Retail sales of consumer goods, services up 9.5% in January
High consumption demand during the Lunar New Year holiday and the strong tourism recovery fuelled retail sales of consumer goods and services in January.
Retail sales of consumer goods and services totalled VND573.3 trillion (US$22.6 billion) in the month, up 2.7% month-on-month and 9.5% year-on-year, according the General Statistics Office.
Of the sum, revenue from retail sales of goods were estimated at VND441.4 trillion, an 8.3% increase compared to the same period last year. Key categories saw notable growth, with other fuels (excluding petrol and oil) up 31.1%; gems, precious metals and related products 15.5%; automobiles of all kinds 11.6%; cultural and educational items 8.9%; garments 8.3%; and food and foodstuffs 7.8%.
Localities that reported high growth in the revenue included Hai Phong (9.2%), Hanoi (9%), Quang Ninh (8.5%), Ho Chi Minh City (8.4%), and Da Nang (7.9%).
Meanwhile, revenue from accommodation and catering services was estimated at VND67.3 trillion, up 14.8% from a year earlier. Tourism services generated VND5.1 trillion in earnings, a 17.3% increase.
In addition, revenue from other services last month reached some VND59.5 trillion, a rise of 9.8% compared to the same month last year, statistics show.
Ten-month retail sales of consumer goods, services up 8.5%
Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.5% to over VND5,246 trillion during January – October, the General Statistics Office (GSO) reported.
