Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Total revenue of retail trade and services reached more than1.91 quadrillion VND (82.36 billion USD) in the first five months of this year,down 4 percent year-on-year, a report from the General Statistics Office (GSO)showed.
If inflation was excluded, retail sales dropped 8.6 percent, compared to 8.5percent seen in last year’s corresponding period.
In May, total retail sales of goods and services witnessed a significant month-on-monthincrease of 27 percent to an estimated 384.8 trillion VND thanks to the end ofthe social distancing period, resulting in rebound in purchasing power of localpeople, the GSO said in its report.
Retail sales of goods during the five-month period were estimated at 1.54quadrillion VND, representing a modest rise of 1.2 percent year on year oraccounting for 80.6 percent of the total revenue.
GSO statisticians attributed the slight increase in retail sales of goods inthe period to sufficient sources of essential goods provided by supermarketsand trade centres so that price fluctuations were not incurred as well as to achange in local people’s consumer behavior with a priority given to shoppingonline.
Among all sectors, purchases of food and foodstuff grew by 6.1 percentyear-on-year, followed by home appliances (2 percent) while that of educationaland cultural products dropped 8.2 percent and textiles and apparel (3 percent).
Several localities recording a retail sale growth included the northern portcity of Hai Phong with 9 percent and two economic hubs of Hà Nội and HCM Citywith 6.4 percent and 6 percent, respectively.
As per the report, the five-month revenue from accommodation and cateringservices witnessed a decrease of 26 percent to 175 trillion VND, compared to 10percent increase in the same period last year.
Despite the facts that accommodation and catering businesses have resumed theiroperations after the social distancing period and local people have been lessworried about the pandemic, the revenue from accommodation and catering servicesin five months of 2020 still slumped significantly compared to the same periodlast year as students started to return to school and the people’s demand fortravelling remained modest, the GSO assessed.
During the same period, travel service revenues experienced the strongestdecline of 54 per cent at 8.3 trillion VND because of the complicateddevelopment of COVID-19 around the world so Vietnam halted visa issuance forforeigners and the domestic tourism industry has yet to recover.
Localities posting a strongest decline in travel service revenues were Ba Ria-Vung Tau at 73 percent; Khanh Hoa (68 percent); HCM City (66 percent); QuangNinh (65 percent); Can Tho (59 percent) and Hanoi (55 percent).
From January to May, revenue from other services totaled 186.9 trillion VND,down 12 percent year-on-year, the GSO noted./.
If inflation was excluded, retail sales dropped 8.6 percent, compared to 8.5percent seen in last year’s corresponding period.
In May, total retail sales of goods and services witnessed a significant month-on-monthincrease of 27 percent to an estimated 384.8 trillion VND thanks to the end ofthe social distancing period, resulting in rebound in purchasing power of localpeople, the GSO said in its report.
Retail sales of goods during the five-month period were estimated at 1.54quadrillion VND, representing a modest rise of 1.2 percent year on year oraccounting for 80.6 percent of the total revenue.
GSO statisticians attributed the slight increase in retail sales of goods inthe period to sufficient sources of essential goods provided by supermarketsand trade centres so that price fluctuations were not incurred as well as to achange in local people’s consumer behavior with a priority given to shoppingonline.
Among all sectors, purchases of food and foodstuff grew by 6.1 percentyear-on-year, followed by home appliances (2 percent) while that of educationaland cultural products dropped 8.2 percent and textiles and apparel (3 percent).
Several localities recording a retail sale growth included the northern portcity of Hai Phong with 9 percent and two economic hubs of Hà Nội and HCM Citywith 6.4 percent and 6 percent, respectively.
As per the report, the five-month revenue from accommodation and cateringservices witnessed a decrease of 26 percent to 175 trillion VND, compared to 10percent increase in the same period last year.
Despite the facts that accommodation and catering businesses have resumed theiroperations after the social distancing period and local people have been lessworried about the pandemic, the revenue from accommodation and catering servicesin five months of 2020 still slumped significantly compared to the same periodlast year as students started to return to school and the people’s demand fortravelling remained modest, the GSO assessed.
During the same period, travel service revenues experienced the strongestdecline of 54 per cent at 8.3 trillion VND because of the complicateddevelopment of COVID-19 around the world so Vietnam halted visa issuance forforeigners and the domestic tourism industry has yet to recover.
Localities posting a strongest decline in travel service revenues were Ba Ria-Vung Tau at 73 percent; Khanh Hoa (68 percent); HCM City (66 percent); QuangNinh (65 percent); Can Tho (59 percent) and Hanoi (55 percent).
From January to May, revenue from other services totaled 186.9 trillion VND,down 12 percent year-on-year, the GSO noted./.
VNA
