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Province to upgrade markets

Update: September, 05/2012 - 09:57

 

A woman buys poultry at a traditional market in the southern province of Soc Trang. The province will invest over $101 million to upgrade its market system through 2020. — VNA/VNS Photo Hoang Hai
SOC TRANG — The People's Committee of southern Soc Trang Province has approved a plan worth over VND2.1 trillion (US$101 million) to build a market system by 2020.

The move aims to better meet demand for production and consumption in the province. Under the plan signed by the committee's chairman Nguyen Trung Hieu, investment capital includes VND250 billion ($12 million) funded by both national and provincial budgets. Local companies would provide the rest of the necessary capital.

The province will have two wholesale farm-produce markets in Ke Sach District; two wholesale fruit markets in Soc Trang City and Vinh Chau Township, and 23 markets in all districts of the province.

In addition, 14 trade centres and five supermarkets will be built. The retail and service turnover is set to reach VND117 trillion ($5.6 billion) each year since 2020, three times higher than now. — VNS

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