Retail sales, service revenue hit 73.5 billion USD in four months
The total retail sales and service revenue surged 10.02 percent year-on-year to 1.695 quadrillion VND (over 73.5 billion USD) in the first four months of 2021, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) - The total retail sales and service revenue surged 10.02percent year-on-year to 1.695 quadrillion VND (over 73.5 billion USD) in thefirst four months of 2021, according to the Ministry of Industry and Trade(MoIT).
Retail sales of goods in the January-April periodwere estimated at over 1,352.7 trillion VND, up 9.8 percent against the sameperiod last year.
Increases were seenin the sales of textiles (up 11.8 percent), food and foodstuff (up 11.5percent), vehicles (up 11.1 percent), and cultural and education products (up9.5 percent).
Revenues from accommodation and catering services in the four-month period wasestimated at 164.5 trillion VND, up 10.1 percent year-on-year./.
Total retail sales of goods and revenue from consumer services in January are estimated at 479.9 trillion VND (nearly 20.77 billion USD), up 3.7 percent month-on-month and 6.4 percent year-on-year, according to the General Statistics Office (GSO).
The Ho Chi Minh City People’s Committee set targets and approved operational orientations and solutions for this year for its industrial and trade sectors at a recent meeting.
The country's export turnover increased 22 percent to reach 77.34 billion USD in the first quarter, while the trade surplus was estimated at 2.03 billion USD.
Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high, data of the General Statistics Office (GSO) shows.
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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.
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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.
At a supermarket (Photo: VNA) 
