Seven-month goods retail sales, service revenue up 10.4%

Goods retail sales are estimated at nearly 2.78 quadrillion VND during the first seven months of 2023. (Photo: VNA)

Hanoi (VNA) – Total retail sales of consumer goods and services have increased 10.4% year on year toalmost 3.53 quadrillion VND (149 billion USD) in the first seven months of 2023,compared to a rise of 15.7% during the same period of 2022, reported theGeneral Statistics Office (GSO).

Excluding the price factor, theseven-month sales climbed 9.6%, compared to the growth of 11.7%during the same period last year.

Goods retail sales are estimated atnearly 2.78 quadrillion VND during the period, accounting for 78.7% of the totaland rising 9% from a year earlier. In particular, retail sales of food went up12.9%, cultural and educational products 10.1%, apparel 8.8%, household toolsand equipment 3.6%, and vehicles (except for automobiles) 1.7%.

Meanwhile, accommodation andrestaurant services generated about 377.3 trillion VND in revenue, making up10.7% of the total and rising 16.3%.

The seven-month tourism revenue rose 53.6% year on year to 18.6 trillion VND. (Photo: VNA)

Tourism revenue soared 53.6% to 18.6trillion VND, as July was the peak month of summertourism. Some localities have recorded surges in seven-month tourism revenue suchas Da Nang 99.7%, Hanoi 89.7%, Quang Ninh 82.5%, Khanh Hoa 75.1%, Hai Phong68.1%, Ho Chi Minh City 43.5%, Can Tho 33.4%, and Binh Duong 21.3%.

Earnings from other services stood at356.2 trillion VND, equivalent to 10.1% and up 13.8% year on year.

July witnessed vibrant retailing andservices, especially tourism, theGSO said, elaborating that retail sales and consumer service revenue totalled 512.2trillion VND, up 1.1% month on month and 7.1% year on year./.

VNA