Retail revenue high in first seven months
Apart from impressive growth of industrial production index, trade and service activities in the seven months of this year were fairly active as local spending grew.
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Illustrative image (Source: VNA)
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During the month, revenue from goods retail reached VND277.1 trillion, up 1.6% monthly and 14% annually. Meanwhile, accommodation and dining generated VND45.9 trillion, up 2.1% and 6.4%, respectively, and tourism revenue hit VND3.5 trillion, marking a respective increase of 2.3% and 9.2%.
In the first seven months, the total retail of consumer goods and services amounted to VND2.49 quadrillion (US$100 billion), up 11.1% annually. Of the figure, VND1.87 quadrillion was from goods retail, accounting for 75.2% and up 11.7 % year-on-year.
Consumers mostly bought necessities such as food (up 12.6%), apparel (12.4%), household appliances (12.3%) and stationery (10.3%).
