Nghe An 7 years of investment in building, upgrading and renovating 117 markets

There are currently 405 markets in the province, of which 7 are class 1 markets, 18 are class 2 markets, the rest are class 3 markets and unclassified markets.

Perspective of Tan Ky Commercial Center. Construction started in March 2018, with a total investment of 177 billion VND.

From 2004 to 2010, 85 markets were invested in new construction, upgrading and renovation with a total market investment capital according to the support budget of 91,129 billion VND.

The number of rural markets newly built, upgraded and renovated from 2011 to this year is 117. The total investment capital for market construction is over 200 billion VND, of which the total investment support capital according to Decision 56/2010/QD-UBND is 80.68 billion VND.

In addition, the LIFSAP Nghe An livestock competitiveness and food safety project has upgraded and handed over 41 fresh food sales areas in 41 markets in the province, with a budget of VND 86.8 billion.

According to the assessment of the Department of Industry and Trade, the network of spontaneous markets has long been specifically planned, with focused investment and construction in accordance with the overall planning for trade development of the province and the whole country; attracting the participation of government authorities at all levels and many economic sectors in society in investing in market construction.

In addition to the province's support policies, districts, cities and towns create favorable conditions in administrative procedures for organizations and individuals participating in market construction; many localities and sectors have taken advantage of a number of programs and projects to build markets in the area (such as program 135, new rural construction,...) creating a trend of socialized investment for all economic sectors.

The development and promulgation of guiding documents, policy mechanisms, programs, planning, and specific plans have strengthened the management and exploitation of markets. Budget revenue through markets has increased year by year, contributing to the economic growth of the locality, ensuring that the planning of rural trade infrastructure creates a shift in the economic structure of the region.

However, capital sources to support investment in market construction and renovation from the budget, capital mobilization from traders and economic sectors are still limited.

According to Mr. Phan Duc Thinh - Deputy Head of Trade Management Department, Department of Industry and Trade of the province, the approved market development plan requires 688 billion VND for the 2010 - 2015 period, and 578 billion VND for the 2015 - 2020 period. However, the provincial and central budgets have only been able to allocate about 10 - 15 billion VND/year. Investment capital supported by the budget, mobilized from traders and economic sectors is still limited; although there have been changes in the socialization of market development investment, it is still very modest compared to the development trend. In fact, only markets with commercial advantages are interested in investment by businesses./.