Vietnam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent, reported the General Statistics Office (GSO).
Vietam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent (Photo: VNA)
Hanoi (VNA) – Vietnam’stotal revenue from retail sales and services reached 2.58 quadrillion VND (114.7billion USD) in the first eight months of this year, a year on year increase of10.3 percent, reported the General Statistics Office (GSO).
The figure amounted to an 8.9 percent increase, excluding the pricefactor, the highest rise recorded since the beginning of this year, said GSOdomestic trade expert Vu Manh Ha, adding that the figure was also higher than8.5 percent growth of the same period last year.
Ha attributed the growth in purchasing power to surges in demand foraccommodation and catering services after high school graduation and universityexaminations as well in essential goods for the new school year which starts inSeptember.
Recovery in revenue from accommodation and catering services in four centralprovinces – Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue - after lastyear’s environmental disaster caused by Formosa also contributed to the retailsales increase, he said.
From January to August, revenue of retail sales reached 1.93 quadrillion VND (86.1billion USD), accounting for three quarters of total revenue, a yearly rise of10.3 percent. Sectors posting significant growth included textile and garments,up 14 percent; equipment and home appliances, up 11.6 percent; food andfoodstuff, up 10.6 percent; and transportation, up 7.6 percent.
Revenue from accommodation and catering services stood at 318 trillion VND (14.1billion USD), an increase of 11.3 percent against the figure in the same periodlast year.
Meanwhile, the tourism sector experienced a revenue increase of 11 percentyear-on-year in the first eight months to 23.1 trillion VND (1.26 billion USD),with several localities witnessing significant growth, such as the northernprovince of Bac Giang with 25.1 percent; the central province of Khanh Hoa (23percent); HCM City (12.2 percent) and the southern province of Ba Ria – Vung Tau(12 percent).
The Association of Vietnam Retailers has forecast that the country’s retailturnover will rise to 179 billion USD by 2020.-VNA
Ho Chi Minh City’s total retail sales and services revenue are expected to hit nearly 450 trillion VND (19.8 billion USD) in the first half of 2017, up 10.2 percent from the same period last year.
The country’s total retail sales and services revenue reached 2.24 quadrillion VND (98.6 billion USD) in the first seven months of this year, a year on year increase of 10 percent.
HCM City’s annual sales promotion month from September until the end of the year is expected to boost retail sales and attract a large number of foreign visitors.
Hanoi’s economy has expanded since the beginning of this year with steady growth recorded in all the key sectors of industry, trade, tourism and services and agriculture, reported the municipal People’s Committee.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Vietam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent (Photo: VNA) 
