What is a Specialized Market?

According to the provisions of Clause 6, Article 2 of Decree 02/2003/ND-CP on market development and management: (This clause is supplemented by Clause 1, Article 1 of Decree 114/2009/ND-CP)

A specialized market is a market that specializes in trading a specific category or a number of categories that have their unique characteristics and nature.

Additionally, the Editorial Board provides you with more information about other terms as follows:

- A general market is a market that trades in multiple categories.

- A local market is a type 3 market (managed by communes or wards) that trades in common and essential goods to serve the daily lives of people.

The above is the content of regulations regarding specialized markets. To understand this matter more clearly, you should refer to Decree 02/2003/ND-CP.

Sincerely!