The country’s total retail sales and services revenue reached 2.24 quadrillion VND (98.6 billion USD) in the first seven months of this year, a year on year increase of 10 percent.
Customers shop for fresh fruit and vegetables at AEON MALL in Hanoi’s Long Bien district (Photo: VNA)
Hanoi (VNS/VNA) - The country’stotal retail sales and services revenue reached 2.24 quadrillion VND (98.6billion USD) in the first seven months of this year, a year on year increase of10 percent.
The revenue, excluding the price factor,gained a year-on-year increase of 8.7 percent in the first seven months, 0.3percentage points higher than the growth rate in the first seven months of2016, reported the General Statistics Office (GSO).
Of these, revenue of retail sales reachedthe highest at 1.68 quadrillion VND (74 billion USD), accounting for thethree-fourths of the total revenue, a year-on-year surge of 20 percent.
GSO’s domestic trade expert Vu Manh Ha saidgrowth in purchasing power of the people during the first seven months was dueto surge in demand for accommodation and catering services in July because ofhigh school graduation examinations.
In addition, the volume of foreign anddomestic tourists rose sharply in the summer months, Ha said. Therefore, therevenue from accommodation and catering services in July went up by 11.3 percentwhile the revenue from tourism and travelling services managed the highestgrowth rate at 15.1 percent.
During the first seven months, the totalrevenue from accommodation and catering services stood at 278.6 trillion VND,an increase of 11.6 percent against the revenue in the same period last year.
The increase was higher than the growthrate of 8.8 percent in the first seven months of 2016.
The revenue from the tourism and travelsector showed a growth rate of 9.5 percent year-on-year in the first sevenmonths of 2017 to 19.8 trillion VND.-VNA
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Customers shop for fresh fruit and vegetables at AEON MALL in Hanoi’s Long Bien district (Photo: VNA) 
