Vietnam builds up retail market

Vietnam has been rated as one of the fastest growing retail markets in Asia. The market fueled economic growth and generated about 7 million jobs last year.

Minister of Industry and Trade Tran Tuan Anh praised the role by domestic trade and consumer service in national development: "The Ministry of Industry and Trade has drafted a strategy to promote retail market with a vision to 2025. The Ministry has recommended priority industries for investment incentives, especially in remote and mountainous regions. We have defined responsibilities by ministries and provinces in facilitating business growth and market development. We will complete technical barriers to protect domestic products in compliance with integration commitments."

Source: VOV5