Vietnam’s retail sales and service revenue is estimated at 701.4 trillion VND (33.4 billion USD) in the first quarter of 2014, a year-on-year increase of 10.2 percent.

The figure made the retail and services group among those sectors with highest growth rates in the Q1, according to the General Statistics Office.

Up to 607.9 trillion VND (28.9 billion USD), equivalent to 86.7 percent, was contributed by the non-State sector.

Meanwhile, 68 trillion VND (3.2 billion USD), or 9.7 percent, came from the State-owned sector. The remaining 25.5 trillion VND (1.2 billion USD) was from the foreign invested sector.

In March alone, retail sales and service revenue stood at 233.1 trillion VND (11.1 billion USD), representing respective monthly and yearly rises of 2 percent and 10.1 percent.-VNA