Preferential policies of Do Luong new market

The Do Luong Trade Center (TTTM) project combined with Do Luong traditional market is located in the center of Do Luong town, adjacent to National Highway 7 - an important commercial area of ​​Do Luong district, playing a role in promoting the socio-economic development of the district and the western regions of Nghe An province.

The project will create favorable business conditions for small traders; to replace the old Do Luong market which has degraded and no longer meets the current buying and selling needs of the people, no longer ensures fire safety, food hygiene and safety; to improve and enhance the quality of life of the people here.

The Do Luong traditional market and shopping center was established in the context of the old Do Luong market being seriously degraded, not ensuring fire prevention and fighting safety and food hygiene and safety. Photo: Document

The Do Luong Traditional Market and Commercial Center was approved for investment by the Provincial People's Committee on February 15, 2017, granted a Construction Permit by the Nghe An Department of Construction on December 3, 2019, and signed a land lease contract by the Department of Natural Resources and Environment on November 20, 2019.

The project has basically completed the infrastructure, foundation of high-rise kiosks and traditional markets, and is currently constructing the rough construction of high-rise kiosks. The goal is to put them into operation and use by the fourth quarter of 2020.

The project is located right on National Highway 7, considered the "prosperous avenue" of the entire Do Luong district. Photo: Document

To help people receive official information about the project and understand their rights when switching to trading at the new market, the investor of the Hai An - Do Luong Market Investment and Construction Cooperative will hold a conference to announce preferential mechanisms and specific policies for traders at the old Do Luong market. Among them, there are notable policies such as:

Support for business relocation:

- Support 3 million VND per business location to move from the old market to the new market.

- Support 1 million VND/month for 12 consecutive months from the date of product delivery.

- Free parking and environmental sanitation fee within 12 months.

- For business locations at the new Do Luong market, traders will be arranged and drawn for new locations equivalent to the old locations, according to the approved product line arrangement plan.

- No need to auction the right to rent stalls, stores, and business locations. Guaranteed to continue long-term business at the new Do Luong market according to the registered product line with the investor.

- Get a discount on booth and stall rental compared to the approved original price; Get to draw lots to choose a spot based on the classified arrangement.

- If the customer borrows capital from the Bank to rent a business location, the investor will support 100% of the interest rate from the date of borrowing to the date of receiving the product. The maximum loan amount is 70% of the value of the business location (in this case, the high discount rate is not applied). The customer must provide documents and loan contract to the investor.

- The lease term will be automatically extended for another 50 years immediately after the lease term expires in the first cycle of the project (until 2067), if the project is still maintained as a market without having to pay additional kiosk rent according to current law.

Business support:

- The investor supports connecting and carrying out legal procedures with distributors of goods and businesses supplying products and services to support small traders at the market to access goods with the best quality and most competitive prices.

- Support small traders in searching, introducing, and linking sources of goods consumption with other localities and areas to increase sales revenue, expand and diversify business and trading markets.

Mr. Nguyen Anh Tuan - representative of the Investor of the Do Luong Traditional Market and Trade Center Project said, "The construction of a new market is in line with the market renovation policy of the Ministry of Industry and Trade and the State to replace the degraded Do Luong market. In addition to ensuring the quality and progress of the project, the investor is also planning to manage and operate the market so that it operates effectively. The investor is committed to being highly determined and devoting all resources to building a typical, modern and largest market in Nghe An province, not only bringing benefits to business households but also contributing significantly to the economic growth of the town and the entire Do Luong district".

The Do Luong traditional market and commercial center project has a total investment of more than 330 billion VND, with a prime location, spacious and modern design and huge cargo capacity, which will be an architectural highlight for Do Luong district, and at the same time become a bustling trading place, meeting the trading needs of the western districts of Nghe An, becoming the pride of Do Luong people in particular and Nghe An in general.