Domestic goods market enjoys stable growth
Total retail sales of goods and services in October hit 295.35 trillion VND (about 13.2 billion USD), up 0.9 percent against the previous year and representing a year-on-year increase of 9.3 percent.
Illustrative image (Source: VNA)The amount lifted the total value of retail sales of goods and services in the first ten months of this year to 2.9 quadrillion VND (103.5 billion USD).
The domestic market’s stability was attributable to the slight decline in prices of several groups of commodities such as some types of fuels and construction materials, food and foodstuff.
In the remaining months of the year, the Ministry of Industry and Trade will continue keeping close watch on movements of the domestic market, and coordinate with relevant sectors to keep consumer price index (CPI) at below 5 percent.
Measures will be taken to balance the supply and demand of essential commodities, aiming to avoid price hike.
Additionally, trade promotion activities will be enhanced to introduce domestic products, especially agro-aquaculture products, to more distributors, thus expanding domestic market and fostering export.
Efforts will be intensified to foster links between agro-aquaculture producers and distributors, towards stepping up large-scale production.
The ministry will also work to devise measures to strictly manage activities of farm produce traders, including foreigners operating in Vietnam.-VNA
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