Vietnam’s total retail sales of goods and services in the first two months of this year were estimated at 994.2 trillion VND (41.88 billion USD), up 13% year-on-year, according to the General Statistics Office (GSO).
Hanoi (VNA) - Vietnam’s total retail sales of goods and services in thefirst two months of this year were estimated at 994.2 trillion VND (41.88billion USD), up 13% year-on-year, according to the General Statistics Office(GSO).
Of the total, the retail sales of goods were estimated at781.8 trillion VND, up 10.1% year-on-year, of which the revenue from garmentand textile rose by 18.4%, food and food stuff 12.5%, and home appliances 4%.
Meanwhile, a decrease of 3.7% was seen in the group ofcultural and educational products, the GSO said.
In the period, the revenue from lodging and cateringservices reached 109.1 trillion VND, a year-on-year rise 31.6%.
Notably, tourism raked in 4.7 trillion VND, a 2.2-foldincrease compared to the same period of last year, as various activities towelcome the spring were organised across the nation.
The turnover from other services was valued at 98.6 trillionVND, up 16.2% year-on-year.
Director of the Ministry of Industry and Trade’s DomesticMarket Department Tran Duy Dong said that the ministry is striving for an 8-9%increase in total retail sales of goods and services this year./.
The scale of the domestic retail market is expected to increase from 142 billion USD at present to 350 billion USD by 2025, contributing 59% of the national GDP, according to the Ministry of Industry and Trade (MoIT).
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Illustrative image (Photo: VNA) 
