JavaScript is off. Please enable to view full site.

Ho Chi Minh City waives half of market space rental for local vendors

Wednesday, January 13, 2021, 22:55 GMT+7
Ho Chi Minh City waives half of market space rental for local vendors
A stall displays pork for sale at a market in Ho Chi Minh City. Photo: Quang Dinh / Tuoi Tre

Relevant agencies in Ho Chi Minh City will halve retail rentals for July-December 2020 at traditional markets, a policy expected to provide the much-needed support for local small traders to recover from the COVID-19 slump.

The rental reduction was mentioned in an official document from Nguyen Thanh Phong, chairman of the Ho Chi Minh City People’s Committee, which endorsed the partial waiver of market stall lease in local traditional markets as proposed by the city’s Department of Industry and Trade.

The Department of Industry and Trade is requested to lead the initiative and collaborate with the Department of Finance on instructing district-level authorities to cut 50 percent of market space rentals between July and December 2020 for local vendors.

The rental cut initiative was first put forward by the Department of Industry and Trade in a written proposal to the People’s Committee.

It is to be financed by public budget revenue and funds.

The reduction of stall rent is anticipated to facilitate the recovery of the city’s vendor sector after the implementation of COVID-19 prevention measures, namely the enhanced social distancing mandate, which caused purchasing power at conventional markets to significantly taper off.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News

Read more




Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Latest news