Vietnam plans to convert 7,000 traditional markets into modern retail outlets
Vietnam’s Ministry of Industry and Trade is preparing a proposal to convert nearly 7,000 traditional markets into convenience stores and modern shopping centers as part of a national plan to upgrade the retail sector, a senior official said on Monday.
Tran Huu Linh, director general of the Market Surveillance Agency under the Vietnamese Ministry of Industry and Trade, speaks at the opening of a new GO! Thang Long shopping center in Hanoi, December 1, 2025. Photo: T. Huong
Tran Huu Linh, director general of the trade ministry’s Market Surveillance Agency, said modern commercial infrastructure is a strategic priority under the retail development strategy approved by the prime minister for 2030.
The plan calls for converting about 7,000 traditional markets into modern retail outlets.
Linh spoke at the opening of a new GO! Thang Long shopping center in Hanoi operated by Central Retail Vietnam that cost VND650 billion (US$24.64 million).
He said the ministry expects modern retail to play a larger role as Vietnam’s domestic market continues to expand.
Hanoi’s industry and trade department said the city is also accelerating retail expansion and consumption-boosting measures to support its 2025 growth target of more than eight percent.
Bao Anh - Ngoc An / Tuoi Tre News
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