Business

HCM City: retail sales, services revenue up 10.2 percent in H1

Ho Chi Minh City’s total retail sales and services revenue are expected to hit nearly 450 trillion VND (19.8 billion USD) in the first half of 2017, up 10.2 percent from the same period last year.
HCM City: retail sales, services revenue up 10.2 percent in H1 ảnh 1Ho Chi Minh City’s total retail sales and services revenue estimated at 19.8 billion USD in the first half of 2017 - Illustrative photo (Source: VNA
HCM City (VNA) – Ho Chi Minh City’stotal retail sales and services revenue are expected to hit nearly 450 trillionVND (19.8 billion USD) in the first half of 2017, up 10.2 percent from the sameperiod last year.

According to Nguyen Phuong Dong, deputy headof the municipal Department of Industry and Trade, of the total, revenue fromretail is estimated at 291 trillion VND (12.8 billion USD), 64.7 percent of thetotal and up 12.1 percent year-on-year.

During January-June, the Department carriedout measures to stabilise the market and connect businesses and banks, whileimplementing projects to establish an aromatic and chemical business centre,develop the logistics and support industry sector and help enterprises tackledifficulties.

From now until the end of this year, thedepartment will continue measures supporting enterprises, hold a second meetingfor municipal leaders and enterprises and complete industry and supportindustry data to help connect production businesses with distributors, Dongstated.

The department will also speed up theimplementation of the supply-demand linkage programme and the “Vietnamesepeople prioritise using made-in-Vietnam products” campaign, and intensifypromotion activities inside and outside the country.

The trading of counterfeit and low-qualityproducts will also be punished strictly, he added.-VNA
VNA
#Ho Chi Minh City #retail sales #services revenue #first half of 2017 #Department of Industry and Trade #Vietnamplus #Vietnam News Ho Chi Minh City
Follow VietnamPlus

Related News

HCM City wants to tax Facebook retailers

HCM City wants to tax Facebook retailers

HCM City's Department of Taxation has sought a report from its offices by the end of this month on their implementation of its instruction to collect taxes from people selling merchandise on Facebook.
HCM City to focus on four key industries

HCM City to focus on four key industries

Ho Chi Minh City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said DoIT’s deputy director Nguyen Phuong Dong.
Domestic retailers face challenges

Domestic retailers face challenges

Domestic retailers are facing a lot of challenges and losing market share to foreign rivals due to limited capital, scale and governance skills.

See more

Vietnamese Minister of Finance Ngo Van Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, Russia move to boost financial cooperation

On bilateral economic, trade and investment ties, Tuan said two-way trade hit 3.24 billion USD in the first seven months of 2026, up 12% from a year earlier. Vietnam’s exports to Russia totaled 1.33 billion USD, while imports amounted to 1.91 billion USD.

Cai Mep - Thi Vai Port complex in Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City seeks to make seaports new growth driver

To maximise its seaport advantages, Ho Chi Minh City is developing smart and green ports while promoting clean energy, lower emissions and sustainable supply chains. It aims to establish an integrated ecosystem linking seaports with industrial parks, logistics centres, free trade zones, multimodal transport networks and an international financial centre.

Farmers visit the off-season durian orchard of Cao Chi Dai in Vinh Hanh commune, An Giang province (Photo: VNA)

Vietnam promotes finance for green agriculture

Over the past five years, Vietnam has developed and gradually implemented a green finance system to support low-emission and environmentally friendly production, including agriculture. Based on the State Bank of Vietnam's Directive No. 03/CT-NHNN dated March 24, 2015, banks including BIDV, VCB, HDBank and Agribank have introduced green credit packages for waste treatment, high-tech agriculture, digital transformation, regional linkages and emission reduction across production chains.

An overview of the meeting between representatives from Polish businesses and the Agency for Domestic Market Surveillance and Development. (Photo: Agency for Domestic Market Surveillance and Development)

Polish businesses seek suppliers, partners in Vietnam

MAJAMI, a confectionery manufacturer and trader under Sweet House, is seeking distributors for Polish confectionery products in the Vietnamese market. Meanwhile, GABONA, a distributor and wholesaler of professional cosmetics, hair care and make-up products and beauty accessories, is looking for Vietnamese manufacturers of vegan and natural cosmetics.

Kendra Rinas, Chief of Mission for IOM Vietnam speaks at the event. (Photo: VNA)

Vietnam advances in building, using migrant labour data system: workshop

Data presented in the report reflects effective migration governance in recent years. The average recruitment cost paid by migrant workers dropped by 23.8%, from 164.9 million VND (6,400 USD) in 2021 to 125.7 million VND in 2025. Conversely, average first-month earnings abroad rose by 25.4%, increasing from 22.4 million VND to 28.1 million VND.

Workers produce leather shoes for export at Lefaso Tra Vinh Investment and Production Joint Stock Company in Tra Cu commune, Vinh Long province. (Photo: VNA)

Vietnamese exporters pivot to ease pressure from US tariffs

Pressure from the new US tariff policy is prompting Vietnamese exporters to reassess their strategies. Rather than pursuing volume-driven growth, many are shifting towards higher-value orders, tighter cost control, greater productivity and a more balanced allocation of markets to reduce reliance on a single destination.

A worker handles and stacks goods. Nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%. (Photo: VNA)

Firm entry and exits point to continued restructuring pressure

Updates from the National Statistics Office last week showed that nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%.

A Vietnamese business introduces durian cakes to Chinese visitors at the 22nd China-ASEAN Expo (CAEXPO) in 2025. (Photo: VNA)

Vietnam steps up trade, investment promotion at China-ASEAN Expo

According to the CAEXPO Secretariat, Vietnam will once again lease an entire exhibition area of about 3,000sq.m, featuring 170 booths, making it one of the ASEAN countries with the largest exhibition spaces at this year’s event. Nearly 100 Vietnamese businesses have confirmed their participation, including major brands such as Trung Nguyen Group, TH Group, Saigon Coffee and Biti’s.

An overview of the VIFC's Executive Council meeting on September 7 (Photo: VNA)

Six groups of products, services proposed at Vietnam International Financial Centre

Deputy Minister of Finance Nguyen Thi Bich Ngoc said the products and services include investment funds and asset management, asset-backed digital assets, international carbon credits, commodity trading and derivatives infrastructure linked to trade and supply-chain financing, financial technology, and bonds issued at the centre. As these groups are at different stages of readiness, they will be rolled out in phases rather than simultaneously.