Retail goods, services generate over 30.8 billion USD in Jan-Feb
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of this year, a year-on-year increase of 10.1 percent.
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of 2018 (Photo: VNA)
Hanoi (VNA) - Retail goods and servicesgenerated revenues of 704 trillion VND (30.88 billion USD) in the first twomonths of this year, a year-on-year increase of 10.1 percent.
If inflation were excluded, the amount marked asurge of 8.7 percent against the same period last year, according to a reportof the General Statistics Office (GSO). This is much higher than theyear-on-year growth rate of 5.1 percent in the first two months of 2017.
Vu Manh Ha, a GSO expert in domestic economy,said the Lunar New Year (Tet) week-long holiday in early February boostedconsumption, besides increasing the demand on entertainment services and travelafter Tet.
Thus, the total revenue of retail goodsaccounted for 76.15 percent of the national revenue to reach 531.98 trillionVND, up 10 percent year-on-year, GSO said.
Three of the key products---food, garments andhome appliances---gained a growth of 11-11.8 percent in revenue each. Theyaccounted for 50 percent of the total national revenue.
The tourism sector accounted for one percent ofthe total national revenue but had the largest growth rate of 38.42 percent inrevenue because of the high demand for domestic and international tours.
The high consumption of retail goods andservices was attributed to positive changes in the sale of goods and services,owing to trade promotion programmes and trade fairs on quality goods before,during and after Tet.-VNA
The total revenue from retail sales and services reached 3.93 quadrillion VND (174.85 billion USD) in 2017, surging 10.9 percent year-on-year, according to the General Statistics Office (GSO).
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.
The consumer price index (CPI) in February edged up 0.73 percent monthly and 3.15 percent annually, largely driven by people’s high demand for commodities and services to be used in the Lunar New Year
Vietnam has made significant socio-economic strides in February despite the week-long Tet holiday, heard a regular Cabinet meeting in Hanoi on March 1.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of 2018 (Photo: VNA) 
