Need to reassess retail distribution market

Vietnamese distribution market needs to be assessed. It was recommended by specialists at the workshop “the impact of opening the market to goods distribution network after WTO entry” held on August 5 in Hanoi.

Nguyen Thi Hoang Thuy, vice head of Multilateral Trade Policy Department (Ministry of Industry and Trade) said after the accession to World Trade Organisation (WTO), Vietnam’s distribution services has achieved significant growth. Retail-distribution system is contributing up to 14 percent of GDP, employing more than five million labourers, the highest in the service sectors.

The year 2009 was considered a rough year due to impact from global economic recession. However, Vietnam’s retail turnover and services still posted a rise of 18.6 percent. During the first seven months this year, the figure was estimated at 877.5 trillion dong, rising 26.4 percent from the same period last year.

Tags: Vietnam retail market

Posted by VBN on Aug 7 2010. Filed under Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry