Markets are classified in 3 ways

This Decree stipulates policies and mechanisms for market development and management, including: investment in market construction (including new construction, repair and renovation of construction works); organization of market management and business activities at the market; management, use and exploitation of market infrastructure assets invested and managed by the State.

The Decree classifies markets according to 3 methods: Business, scale, and capital.

Market classification by business method

Wholesale marketis a market with the functions prescribed in Clause 3, Article 3 of this Decree and meets the following criteria:

- Scale (area): Minimum market land area is 10,000 m²not including the area for grounds, roads, parking lots and other ancillary facilities.

- Location: Connected with all types of transportation, convenient for goods circulation.

- Project categories include:

Essential works: Parking lot, water supply and drainage system and wastewater treatment, waste and scrap collection location, toilet area and warehouse, and cargo collection parking lot;

Technical requirements: Fire prevention and fighting, food safety and environmental protection, climate change response according to law;

Main area categories: goods trading area by industry sub-area (including wholesale area and retail area); office area; inspection, control, quarantine area (goods of animal and plant origin exported and imported), traceability and quality management; goods classification and preliminary processing, processing, packaging and packing area; warehouse for goods collection and delivery; service area supporting essential services and goods loading and unloading area for trucks and containers.

Wholesale markets that have been invested in, built and are operating before this Decree takes effect may continue to operate according to the investment project.

People's marketis a market for buying, selling, and exchanging goods produced, grown, and traded by people, common and essential goods serving people's daily needs.

Market classification by size

Class 1 market: The market has over 400 business locations, invested in solid construction according to planning.

Have a market area suitable for the scale of market operations; organize minimum activities such as vehicle parking, public sanitation and other activities.

Second class market:It is a market with 200 to 400 business locations, invested in solid or semi-solid construction according to planning.

Have a market area suitable for the scale of market operations; organize minimum activities such as vehicle parking, public sanitation and other activities.

3rd class market:A market with less than 200 business locations or not yet invested in permanent or semi-permanent construction; has a market area suitable for the scale of market operations; organizes minimum activities such as public sanitation.

Market classification by capital source

The market is invested from the state budget.: Investment in construction, organization of management and business activities at the market shall comply with the provisions of Chapter II and Chapter III of this Decree and relevant legal provisions.

The management, use and exploitation of market infrastructure assets invested and managed by the State shall be implemented according to the provisions of Chapter IV of this Decree.

The market is invested from non-state budget sources (including other legal sources according to the provisions of law):Investment in construction, organization of management and business activities at the market shall comply with the provisions of Chapter II and Chapter III of this Decree and other relevant legal provisions.

Market management organization

Market management organizations include: Market construction investors; enterprises and cooperatives investing in, operating, exploiting and managing markets; organizations assigned to manage market infrastructure assets as prescribed in Clause 1 and Clause 2, Article 15 of this Decree; organizations implementing the exploitation of market infrastructure assets as prescribed in Articles 24 and 25 of this Decree.

Market rules

Market regulations must include the following main contents: Opening hours; rights and obligations of traders doing business at the market; regulations on goods and services traded at the market; regulations on people coming to trade, buy and sell, visit, and perform official duties at the market; regulations on market management officers and employees; fire prevention and fighting safety, natural disaster prevention; security and order at the market; environmental sanitation and food safety...

The Decree clearly states that market regulations must be posted publicly, clearly, in an easy-to-see and easy-to-observe place in the market and must be disseminated to traders doing business at the market.

Organizations and individuals participating in buying, selling and exchanging goods and services in the market and related organizations and individuals must comply with the provisions of law and Market Regulations.

Violations of market regulations will be handled by the market management organization according to its authority.

The Provincial People's Committee issues model regulations to unify the development of market regulations and apply them to all markets in the area.