HCM City: retail sales, services revenue up 10.2% in H1
Ho Chi Minh City’s total retail sales and services revenue are expected to hit nearly VND450 trillion (US$19.8 billion) in the first half of 2017, up 10.2% from the same period last year.
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According to Nguyen Phuong Dong, deputy head of the municipal Department of Industry and Trade, of the total, revenue from retail is estimated at VND291 trillion (US$12.8 billion), 64.7% of the total and up 12.1% year-on-year.
During January-June, the Department carried out measures to stabilise the market and connect businesses and banks, while implementing projects to establish an aromatic and chemical business centre, develop the logistics and support industry sector and help enterprises tackle difficulties.
From now until the end of this year, the department will continue measures supporting enterprises, hold a second meeting for municipal leaders and enterprises and complete industry and support industry data to help connect production businesses with distributors, Dong stated.
The department will also speed up the implementation of the supply-demand linkage programme and the “Vietnamese people prioritise using made-in-Vietnam products” campaign, and intensify promotion activities inside and outside the country.
The trading of counterfeit and low-quality products will also be punished strictly, he added.
