Business

Retail sales post significant increase in 9 months

The total retail sale value of goods and services from January to September posted the highest year-on-year increase in 2017, according to the General Statistics Office (GSO).
Retail sales post significant increase in 9 months ảnh 1The total retail sale value of goods and services from January to September posted the highest year-on-year increase in 2017 (Photo: VNA)

Hanoi (VNA) – The total retail sale value of goods and services from January to  September posted the highestyear-on-year increase in 2017, according to the General Statistics Office(GSO).

The latest updates revealed that the total retail sale jumped by 10.5 percentover the same period last year, and 9.2 percent if inflation wasexcluded, with a value touching more than 2.9 quadrillion VND (129.6billion USD).

In comparison, the increases were 8.9 percent in theeight-month and 8.7 percent in the seven-monthperiods, and 8.4 percent in the first half of this year.

The increase in the retail sale of the service sector contributedsignificantly to the country’s gross domestic product (GDP) growth in the firstnine months of this year, even higher than the contribution of thefinance-banking and insurance sector and real estate business, according to GSO.

In the service sector, accommodation and catering services increased by 12 percentto touch 362.5 trillion VND, largely thanks to the improving tourismrevenue.

The retail sales of the goods totalled 2.18 quadrillion VND, up by10.5 percent, in which, food and foodstuff was up by 9.8 percent, householdappliances sales went up 11.3 percent, garment saleswent up 14.9 percent, and the transport means went up24.9 percent.

According to Nguyen Bich Lam, GSO’s General Director, the considerable increasein the retail sale of the service sector demonstrated the transition of Vietnam’seconomic structure.

The country’s GDP grew 6.41 percent from January to September.-VNA
VNA
#retail sales #gross domestic product #GDP growth #General Statistics Office #real estate #finance-banking #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

August retail sales in huge surge

August retail sales in huge surge

Vietnam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent, reported the General Statistics Office (GSO).
Vegetable, fruit exports estimated at 2.64 billion USD

Vegetable, fruit exports estimated at 2.64 billion USD

Exports of fruits and vegetables in the first nine months of the year are estimated at 2.64 billion USD, a year-on-year surge of 44.2 percent, according to the Ministry of Agriculture and Rural Development (MARD).
Nine-month export value grows 19.8 percent

Nine-month export value grows 19.8 percent

Total import-export value was estimated to reach 308.51 billion USD in the first nine months of 2017, up 21.4 percent from last year, according to the General Department of Vietnam Customs.
Nearly 94,000 new firms set up in nine months

Nearly 94,000 new firms set up in nine months

As many as 93,967 new enterprises were set up in the first nine months of this year with total capital of over 902.6 trillion VND (39.7 billion USD), a year-on-year rise of 15.4 percent and 43.5 percent, respectively.

See more

The MoU signing ceremony between the gency for Domestic Market Surveillance and Development and Procter & Gamble (P&G). (Photo: Ministry of Industry and Trade)

Vietnam steps up fight against counterfeits, IP violations

The renewed memorandum between Vietnam's domestic market surveillance force and Procter & Gamble (P&G) is expected to build on the results achieved since 2023, strengthen IP enforcement, safeguard the legitimate rights and interests of businesses and consumers, and contribute to a more transparent and fair business environment.

A Jatropha cultivation area of Star Japan Co., Ltd in My Son commune, Khanh Hoa province (Photo of Star Japan Co., Ltd)

Vietnam – a potential regional supply hub for Jatropha seed oil

Japan’s research on non-edible oil feedstocks showed that Jatropha is highly drought-tolerant and could grow well on wasteland, eroded sandy land and infertile soil. Given this, areas in central Vietnam, including Ninh Thuan, Binh Thuan and the Central Highlands, have climatic, sunlight and soil conditions suitable for achieving high seed yields and oil content.

Officials launch the Expo Platform on September 29. It will be officially put into use on October 20, two days before the opening of HCMC Export 2026. (Photo: VNA)

Technology opens new routes for Vietnamese exports

As global markets impose increasingly stringent requirements on standards, traceability, sustainability and green transformation, digitalising product data and bringing buyers closer to production sites can help Vietnamese businesses demonstrate their capabilities and meet market-specific requirements.

Phuong Dinh Anh, Deputy Chief of the Office of the Central Coordination Office for the National Target Programme, speaks at the event.( VNA)

Turning OCOP products into rural tourism experiences

Experts stressed that rural tourism can develop sustainably only when local communities actively participate and benefit from it. Investment in transport, accommodation and attractions must go hand in hand with clean water, waste treatment, hygiene, traditional craft preservation and environmental protection.

Prime Minister Le Minh Hung and his Cambodian counterpart Hun Manet witness the exchange of cooperation agreements between businesses of the two countries (Photo: VNA)

Vietnam, Cambodia look to elevate economic links

Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

An overview of the meeting (Photo: chinhphu.vn)

Deputy PM calls for tighter price management of essential goods

Deputy PM Thang, who is also head of the committee, urged ministries and agencies to coordinate closely to deliver effective fiscal and macroeconomic policies. The aim is to control inflation, stabilise the macroeconomy, ensure major economic balances, create room to support growth and bolster the economy’s resilience to external shocks.

Khanh Binh International Land Border Gate in An Giang province.( Photo: VNA)

Vietnam-Cambodia trade gathers pace towards 20 billion USD target

After setting a record of more than 11.3 billion USD in 2025, bilateral trade reached about 8.7 billion USD in the first eight months of 2026, up 8.3% year on year. Vietnam is currently Cambodia’s third-largest trading partner, its second-largest source of imports and second-largest export market.

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.

Construction of technical infrastructure facilities serving APEC 2027 in Phu Quoc Special Zone, An Giang province. (Illustrative photo: VNA)

Vietnam enters investment grade credit rating category for first time

Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.