Ho Chi Minh City’s revenue from goods retail sales in the first half of this year is estimated at more than 328.58 trillion VND (14.47 billion USD), accounting for 65.3 percent of the city’s total earnings from retail sales and services and up 12.9 percent from the same time last year.
Customers shop at a supermarket in HCM City. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City’s revenue from retail sales inthe first half of this year is estimated at more than 328.58 trillion VND (14.47billion USD), accounting for 65.3 percent of the city’s total earnings fromretail sales and services and up 12.9 percent from the same time last year.
The municipal Department of Industry and Trade said on June 5 that the robustdevelopment of the local retail market has created opportunities for domestic producersand suppliers.
The market has been rather stable and there is no scarcity of products or priceshocks during the January-June, said Nguyen Phuong Dong, vice director of the department.
Along with the price stabilisation programmes,the department launched the “Vietnamese people prioritise Vietnamese goods”campaign in which products must ensure food quality, safety and hygiene. Theevent drew the participation of 90 organisations, including 78 businesses and12 credit organisations.
Loans worth 19.65 trillion VND (865.6 million USD) in total were offered tobusinesses joining in the price stabilisation programmes in the city.
Since the outset of the year, the southern largest economic hub has acceleratedbrand building, and improved prestige for the programmes in general and localbusinesses in particular by stepping up communications campaigns and supportingenterprises in expanding markets.
Provinces and cities in the southeast and southwest regions have receivedassistance to carry out the price stabilisation programmes. Meanwhile, assistancehas been given to many firms to renew their production facilities.
In addition, the city has developed the network of price stabilisation shopswhich sell made-in-Vietnam products, and products cultivated in line withVietGAP and GlobalGAP standards.
Logo of the price stabilisation programmes will be labeled on specific productsto raise the public awareness of the programmes’ significance andefficiency.-VNA
Total revenue from retail trade and services reached 361 trillion VND (15.84 billion USD) in January, surging 3 percent over December and 9.5 percent over the same month last year.
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Customers shop at a supermarket in HCM City.
