Retail revenue high in first seven months
Tuesday, 12:14, 31/07/2018
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.
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%).