BY 2030, THE AVERAGE GROWTH RATE OF TOTAL RETAIL SALES OF CONSUMER GOODS IS 13.0 - 13.5%/YEAR
The Decision No. 1163/QD-TTg approving the domestic trade development Strategy through 2030, with a vision towards 2045 is promulgated by the Prime Minister on July 13, 2021.
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.
