Today: 04/10/2023 00:20:22 (GMT+7)

Ministry perfects policies for commercial infrastructure development

The Ministry of Industry and Trade (MoIT) has drafted a circular regulating the classification and management of commercial establishments.

The move aims to develop civilised and modern commercial establishments, facilitate the flow of goods, and help promote socio-economic development in line with the Prime Minister-approved strategy for developing domestic trade by 2030, with a vision to 2045.

Ministry perfects policies, commercial infrastructure development, commercial establishments, socio-economic development, trading of goods

A consumer shops at a Winmart supermarket.

Statistics of the MoIT showed that the numbers of supermarkets and trade centres increased sharply to 1,167 and 254 in 2021, from 567 and 95 in 2010, respectively.

Convenience stores have also been booming in recent years, helping to fuel the trading of goods.

However, experts also pointed out that despite a surge in numbers, markets, supermarkets, trade centres, and convenience stores have concentrated in just urban areas while the existing legal framework has not kept pace with development.

Vu Vinh Phu, a retail expert, said the only legal document covering the management of commercial establishments now is Decision 1371/QD-BTM, issued on September 24, 2004 by the Minister of Trade (now Minister of Industry and Trade), which stipulates rules on the management of commercial infrastructure.

Most of this document’s contents are outdated. This is especially the case with regulations on convenience stores, which have grown strongly in just the last five years, he noted.

The lack of a legal document on this type of distribution has hampered the formation of a strategy for developing convenience stores like in other countries, Phu added.

The strategy on developing domestic trade by 2030, with a vision to 2045, targets that by 2030, consumer goods and service revenue traded via modern retail distribution channels will make up 38 - 42% of the total retail and consumer service revenue, compared to the current rate of about 25%.

Driven by this strategy, commercial establishments are forecast to flourish in the time ahead. Therefore, it is also necessary for legal documents to keep up with this trend, according to President of the Association of Vietnamese Retailers Vu Thi Hau.

Le Viet Nga, Deputy Director of the MoIT’s Domestic Market Department, said the MoIT will work with other ministries and sectors to develop commercial establishments in conformity with plans and strategies, while pressing on with overhauling mechanisms and policies to support commercial infrastructure development.

Conference seeks to better cross-border e-commerce skill for export firms
Hanoi will continue to coordinate with the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency (iDEA), Amazon Global Selling Vietnam, and relevant units to support and train businesses in skills on cross-border e-commerce, according to Vice Director of Hanoi Center for Investment, Trade and Tourism Promotion (HPA) Nguyen Thi Mai Anh.
E-commerce platforms should pay tax on vendors' behalf: ministry
The Ministry of Finance wants e-commerce companies such as Shopee, Tiki and Lazada to pay taxes on behalf of their vendors to simplify administrative procedures.
Bac Giang supports to create more than 113,600 booths on e-commerce platforms
(BGO) – Since early this year, the Department of Industry and Trade (DoIT) has cooperated with competent agencies in and outside Bac Giang province to support businesses, cooperatives and households to create more than 113,600 booths on various e-commerce platforms of,,, among others.
Exportation through e-commerce on the rise
Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
Cooperatives receive support to adopt e-commerce
E-commerce is widely considered an effective and sustainable solution to help cooperatives improve their competitiveness, and boost production and exports, but the number of cooperatives that have gone online remains modest, prompting the Vietnam Cooperative Alliance (VCA) to support them in this regard.

Source: VNA

Ministry perfects policies, commercial infrastructure development, commercial establishments, socio-economic development, trading of goods
New comment has just been added. Click here
Sort:NewBest News