HCM CITY (VNS)— The retail market in the south of Viet Nam has reason to be cheerful after x, a seminar in HCM City heard yesterday.
|Consumers shop for fresh fish at a market in HCM City. The total value of goods and services in southern provinces and cities during the first 10 months of this year grew 18.9 per cent over the same period last year. — VNS Photo Doan Tung
It was announced that the value in southern provinces and cities during the first 10 months of this year grew 18.9 per cent over the same period last year. The increase was higher than the national average of 17.1 per cent, with Hau Giang, An Giang, Binh Duong and Long An provinces contributing significantly to the growth.
Ten-month export turnover in the southern region rose by 10.1 per cent year-on-year, and import was up 2.7 per cent, with HCM City and Ba Ria-Vung Tau and Dong Nai provinces taking the lead.
Deputy Minister of Industry and Trade Ho Thi Kim Thoa said that industrial product manufacturing in rural areas was a strong point of localities in this region, but there were some obstacles to finding a consumption market for them, and well considered policies were required to do so.
Nguyen Nguyen Phuong, head of the HCM City Department of Industry and Trade's trade management section, said local businesses were facing difficulties such as weak infrastructure and distribution systems, and added that the imbalance between supply and demand was also putting producers at a disadvantage in front of retailers.
He said that localities should actively develop distribution systems and accelerate investment in quality goods.
Ministry official Do Thi Minh Tam urged the local areas to speed up the progress of industrial stimulation projects and help enterprises improve technologies and enhance production capacities and operation efficiency.
She said that a close observation should be put on business activities, market management and price control should be intensified, and these firms should benefit from preferential Government policies.
Phuong suggested that industrial stimulation should focus on traditional trade villages and specialities.
He also declared that in the near future, HCM City would boost co-operation with southern provinces and cities to supply goods and materials, while seeking good manufacturers to develop the city's distribution system. — VNS