Retail sales of goods, services pick up 4.4 percent in Q1
Vietnam’s total revenue from retail sales of goods and services reached 1.3 quadrillion (56.9 billion USD) in the first three months of this year, a year-on-year increase of 4.4 percent, according to the General Statistic Office (GSO).
In March alone, the total retail sales of goods and services hit 438 trillion VND, up 2.9 percent month-on-month and 9.4 percent year-on-year. (Photo: VNA)
Hanoi (VNA) – Vietnam’s total revenue from retail sales of goods andservices reached 1.3 quadrillion (56.9 billion USD) in the first three months ofthis year, a year-on-year increase of 4.4 percent, according to the GeneralStatistic Office (GSO).
Tradeand service activities are gradually recovering with the total retail sales ofconsumer goods and services in the first quarter of 2022 higher than the sameperiod in previous years, it said.
InMarch alone, the total retail sales of goods and services obtained 438 trillionVND, up 2.9 percent month-on-month and 9.4 percent year-on-year.
Retailsales of goods in the period increased by 5.8 percent over last year’s figure.Of which, group of food and foodstuffs was up 11 percent, cultural and educational itemsincreased by 10.1 percent, means oftransport rose by 5.4 percent while clothing was down by 3.6 percent; household appliancesand equipment decreased by 4.9 percent.
The GSO attributed the growth to a sharpincrease in fuel price. In the first quarter of this year, revenue from retailsales of goods of Quang Ninh province rose 11.7 percent over last year’s figure while that of BinhDuong province, Hai Phong, Ba Ria-Vung Tau and Dong Nai was up 10.8 percent, 9.5percent, 9.4 percent and 8.7 percent, respectively.
Three-month revenue of lodging and cateringservices rose by 1.2 percent year-on-year. Localities that recorded high growthwere Bac Ninh (24 percent); Can Tho (18.3 percent); Phu Yen (18.1 percent); LamDong (17.4 percent), Dong Nai (16.2 percent) and Quang Ninh (7.5 percent).Those that posted a decline include Ho Chi Minh City, Tien Giang and Bac Lieuwith 5.6 percent, 26.9 percent and 15.3 percent, respectively.
Turnover from tourism services slightlypicked up 1.9 percent in the first quarter of this year as Vietnam has reopenedto international tourists.
🍸 Localities recording strong revenuein the period include the central province of Khanh Hoa with 279.1 percent; central QuangNam province with 71.1 percent, southern Can Tho city with 50.1 percent, northern Ha Giang province with17.6 percent and Hanoi with 10.6 percent while HCM City and Da Nang experienceda drop of 26.8 percent and 51.1 percent, respectively./.
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In March alone, the total retail sales of goods and services hit 438 trillion VND, up 2.9 percent month-on-month and 9.4 percent year-on-year. (Photo: VNA) 
