Vietnam is the second largest coffee grower to Brazil and has exported $1.8 billion worth of coffee thus far this year.
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