Authorities will only allow building new markets to replace those that have been demolished or re-allocated. 

Also, several current markets are set to undergo repairs and renovations, while those of historical and cultural values are to be preserved, such as Ben Thanh, Binh Tay, Ba Chieu, and An Dong markets, to meet the demands from consumers, along with assisting in the development of tourism.

Further, the city government will conduct inspections and select those markets operating ineffectively, which cover between 800 square meters or larger, to plan for their being upgraded and converted into modern shopping outlets funded by private capital.

Regarding markets located in outlying districts, such as Hoc Mon, Nha Be, Cu Chi, and Binh Chanh, they are projected to undergo renovations or be rebuilt to meet the needs of local residents.

Meanwhile, the three wholesale markets, Binh Dien, Thu Duc, and Hoc Mon, will be enlarged and gradually converted to centers for purchasing farm produce and import-export foods, to become tourist attractions in the South.

Also, the Department of Industry and Trade has received approval from the municipal People’s Committee to issue service fees for using certain sections at traditional markets in the city. 

The suggested monthly fee will not exceed VND200,000 per square meter, applied to markets built by using the State budget, while the fee of markets financed from private capital might be higher, but no more than VND400,000 for each square meter per month.

SGT