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Economy

Domestic trade to grow at 8-9% a year: MoIT

The People’s Deputies

Measures have been taken to boost domestic trade to maintain an 8-9% growth rate per year, according to the Ministry of Industry and Trade (MoIT).

Domestic trade to grow at 8-9% a year: MoIT -0
Agricultural products on display at a trade promotional event held last year in the central province of Khanh Hoa. (Photo: VNA)

(VNS/VNA) The ministry said there is still untapped potential in the domestic market as the country's population reaches the 100 million mark.

To realise this potential, the MoIT said businesses must invest in developing commercial platforms, especially digital sales channels.

The government has been reviewing current regulations to help streamline trade activities across the country's many regions. According to the ministry, a top priority is improving connectivity and collaboration between Vietnam's major production centres.

The ministry called for greater trade support for domestic businesses, especially small-to-medium-sized businesses, household businesses and cooperatives, saying they are in dire need of guidance and financial capital in setting up their sales and distribution channels.

Nguyen Linh Chi

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