MXV-Index surpasses 3,000 points for the first time.

The MXV-Index rose 1.35% to a record high of 3,035 points, marking the first time the Vietnamese commodity market has surpassed the 3,000-point mark.

The MXV-Index has reached an all-time high, surpassing the 3,000-point mark. Source: MXV

This is a result of the continued improvement in the global commodities market as strong buying pressure spreads across many product groups, especially energy and agricultural products.

According to the Vietnam Commodity Exchange (MXV), the energy sector remains the focus of the market as oil prices surged amid concerns about renewed tensions in the Middle East. The market fears that the current ceasefire agreement is at risk of collapsing, potentially disrupting global oil supply.

The upward trend in oil prices was further reinforced by the latest report from the US Energy Information Agency (EIA). According to the report, oil production in the Middle East in April decreased by approximately 10.5 million barrels per day due to disruptions in exports through the Strait of Hormuz. The EIA also projected a scenario where the strait could be completely closed until the end of May, increasing concerns about short-term energy supply shortages.

At the close of trading, WTI crude oil prices rose nearly 4.2%, surpassing the $100/barrel mark to reach $102.2/barrel. Brent crude oil prices also increased by more than 3.4%, reaching $107.8/barrel.

Crude oil imports into Vietnam from the beginning of the year to date. Source: MXV

Fluctuations in the international market are putting increasing pressure on the domestic energy market. According to preliminary data from customs authorities, Vietnam's crude oil imports in April decreased by 7.7% in volume but increased by as much as 25.8% in value compared to the previous month.

Amidst a sharp decline in energy supplies from the Middle East, particularly Kuwait, since the beginning of this year, Vietnam is stepping up its efforts to diversify its energy sources. The market has recently seen an increase in crude oil imports from West Africa, notably Nigeria, while the proportion of natural gas imported from Malaysia and Australia has also risen significantly.

The agricultural commodities market also saw strong surges, most notably in wheat. Chicago wheat futures for July delivery rose 7.1% to $249.5 per ton, the highest level in about a year and a half. Kansas wheat futures for the same delivery period also increased by nearly 6.6%.

MXV stated that the main driver supporting prices comes from concerns about tightening global supply. The U.S. Department of Agriculture 's (USDA) May WASDE report sharply lowered its forecast for U.S. wheat production and inventories for the next crop year. At the same time, drought and frost in key producing states like Kansas and Nebraska continue to put pressure on crop quality.

Domestic wheat imports in the first four months of 2026. Source: MXV

In the domestic market, the demand for stockpiling raw materials continues to increase sharply. According to preliminary data from the Customs Department, as of the end of April, Vietnam had imported nearly 4 million tons of wheat with a total value of approximately US$1.02 billion, an increase of 65.7% in volume and nearly 60% in value compared to the same period last year.

In April alone, wheat imports reached approximately 1.15 million tons, valued at over $288.8 million. According to MXV, the increased imports by domestic businesses reflect a proactive trend of stockpiling raw materials to ensure supply during peak production periods, while minimizing the risk of shortages from international markets.

Source: https://hanoimoi.vn/mxv-index-lan-dau-vuot-moc-3-000-diem-749671.html