Decision 1163/QD-TTg 2021 domestic trade development Strategy through 2030
By 2030, the average growth rate of total retail sales of consumer goods is 13.0 - 13.5%/year
According to this Decision, objectives of domestic trade development include: The added value of domestic trade will achieve an average growth rate of about 9.0 - 9.5%/year; by 2030, it will contribute about 15.0 - 15.5% to the country’s GDP; Total retail sales of consumer goods and services will achieve an average growth rate of 13.0 - 13.5%/year; by 2030; The revenue exchanged through e-commerce will account for about 10.5 - 11% of the total retail sales of consumer goods and services of the whole economy; etc.
Besides, key tasks and solutions to develop domestic trade shall be as follows: Completing institutions, policies, improving business and investment environment, and managing trading activities in accordance with international commitments; Increasing domestic final consumer demand, developing distribution enterprises, linking circulation with production; Developing e-commerce and types of commerce based on digital platforms; etc.
This Decision takes effect on the signing date.
For further details of the Decision 1163/QD-TTg, Click here
translation of the Official Gazette of the Vietnam News Agency
THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, July 13, 2021
Approving the domestic trade development Strategy through 2030, with a vision towards 2045
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;
Pursuant to the Commercial Law dated May 14, 2005;
Pursuant to the Law on Foreign Trade Management dated June 12, 2017;
Pursuant to the Government’s Decree No. 98/2017/ND-CP dated August 18, 2017, on defining the functions, tasks, powers and organizational structure of the Ministry of Industry and Trade;
Pursuant to the Government’s Resolution No. 76/NQ-CP dated September 03, 2016, on the Government’s regular meeting in August 2016;
Pursuant to the Government’s Resolution No. 69/NQ-CP dated September 13, 2019, on the Government’s regular meeting in August 2019;
Pursuant to the Government’s Resolution No. 01/NQ-CP dated January 01, 2020, on key tasks and solutions to implement the Plan on socio-economic development and the state budget estimates in 2020;
At the proposal of the Minister of Industry and Trade,
Article 1. To approve the domestic trade development Strategy through 2030, with a vision towards 2045 (hereinafter referred to as the Strategy) with key contents as follows:
I. VIEWPOINTS ON DOMESTIC TRADE DEVELOPMENT THROUGH 2030, WITH A VISION TOWARDS 2045
1. To develop domestic trade to become a solid bridge between production and consumption, which plays an important role in orienting and leading domestic production to develop according to market signals, promoting capacity and endogenous strength of the domestic market.
2. The development of domestic trade must be in compliance with objective rules of the market economy and international integration commitments. The State plays a role in orienting, developing and improving institutions with a modernized-orientation, creating favorable, stable, transparent, healthy and fair competition environment for domestic trade development, ensuring the self-control and freedom in trading of involved entities.
3. The development of domestic trade must be fast and in-depth, coupled with investment efficiency, associated with the scale and level of development of domestic production and consumption, in line with the socio-economic development strategy in each period and the process of integration with the international economy of our country. To focus on improving reputation regarding products and developing Vietnamese brands; constantly promote the internal strength of the domestic market, consider it as the basis for active, proactive and effective integration with the regional and international markets.