Vinh Phuc’s retail sales, service revenue grow 2.31 percent in October
Economic activities, trade activities in particular, in the northern province of Vinh Phuc have regained growth in October, with prices of goods and services remaining stable.
A customer shops at BigC Vinh Phuc (Source: baovinhphuc.com.vn)
Vinh Phuc, (VNA)🦩 – Economic activities, trade activities in particular, in the northern province of Vinh Phuc have regained growth in October, with prices of goods and services remaining stable.
Total retail sales and service revenue topped almost 5.02 trillion VND (216.8 million USD), up 2.31 percent from September.
Of the figure, goods retail sales were estimated at over 4.4 trillion VND, a monthly increase of 2.65 percent.
Among services, revenues from accommodation, restaurant and travel services dropped 1.69 percent to over 389 billion VND, but earnings from other consumer services picked up 2.87 percent to more than 212 billion VND. Revenue from transport services rose 3.61 percent from last month and 4.04 percent from the same period last year to over 398 billion VND.
Total retail sales and service revenue for the January-October period added to 41.87 trillion VND, up 0.01 percent from the same period last year./.
A groundbreaking ceremony for an international conference centre in the northern province of Vinh Phuc, invested by property developer FLC Group, was organised in the locality on October 12.
The northern province of Vinh Phuc is aiming for an average nearly 11 percent growth per year of the commercial and service sector in the 2021-2025 period while developing a modern network of commercial and service facilities.
Vinh Phuc has reaped success in attracting foreign direct investment (FDI) for many years, and the source of FDI capital has become a driver of economic growth in the province.
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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.
A customer shops at BigC Vinh Phuc (Source: baovinhphuc.com.vn)
