Vietnam yet to open up oil retail market

Hanoi (VNA) - Vietnam is yet to open up its petrol, oil, medicine and print
publication retail markets as of Jan 1, 2009, a senior government official said on
Dec. 14.

Deputy Minister of Industry and Trade Le Danh Vinh told young entrepreneurs at a
dialogue in Hanoi that the steel, cement and fertiliser retail markets will
not open within the next three years.

According to the deputy minister, foreign retailers are required to get permits
from the Ministry of Industry and Trade to open their second sales agents in
Vietnam .

Vietnam is supposed to open up its domestic retail market as of early 2009 as
part of its WTO commitments.-Enditem