On June 7, vendors at Vinh’s largest market in Nghe An province reopened their businesses. However, despite the weekend, the number of customers was not high.
According to the Vinh Market Management Board, about 90% of the households in the main market have resumed their business. “As soon as we learned that the vendors had closed their shops, the Management Board began encouraging and persuading people to reopen to avoid disrupting the supply chain. We also guided the households to prepare the necessary documents, invoices, and price listings to be ready for inspections,” said a representative from the Vinh Market Management Board.
With few customers, vendors chat to pass the time.
The prolonged closure over the past week has significantly impacted trade activities in Vinh City and disrupted the region’s supply chain.
“After a period of business suspension, we had to reopen as this is our main source of income for our families. We hope that the authorities will consider reducing taxes as we have faced difficulties in our businesses in recent years,” shared a vendor.
Some kiosks remain closed due to previously unprofitable operations.
Regarding the vendors’ decision to close their businesses last week, the People’s Committee of Vinh City held a meeting in early June with the participation of the Department of Industry and Trade, the Vinh Market Management Board, the People’s Committee of Vinh Tan Ward, and relevant units. Regarding the vendors’ concerns about the service fees for stalls, Vinh City has instructed the Vinh Market Management Board to review the locations of the stalls, conduct surveys, and collect feedback from the vendors to report to the Department of Industry and Trade and other authorities.
Mr. Tran Quang Lam, Vice Chairman of the People’s Committee of Vinh City, said, “Immediately after learning about the simultaneous closure of shops in Vinh Market, we instructed the units to strengthen propaganda and asked the vendors to prepare invoices and price listings to feel secure in doing business. In fact, in recent years, traditional markets have faced difficulties due to competition from supermarkets and online shopping. Therefore, setting new service prices needs to balance the interests of the State and the people, ensuring that they are realistic and still guarantee budget revenue.”
“May 2025: Over 111,600 Businesses Exit the Market, Matching the Number of New and Returning Enterprises”
The market witnessed a significant shake-up in the first five months, with approximately 111.6 thousand businesses exiting – a figure almost mirrored by the number of new businesses entering the fray or returning to activity, totaling 111.8 thousand.
Unlocking Policy Breakthroughs: A Comprehensive Approach to Balancing Supply and Demand.
“Policies often tend to focus on the ‘supply side’, offering businesses support in terms of capital, technology, and resources. However, the ‘demand side’, which is the market where businesses and consumers interact, has not received the attention it deserves.”
“Sudden Spike in Rental Rates Leaves Hundreds of Market Vendors Struggling”
Hundreds of traders at Dien Nam Trung market in Quang Nam are reeling from the enterprise’s decision to increase rental fees.
FPT, Vietjet to Attend Vietnam-France Leadership Forum during President Macron’s Visit to Vietnam
On May 26, coinciding with the state visit of French President Emmanuel Macron to Vietnam, leading businesses and corporations from both nations convened at the Vietnam-France Leadership Forum in Hanoi.
“FPT Chairman Truong Gia Binh Proposes “Co-existence” Strategy with French Businesses”
The Vietnam-France Leadership Forum was proudly co-chaired by Mr. Truong Gia Binh, Chairman of FPT, and Mr. Benoit Clocheret, CEO of Artelia Group.
