Decree 60/2024/ND-CP: New Regulations on Market Development and Management Effective from August 1, 2024.
On June 5, 2024, the Government of Vietnam issued Decree 60/2024/ND-CP on the development and management of markets.
What are the methods of classifying markets?
According to Article 4 of Decree 60/2024/ND-CP, markets are classified according to the following methods:
(1) Classification by business method
- A wholesale market is a market concentrating goods from production and business sources for distribution to other markets and distribution, circulation channels, meeting the following criteria:
+ Scale (area): The minimum ground area for the market is 10,000 m², excluding the area for green space, pathways, parking lots, and other auxiliary works.
+ Location: Connections to various types of transportation, facilitating the circulation of goods.
+ Categories of works include:
++ Essential works: Parking lots, water supply and waste water treatment systems, waste collection points, restrooms, and warehouses, goods collection yards;
++ Technical requirement items: Fire prevention and fighting, food safety, and environmental protection, climate change response as prescribed by law;
++ Key area items: Business areas for goods by each commodity sector (including wholesale and retail areas); office headquarters; inspection, control, quarantine areas (goods of animal and plant origin being exported, imported), traceability and quality management; sorting, preliminary processing, processing, packaging of goods; collection and delivery warehouses; essential service support areas and loading, unloading areas for trucks and containers.
+ For wholesale markets that have been invested, built, and are operating before Decree 60/2024/ND-CP takes effect, they may continue to operate according to the investment project.
- A residential market is a market for buying, selling, exchanging goods produced and cultivated by local people and for business in common and essential goods that serve the daily needs of the people.
(2) Classification by scale
- Grade 1 market:
+ A market with over 400 business points, solidly built under the planning;
+ The market area is appropriate for the scale of market operations; organizing basic activities such as parking, public sanitation, and other activities.
- Grade 2 market:
+ A market with 200 to 400 business points, solidly or semi-solidly built under the planning;
+ The market area is appropriate for the scale of market operations; organizing basic activities such as parking, public sanitation, and other activities.
- Grade 3 market:
+ A market with less than 200 business points or not solidly or semi-solidly built;
+ The market area is appropriate for the scale of market operations; organizing basic activities such as public sanitation.
(3) Classification by capital source
- Markets invested from the state budget:
+ The investment in construction, organization of management, and business activities at the market are implemented according to the provisions in Chapter II, Chapter III of Decree 60/2024/ND-CP and related legal regulations;
+ The management, use, and exploitation of the market infrastructure assets invested and managed by the State are implemented according to the provisions in Chapter IV of Decree 60/2024/ND-CP.
- Markets invested from non-state budget sources (including other lawful sources as prescribed by law):
+ Investment in construction, organization of management, and business activities at the market are carried out according to the provisions in Chapter II, Chapter III of Decree 60/2024/ND-CP and related legal regulations.
Thus, Decree 60/2024/ND-CP classifies markets according to 3 methods: business, scale, and capital source.
New Decree 60/2024/ND-CP on the development and management of markets effective from August 1, 2024
Which organizations manage markets?
According to Article 8 of Decree 60/2024/ND-CP, market management includes the following organizations:
- Investors in market construction; enterprises, cooperatives investing, doing business, exploiting, and managing markets;
- Organizations assigned to manage market infrastructure assets according to the provisions in Clauses 1 and 2 of Article 15 of Decree 60/2024/ND-CP;
- Organizations implementing the exploitation of market infrastructure assets according to the provisions in Articles 24, 25 of Decree 60/2024/ND-CP.
What are the contents of market regulations?
According to Clause 1 of Article 10 of Decree 60/2024/ND-CP, the contents of market regulations include:
- Opening hours;
- Rights and obligations of merchants doing business in the market;
- Regulations on goods and services business in the market;
- Regulations on people coming for transactions, buying, selling, visiting, performing official duties in the market;
- Regulations for market management officers and staff;
- Fire safety, disaster prevention;
- Security and order in the market;
- Environmental sanitation and food safety;
- Civilized trading in the market, code of conduct;
- Requirements for organizing and participating in cultural and social activities in the market;
- Regulations on handling violations in the market;
- Other regulations.
Note:
- Market regulations must be publicly posted, clearly, in an easily visible and observable place within the market and must be disseminated to merchants doing business in the market;
- Organizations and individuals participating in buying, selling, exchanging goods, services in the market and related organizations and individuals must comply with the law and market regulations.
- Violations of market regulations are handled by the market management organization according to their authority.
- The provincial People's Committee issues a standard market regulation to unify the development of market regulations and apply to all markets in the area.
Decree 60/2024/ND-CP is effective from August 1, 2024.
LawNet