Purchasing power has rising during the first 10 months of the year and total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD), an 11.8 percent increase compared to the same period last year, according to the General Statistics Office (GSO).
Total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD) in the first 10 months of 2019, up 11.8 percent year on year (Photo: VNA)
Hanoi (VNS/VNA)- Purchasing power has rising during the first 10 months of the yearand total revenue for goods and services hit 4 quadrillion VND (172.5billion USD), an 11.8 percent increase compared to the same period last year,according to the General Statistics Office (GSO).
Retail, which accounts for 76 percent of total revenue, reached 3 quadrillionVND. Consumers reportedly spent more on education and entertainment (15.5 percent), food(13.8 percent), home appliances (12.2 percent), clothes (11.2 percent) andmotor vehicles (6.5 percent).
Localities that saw a sharp increase in purchasing power year-on-yearincluded Quang Ninh (19.9 percent), Binh Duong (17.1 percent)and Thanh Hoa (15.2 percent).
During the first 10 months, hospitality revenue reached 485 trillion VND, an11.9 percent increase compared to last year with Binh Dinh (19.9 percent), QuangNinh (16.4 percent) and Quang Binh (15.8 percent) leading the list. Travelrevenue increased by 11.9 percent and totalled 37.5 trillion VND.
Other goods and services reached 454.8 trillion VND, up 11.2 percent.
Despite a slight increase in prices in October, demand remained stable thanksto an ample supply of goods and services. Trade and commercial activities have steadily increased month-on-month. Demand for goods and servicesis forecast to climb as the year-end holiday Tet isapproaching./.
The nation's total revenue from retail sales and services saw a significant growth of 11.5 percent to more than 23.9 quadrillion VND (nearly 102 billion USD) in the first half of this year.
Vietnam’s total revenues for retail trade and services reached an estimated 3.21 quadrillion VND (137.4 billion USD) in the first eight months of 2019, up 11.5 percent year on year, the General Statistics Office (GSO) has announced.
Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28.
Vietnam’s total revenue from retail trade and services in the first nine months of this year reached 3.6 quadrillion VND (around 155.3 billion USD), 11.6 percent over the same period last year.
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Total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD) in the first 10 months of 2019, up 11.8 percent year on year (Photo: VNA) 
