Ten-month retail sales of consumer goods, services up 8.5%
Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.5% to over 5,246 trillion VND (207.5 billion USD) during January – October, the General Statistics Office (GSO) reported.
Hanoi (VNA)ℱ – Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.5% to over 5,246 trillion VND (207.5 billion USD) during January – October, the General Statistics Office (GSO) reported.
Revenue from retail sales of goods was estimated at 4,048 trillion VND, accounting for 77.2% of the total and up 7.8% year-on-year. Sales of food and foodstuff rose by 10.7%, household appliances and tools 8%, garment 8.7%, vehicles (except cars) 7.5%, and cultural and educational products 6.6%.
Revenue from accommodation and catering services totaled 602.3 trillion VND, up 12.5% year-on-year, while tourism and travel services earned 50.3 trillion VND, rising 14.2%.
According to the GSO, Vietnam attracted nearly 1.42 million international visitors in October, up 27.6% year-on-year, and over 14.1 million in the first 10 months, up 41.3% year-on-year.
A rise in tourism revenue was seen in several localities during January-October, including Can Tho up 31.2%, Ho Chi Minh City 15.9%, Khanh Hoa 15.4%, Binh Dinh 11.9%, Hanoi 9.8% and Da Nang 6.1%.
The revenue from other services in the first ten months of 2024 was estimated at 545 trillion VND, accounting for 10.4% of the total and increasing by 9% over the same period last year./.
Recovery in domestic consumption and production demand, along with strong development in tourism, have contributed positively to the growth of the trade and service sector in the first nine months of 2024, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
The total social investment capital disbursed during January – September rose 6.8% to some 2.42 quadrillion VND (97.2 billion USD) on the back of a fall in lending interest rate, robust production growth, and the continuation of tax incentives, according to the General Statistics Office (GSO).
Vietnam’s consumer price index (CPI) rose by 3.48% in the third quarter of 2024 compared to the same period last year, mainly fueled by the increasing prices of food in localities directly affected by Typhoon Yagi, and housing and education services, according to the General Statistics Office (GSO).
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