Business

Eight-month revenue from retail, services up 19.3%

Total revenue from goods retail and services in the January-August period increased by 19.3% year on year to over 3.679 quadrillion VND (156.8 billion USD), which is a high growth rate for the period in many years, according to the General Statistics Office (GSO).
Eight-month revenue from retail, services up 19.3% ảnh 1Total revenue from goods retail and services in the January-August period increased by 19.3% year on year to over 3.679 quadrillion VND (156.8 billion USD). (Photo: VNA)
Hanoi (VNA) – Total revenue from goods retail and services in theJanuary-August period increased by 19.3% year on year to over 3.679 quadrillionVND (156.8 billion USD), which is a high growth rate for the period in manyyears, according to the General Statistics Office (GSO).

Of the figure, goods retail revenue was estimated at 2.925 quadrillion VND, arise of 15.4% from the same period last year.
Retailrevenue of cultural, education products surged 26.7%, garment 14.4%, food andfoodstuff 12% and home appliances and tools 7.6%.

Localities recording high growth in goods retail revenue included Khanh Hoa(27.8%), Ho Chi Minh City (18.2%), Binh Duong (16.6%), Hai Phong (12.8%), QuangNinh (12.2%), and Hanoi (10.7%).

Meanwhile, revenue from accommodation and eating out services inthe period picked up 48.1% year on year to 377.8 trillion VND thanks to rocketingdemand for entertainment and tourism in summer after more than two years oftravel and going-out restrictions prompted by the COVID-19 pandemic.

Can Tho posted a 95.5% rise in this type of revenue, Da Nang 84%, HCM City76.3%, Quang Ninh 72%, and Hanoi 65.2%.

The 8-month travelling and tourism revenue was estimated at 15.4trillion VND, up 3.4 times from the same period last year, but equal to only47.7% of the same period in 2019.

Revenue from other services came to 361 trillion VND, up 24.2% year on year.

To stimulate consumption, the GSO suggested the Ministry of Industry and Trade closelymonitor developments in the domestic and world economy and proactively propose suitableresponse measures. The ministry should also coordinate with relevant ministriesand agencies to guide enterprises in better optimizing signed free tradeagreements, including the RCEP./.
VNA
#revenue #goods retail and services #General Statistics Office #going-out restrictions #COVID-19 #VietnamPlus #Vietnam news
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