Retail sales of goods, services fall 8.7 percent in 11 months

Illustrative photo. (Source: VNA)

Hanoi (VNA) – Total retail sales of goods and services plunged 8.7 percent year-on-year to nearly 4.13 trillion VND in the first 11 months of this year, the latest report by the General Statistics Office (GSO) shows.

In November alone, the total retail sales of goods and services picked up 6.2 percent month-on-month thanks to the resumption of business and services activities after months-long restrictions placed to curb the spread of COVID-19.  However, the figure declined 12.2 percent compared to the same period last year.

During the 11-month period, retail revenue of food and foodstuffs edged up 4.9 percent year-on-year, while that of clothing shrank 12.4 percent, household appliances 11.4 percent, cultural and education products 10.7 percent, and vehicles 6 percent.

HCM City experienced the largest fall of 24.8 percent in retail sales of goods from January to November, followed by Khanh Hoa (15.3 percent) and Hai Phong (8.5 percent). The southern hub also recorded the biggest contraction of 45.5 percent in revenue from lodging and catering services, followed by Binh Duong (24.8 percent) and Thua-Thien Hue (21.8 percent).

Tourism and travel services in the coastal province of Khanh Hoa was hit the hardest by COVID-19 impacts with revenue nosediving by 88.3 percent, followed by Thua-Thien Hue (81.4 percent) and Quang Nam (81.2 percent)./.

VNA