Once one of the bustling business markets, today, the Go - Duc Vien market and Mo market (Hai Ba Trung district) cannot avoid a sluggish business situation. Many traders here have to cut staff, limit import, even close their doors, and return kiosks in large numbers.
According to Lao Dong reporters, located at the intersection of Pho Hue - Tran Xuan Soan - Tran Nhan Tong, many stalls at Gio - Duc Vien market (Hai Ba Trung district, Hanoi) have recently been deserted by customers.
Many traders said that because there are few customers coming here on weekdays, the stalls are only open in the afternoon or on weekends.
The average rental price here is from 10 - 15 million VND/month. To make a profit, you have to earn 1 million VND per day to open a bank. Although many stalls here are hanging signs, they have not found tenants for the past few months.
Also falling into a state of disrepair, Ms. Nguyen Thi Hien (name of the character requesting the change, doing business at Mo market, Hai Ba Trung district) informed that since the newly built market had to go underground to do business since 2014, the market has been increasingly deserted.
Even many traders, even though they have kiosks at the market, still close their doors all year round, covered with tarpaulins.
According to the Vietnam Retailers Association, currently, the supply at the unit market and traditional markets still accounts for 60% of people's consumption of goods.
To restore attraction, many opinions say that, in addition to changes from the traders themselves, supported by the State in investing in upgrading infrastructure, the traditional market model in Hanoi also needs to be improved in utilities to increase competitiveness; constantly improve security, order, food safety, environmental sanitation...
According to Mr. Vu Vinh Phu - former Deputy Director of the Department of Commerce, former Chairman of the Hanoi Supermarket Association, the relevant departments and branches need to support traditional markets in developing unique and suitable products to attract consumers and tourists to spend money to shop.
"For example, Dong Xuan market needs to study the application of regional specialties and OCOP products to serve the consumption and shopping needs of people and tourists..." - Mr. Phu commented.
