Addressing labor redundancy in agriculture

The Commercial Development Master Plan 2011-2020 is designed by the Ministry of Industry and Trade to boost the process of commercial modernization, to increase Việt Nam’s ranking in the global trade environment and to achieve the status of advanced development in the region by 2020.

The trade sector sets its GDP growth rate to be higher than the GDP growth rate of the economy: an average increase of 8-8.5% per year from now to 2015, and 8.5-9% per year from 2016 to 2020.

The growth rate of total retail sales of goods and services is expected to have an average increase of 19-20% per year from now to 2015, and 20-21% per year from 2016 to 2020, so the proportion of modern retail sales increase from 20% to 40% from now to 2020.

The Ministry of Industry and Trade also strives to increase the export growth rate by 15-16.5%/year from now to 2015, and by 16-17.5%/year from 2016 to 2020; and curb the import growth rate by 13-15.5%/year from now to 2015, and by 13.5-15%/year from 2016 to 2020; so that, by 2020, Việt Nam may have trade surplus.

Construction of 22 logistics centers

Alongside the import infrastructure at seaports and other economic zones, 12 logistics centers will be built in the North, while 10 other logistics centers will be built in the South. The Tây Nguyên province and the Central area will invest and exploit seaports and other economic zones.

Simultaneously, the Ministry will implement wholesale markets, grade I and II markets, and retail markets.

As detailed in the Master Plan, shops, traditional, franchise and convenience stores will be developed in all urban and residential areas in the country, including 574 urban areas, 10,000 rural residential areas, and 200 concentrated industrial areas.

The Ministry of Industry and Trade calculates that the total demand for the Commercial Development Master Plan is roughly 64,980 billion VND.

By Xuân Hùng