Wednesday, February 26 2020


Quảng Ngãi Market becomes operational

Update: December, 06/2016 - 19:00
The temporary market on Phạm Văn Đồng Street in central Quảng Ngãi Province, where traders do their business while they wait to be relocated to the new market. -- Photo
Viet Nam News

QUẢNG NGÃI - The People’s Committee of central Quảng Ngãi Province has begun relocating all traders from the temporary market on Phạm Văn Đồng Street to the newly-built market on Nguyễn Nghiêm Road.

The relocation is on from today until December 11.
The newly-constructed Quảng Ngãi Market has been built in the old market place in a 13,300sq.m. area with 1,617 kiosks. Total investment capital was more than VNĐ260 billion (US$11.4 million) from the provincial state budget and other mobilised funds.
The committee has allocated 775 kiosks to traders who owned a usage certificate for kiosks in the old market and 37 kiosks for those who signed contract to hire kiosks on a monthly basis.
By November 30, 171 kiosks had been bid for. The highest bid to hire a kiosk in the new market was VNĐ178,000 ($7.12) per sq.m per month and the lowest was VNĐ110,000 ($4.4) per sq.m per month.
As planned, 454 traders who sold dry goods in the second floor of the new market will be allocated kiosks between December 6-8, 316 traders on the first floor will be allocated space between December 9-11 and traders who sold fresh goods will be allocated kiosks in the raw food area between December 12-18.
The temporary market will be returned to Thiên Tân Company, a local company, according to the provincial committee’s decision. 
Quảng Ngãi Market began construction in 2014 after a huge fire broke out in the old market in 2012, destroying the entire market, which had a large number of kiosks, including those selling fabric, garments, cosmetics, cake and candy. There were no reports of casualties, but total loss was estimated at some VNĐ200 billion ($9.6 million at that time). -- VNS

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