Illustrative image (Photo: VNA) Hanoi (VNA) – Domestic consumption continued to growin five months of this year thanks to abundant supply, said the Ministry ofIndustry and Trade (MoIT)’s Domestic Market Department.
The total retail of goods and services reached over 403.8trillion VND (17.5 billion USD) in May, up 1.9 percent month-on-month and 11.4percent annually. On a five-month calculation, the figure hit more than 1.98quadrillion VND, up 11.6 percent year-on-year.
Due to the long April 30 and May 5 holiday, revenue from accommodationand dining services stood at 236 trillion VND, accounting for 11.9 percent ofthe total and up 9.2 percent from the same period last year.
Trade experts forecast that political factors and tradetension between major countries will continue affecting key commodity market,apart from fluctuation in petrol prices and slight increase in several farmproduce.
In the near future, the MoIT will step up domestic tradepromotion programmes to boost consumption, especially in remote and mountainousareas, and bring goods to rural, border and island areas.
It will also closely track domestic supply and demand,especially key commodities.-VNA
The total retail of goods and services reached over 403.8trillion VND (17.5 billion USD) in May, up 1.9 percent month-on-month and 11.4percent annually. On a five-month calculation, the figure hit more than 1.98quadrillion VND, up 11.6 percent year-on-year.
Due to the long April 30 and May 5 holiday, revenue from accommodationand dining services stood at 236 trillion VND, accounting for 11.9 percent ofthe total and up 9.2 percent from the same period last year.
Trade experts forecast that political factors and tradetension between major countries will continue affecting key commodity market,apart from fluctuation in petrol prices and slight increase in several farmproduce.
In the near future, the MoIT will step up domestic tradepromotion programmes to boost consumption, especially in remote and mountainousareas, and bring goods to rural, border and island areas.
It will also closely track domestic supply and demand,especially key commodities.-VNA
VNA
