Illustrative image (Photo: VNA) Hanoi (VNA) - Total retail sales and services revenue in Ho ChiMinh City were estimated at 112.77 trillion VND (4.8 billion USD) in Januarythis year, an increase of 11.2 percent compared to the same period last year, according to the municipal Department of Industry and Trade.
Of which, the total retail sales of goods reached 76.24 trillion VND, anincrease of 13.2 percent compared to the same period last year, accounting for67.61 percent of the total retail sales and services revenue, as theconsumption demand of consumers increased heavily due to the festive season,HCM City-based Sai Gon Giai phong reported.
The revenues of products for Tet holidays were fairly high. Particularly, foodand foodstuffs rose by 5.4 percent over the previous month and 13.8 percentyear-on-year; garments edged up 4.4 percent over the previous month and 14.8percent year-on-year; household appliances surged by 7.2 percent over theprevious month and 13.7 percent year-on-year.
Supermarkets, shopping centres, traditional markets, and stores increased goodssupply to meet the buying demand of people before the lunar New Year withpurchasing power increased by about 30 percent compared to normal months,concentrating on sweetmeat and Tet gift baskets. Similarly, the purchasingpower for home interior decor products also climbed swiftly.
Large distribution channels, including Saigon Co.op, Satra, Aeon-Citimart, andBigC, also ran several promotional campaigns, offering discounts from 5 to 49percent on thousands of products, boosting purchasing power in the first monthof this year.
As for import-export activities, the total export turnover of HCM City-basedenterprises at border gates across the country was estimated at more than 3.93billion USD, down 5 percent compared to December last year but up 10.2 percentcompared to the same period last year. The total export turnover of HCM City-basedenterprises via the border gate in the city was estimated at more than 3.92billion USD, an increase of 17.3 percent compared to the same period last year.If excluding crude oil, the figure was estimated at more than 3.73 billion USD,up 19.4 percent over the same period last year.
Among products with higher export turnover, rice saw an increase of 25.1percent; vegetables and fruits 22.6 percent; computers, electronic products,and electronic components 92.6 percent.
The import turnover of HCM City-based enterprises at border gates in the countrywas estimated at more than 4.52 billion USD in January, down 8 percent comparedto December last year but up 10.5 percent compared to the same period lastyear. The import turnover via ports in the city exceeded 4.14 billion USD, down4.1 percent compared to last month but up 17 percent compared to the sameperiod last year.
Ho Chi Minh City is the largest city in Vietnam and the economic hub of the southern region. Accounting for 0.6 percent of Vietnam’s total land area and about 9 percent of the country’s population, it is part of the southern key economic zone, which also comprises Dong Nai, Ba Ria - Vung Tau, Binh Duong, Long An, Tay Ninh and Binh Phuoc provinces. In the southern economic hub, over 3,000 projects across all sectors are supported by foreign capital, while the number of registered enterprises has exceeded 100,000.
In 2019, the city attracted 8.3 billion USD worth of foreign investment, with its labour productivity being nearly three times that of the whole country (299.8 million VND per person, an increase of 6.8 percent over 2018).
The local gross regional domestic product (GRDP) reached more than 1.34 quadrillion VND, an 8.32 percent increase year-on-year.
Before the outbreak of COVID-19, the city set a target of achieving a growth rate of 8.5 percent for GRDP in 2020, with total private investment accounting for 35 percent of GRDP.
This year, HCM City also aims to have 44,000 new businesses, creating 135,000 new jobs./.
Of which, the total retail sales of goods reached 76.24 trillion VND, anincrease of 13.2 percent compared to the same period last year, accounting for67.61 percent of the total retail sales and services revenue, as theconsumption demand of consumers increased heavily due to the festive season,HCM City-based Sai Gon Giai phong reported.
The revenues of products for Tet holidays were fairly high. Particularly, foodand foodstuffs rose by 5.4 percent over the previous month and 13.8 percentyear-on-year; garments edged up 4.4 percent over the previous month and 14.8percent year-on-year; household appliances surged by 7.2 percent over theprevious month and 13.7 percent year-on-year.
Supermarkets, shopping centres, traditional markets, and stores increased goodssupply to meet the buying demand of people before the lunar New Year withpurchasing power increased by about 30 percent compared to normal months,concentrating on sweetmeat and Tet gift baskets. Similarly, the purchasingpower for home interior decor products also climbed swiftly.
Large distribution channels, including Saigon Co.op, Satra, Aeon-Citimart, andBigC, also ran several promotional campaigns, offering discounts from 5 to 49percent on thousands of products, boosting purchasing power in the first monthof this year.
As for import-export activities, the total export turnover of HCM City-basedenterprises at border gates across the country was estimated at more than 3.93billion USD, down 5 percent compared to December last year but up 10.2 percentcompared to the same period last year. The total export turnover of HCM City-basedenterprises via the border gate in the city was estimated at more than 3.92billion USD, an increase of 17.3 percent compared to the same period last year.If excluding crude oil, the figure was estimated at more than 3.73 billion USD,up 19.4 percent over the same period last year.
Among products with higher export turnover, rice saw an increase of 25.1percent; vegetables and fruits 22.6 percent; computers, electronic products,and electronic components 92.6 percent.
The import turnover of HCM City-based enterprises at border gates in the countrywas estimated at more than 4.52 billion USD in January, down 8 percent comparedto December last year but up 10.5 percent compared to the same period lastyear. The import turnover via ports in the city exceeded 4.14 billion USD, down4.1 percent compared to last month but up 17 percent compared to the sameperiod last year.
Ho Chi Minh City is the largest city in Vietnam and the economic hub of the southern region. Accounting for 0.6 percent of Vietnam’s total land area and about 9 percent of the country’s population, it is part of the southern key economic zone, which also comprises Dong Nai, Ba Ria - Vung Tau, Binh Duong, Long An, Tay Ninh and Binh Phuoc provinces. In the southern economic hub, over 3,000 projects across all sectors are supported by foreign capital, while the number of registered enterprises has exceeded 100,000.
In 2019, the city attracted 8.3 billion USD worth of foreign investment, with its labour productivity being nearly three times that of the whole country (299.8 million VND per person, an increase of 6.8 percent over 2018).
The local gross regional domestic product (GRDP) reached more than 1.34 quadrillion VND, an 8.32 percent increase year-on-year.
Before the outbreak of COVID-19, the city set a target of achieving a growth rate of 8.5 percent for GRDP in 2020, with total private investment accounting for 35 percent of GRDP.
This year, HCM City also aims to have 44,000 new businesses, creating 135,000 new jobs./.
VNA
