National retail trade sales see increase in January
The total revenue from retail trade and services saw a year-on-year rise of 10 percent, to 15 billion USD in January, according to the General Statistics Office (GSO).
Illustrative image (Photo: congan.com.vn)Hanoi (VNA) - The total revenue from retail trade and services saw a year-on-year rise of 10 percent, to 15 billion USD in January, according to the General Statistics Office (GSO).
Excluding inflation, the amount marked a yearly increase of 6.7 percent, GSO said.
Vu Manh Ha, a GSO statistician, attributed the strong growth in January’s retail trade to stable prices despite local people’s high consumption power in preparation for the Tet holiday and supermarkets’ sufficient sources of consumer goods for the country’s biggest festival.
Retail sales of goods, which accounted for more than three fourths of total sales, reached 11.5 billion USD in January, surging 6.5 percent against the previous month and 11 percent against the same period last year.
Several sectors recording a positive revenue increase included food and foodstuffs (up 13 percent); textile and garments (up 11.5 percent); transport services (up 11.2 percent) and home appliances (up 7.8 percent).
Meanwhile, retail sales in accommodation, restaurant and catering services, which made up 11.3 percent of the total, topped more than 1.64 billion USD, representing a modest yearly rise of 3 percent.
Some localities that posted encouraging accommodation, restaurant and catering retail sale growth included Ba Ria- Vung Tau with 12 percent, Thanh Hoa (8.6 percent); Kien Giang (7.4 percent); Hanoi (5.7 percent) and Da Nang (5.2 percent). Several others, however, witnessed a sales reduction, such as Quang Binh, down by 12.4 percent and HCM City and Nam Dinh, down by 5.3 percent.
In the first month of this year, revenue from tourism services also saw significant growth of 30.7 percent to 155 million USD with some provinces and cities recording strong growth, such as HCM City and Ba Ria – Vung Tau (33 percent) and Quang Ninh (23 percent).
The reviewed strong increase was attributable to seasonal factors and a growing tendency of Vietnamese travelling abroad during the Tet holiday, GSO noted.
The sales of other services during the month reached over 1.67 billion USD, a hike of 9.3 percent compared to a year ago.-VNA
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
