What is a Wholesale Market?
Pursuant to Clause 2, Article 2 of Decree No. 02/2003/ND-CP on market development and management:
A wholesale market is a market that primarily plays a role in attracting and concentrating a large volume of goods from production and business sources within the economic area or from specific sectors to continue distributing to other markets and distribution channels.
Additionally, the editorial board provides you with further information on other terms such as:
- A permanent market is a market constructed to ensure a usage duration of over 10 years.
- A semi-permanent market is a market constructed to ensure a usage duration from 5 to 10 years.
The above content pertains to regulations on wholesale markets. To better understand this issue, you should refer to Decree No. 02/2003/ND-CP.
Sincerely!
