Can Tho earns more than 451 million USD from retail, services
Can Tho earns more than 451 million USD from retail, services in August
The Mekong Delta city of Can Tho earned more than 10.5 trillion VND (451.5 million USD) in retail and service revenue in August, up 15 percent year on year, according to the city’s Statistics Office.
Can Tho (VNA) – The Mekong Delta city of Can Tho earned morethan 10.5 trillion VND (451.5 million USD) in retail and service revenue inAugust, up 15 percent year on year, according to the city’s Statistics Office.
Of the total, the private sector contributed more than 6.35 trillion VND(273.05 million USD), a rise of 11.88 percent over the same period last year.
Trade made up 80.77 percent of total revenue with 8.48 trillion VND, anincrease of 15.5 percent year on year, while hotel and restaurant earnings were948.34 billion VND, up 15.93 percent.
The major reason for the rise was diverse promotion programmes run byshops and supermarkets in the summer, which encouraged consumption.
The results pushed total revenue of retail and service in the city inthe first eight months of 2018 to 80.8 trillion VND, a jump of 12.91 percentover the same period last year.
However, despite the rise, the consumer price index of the city did notincrease sharply at 4.44 percent year on year.
The highest rise was seen in medicine and medical services at 14.44percent, while upturn was also seen in the prices of goods with 6.29 percent,housing; water and electricity supply, fuel and construction materials with6.66 percent; and transportation with 8.48 percent.
Consumer goods recording the lowest rise in price were householdappliances at only 1.58 percent as many distributors ran promotion programmes.
The prices of other goods and services rose 2.35 percent over the sameperiod last year, while the price of foodstuff increased 2.62 percent due tothe rise in prices of pork, poultry meat and aquatic products.
At the same time, culture, entertainment and tourism prices also increased3.08 percent year on year.-VNA
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Illustrative Image (Source: VNA) 
