Experts talk trade in Ho Chi Minh City

Consumers shop at a supermarket in HCM City (Photo: VNA) HCM City (VNS/VNA) – Ho Chi Minh City’s Department of Industry and Trade met with more than 50 experts, researchers and business leaders at a meeting on August 3 to discuss solutions to develop the city’s main products in the trading and services sector. Speaking at the meeting, Nguyen Phuong Dong, the department’s deputy director, said the sector had the highest growth rate among the city’s economic sectors for a number of years. In 2016, the sector contributed 63.2 percent to the city’s gross regional domestic product (GRDP). Under the city’s plan, modern trade channels will account for at least 40 percent of the city’s total retail sales by 2020 and 20 percent by 2025, compared to 25 percent now. This will require great effort from enterprises and city authorities to expand the scale of goods exchange and meet demand of residents in their choice of shopping channels. “The city plans to develop a list of key products in the trade and services sector and identify the most suitable support policies to exploit potential and advantages, as well as meet local demand and enhance exports,” he said. A representative of… Read full this story

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