Retail sales of goods, services up 1.7 percent in January – February

The total retail sales of consumer goods and services in the first two months of 2022 posts a year-on-year increase of 1.7 percent. Illustrative image (Photo: VNA)

Hanoi (VNA) - The total retail sales of consumer goods and services in thefirst two months of 2022 posted a year-on-year increase of 1.7 percent, hitting 876 trillion VND (over 38.35 billion USD), according to theGeneral Statistics Office (GSO).

Of which, retail sales of goods expanded by 3.1percent, with significant growth seen in multiplegroups, including cultural and educational items (12.7 percent), food andfoodstuff (9.0 percent), and vehicles (4.3 percent).  Meanwhile, revenue of clothing and household appliances respectively shrank 8.1percent, and 9.1 percent.

Due to increased demand for food on the occasion of the Lunar New Year festival in early February, the prices of food surged at some points of time but then returned to the pre-Tet level. 

Prices of energy and fuel products have also tended to increase following the global price trend.

To stimulate the domestic demand, the GSO suggested that the Ministryof Industry and Trade keep a close watch on fluctuations of the world anddomestic economy, thus rolling out appropriate response solutions.

The Ministry of Industry and Trade should also ask other ministries and sectors to take measures to support businesses, promote disbursementof public investment, stabilise currency and interest rates, and ensureadequate labour serving production and business recovery, the GSO said./. 

VNA