On July 13, 2021, Deputy Prime Minister Le Van Thanh signed Decision No.1163/QD-TTg approving the Strategy "Development of domestic trade in the period to 2030, with a vision to 2045".
The strategy sets out perspectives, goals, orientations, and solutions for domestic trade development to 2030, with a vision to 2045.
With the view of developing the domestic market to become a solid bridge between production and consumption, it plays an important role in orienting and leading domestic production to develop according to market signals, and to bring into play capacity, the endogenous strength of the domestic market…
The strategy sets out the overarching goal: To develop domestic trade in the direction of modernity, civilization, rapid and sustainable growth, to be a solid foundation and fulcrum for domestic production to be increasingly innovated and developed; Building brands of Vietnamese goods, protecting the interests of consumers, domestic manufacturing and trading enterprises, meeting the increasing requirements of socio-economic development, creating a solid premise for participating in deeper integration into the regional and world economy.
Specific goals for the period 2021-2030: The growth rate of value-added of domestic trade will reach about 9-9.5%/year, contributing about 15.0-15.5% to GDP by 2030 country; Total retail sales of consumer goods and services (excluding the price factor) achieved an average growth rate of 13.0-13.5%/year; Retail sales and services at modern retail establishments account for about 38-42% of total retail sales of goods and services for consumption in the whole economy; E-commerce revenue accounts for about 10.5-11%, achieving an average growth rate of about 20-21%/year.
Period 2031-2045: To maintain the growth rate of value-added in domestic trade reaching 8.5-9.0%/year; Total retail sales of goods and consumer services increased on average 12.0-12.5%/year; e-commerce revenue increases by an average of 12-13%/year.
The main orientation for domestic trade development is to continue to improve the domestic business and investment environment; consolidate and establish a market order to adapt to the new context and situation, gradually develop stable and sustainable domestic trade, maintain a higher growth rate of domestic trade than GDP; gradually increase the proportion of domestic trade's contribution to the service sector and the country's GDP.
Develop a variety of methods and forms of domestic commercial organization; effectively organize and operate the systems of supply and distribution of major commodity groups on the market; continue to develop leading domestic enterprises, which are able to lead the market, create spillover effects for satellite enterprises and limit the dependence and domination of foreign enterprises and multinational corporations; To restructure the domestic trade sector in the direction of innovation, creativity and digitization and technology of business methods; strengthen connectivity, participate in supply chains, value chains, global and regional ecosystems.
Developing e-commerce to become the mainstream form of commerce, completing the legal infrastructure to more effectively exploit the digital trend with the development of electronic payment methods and new payment tools without cash; increase investment, develop technology, connect infrastructure, invest in information technology to ensure safety and convenience for consumers in the process of participating in e-commerce transactions.
To build and develop domestic trade infrastructure synchronously, modernly, and sustainably, suitable to the nature and level of development of the market in each locality (regional and national), in each period, meet the needs of domestic goods circulation and export support; focusing on prioritizing the types of a commercial infrastructure that are pervasive and have a significant impact on supporting the circulation of production. In particular, focus on investment and development of commercial infrastructure in rural areas, pay attention to develop essential commercial infrastructure in deep-lying, remote and ethnic minority areas; focusing on forming a complete and highly interconnected system of basic logistics centers, prioritizing the construction of a number of large logistics centers in key economic regions to create impetus for the supply chains of Vietnam.
To develop diversified types of enterprises operating in the field of domestic trade; encourage enterprises, commercial cooperatives, and business households to innovate their operation methods towards modernity and professionalism; continue to support the formation of large corporations and enterprises in the field of distribution (mainly domestic enterprises, including FDI enterprises); focus on solving difficulties, developing and implementing policies to effectively support businesses and entities involved in the production and supply chain of goods, especially agricultural products, to enhance the connection between the production area and the consumer market.
Forming sustainable distribution chains of products made in Vietnam; promote linkages in the supply chain in association with the good implementation of regulations on quality, food safety, and traceability; develop a supply chain of eco-friendly, eco-labeled products.
Improve the quality of human resources in the field of domestic trade in the direction of professionalism, to meet the increasing requirements of the process of economic and commercial development in the country and integration with international trade; comprehensively renovate trade promotion activities, step up investment in infrastructure development to serve domestic trade promotion activities; strengthen the implementation of investment mechanisms and policies in parallel with changing methods, selecting appropriate trade promotion tools and measures to ensure the right audience, achieving objectives and high efficiency.
To renovate the State management of domestic trade in the direction of respecting the operating rules of the market; strengthen the work of ensuring order and stabilizing the market, proactively organize and strictly enforce the provisions of the law in the field of anti-dumping, control smuggling, trade frauds, market domination behavior, restricting competition and unfair competition, violating the interests of consumers; develop and improve measures to protect the domestic market, including tools and solutions to intervene and promptly handle market spikes, protect products and domestic distributors as well as consumers in accordance with international commitments.
In addition, the Strategy also sets out tasks and solutions to develop the domestic market, including Perfecting institutions and policies, improving the business investment environment, and managing commercial activities according to international commitments. Increasing domestic final consumer demand, developing distribution businesses, linking circulation with production, promoting linkages in product and goods supply chains; Development of commercial infrastructure system; Developing e-commerce, types of commerce based on digital platforms. Developing and improving the quality of human resources. Promote information, communication, and provision of market trend forecasting information to support enterprises to promptly respond to adverse market fluctuations. Promote the application of science and technology for domestic commercial development; Renovate and strengthen the state management, improve the efficiency of law enforcement on commercial activities in the domestic market; Raise awareness and promote environmental protection in commercial activities./.
Do Thi Bich Thuy
Department of Information, Library and Trade Promotion - VIOIT