Retail sales continue positive growth in H1
Monday, July 9,2018AsemconnectVietnam - Vietnam’s total revenue from retail sales and services in the first half of this year has maintained high growth since the beginning of the year, according to the General Statistics Office (GSO).
Retail goods and services posted a revenue of nearly 2.12 quadrillion VND (94 billion USD) in the first six months of 2018, a year-on-year rise of 10.7 percent. If inflation was excluded, the increase would be 8.3 percent, higher than the 7.9 percent growth seen in the first five months of 2017, the GSO said.
An abundant supply of essential goods and stable prices had spurred local trade and lifted purchasing power during the period, Vu Manh Ha, a GSO statistician, said.
Retail sales of goods, which accounted for 75.3 percent of the total revenue, reached an estimated 1.59 quadrillion VND (70.9 billion USD) with several products recording strong increases, including food and foodstuffs (12.4 percent), garments (12.3 percent), home appliances (12 percent) and transport services (8.8 percent).
Meanwhile, retail sales in accommodation, restaurants and catering services saw a yearly increase of 9.6 percent to 260.9 trillion VND (11.5 billion USD), with the central coastal provinces of Khanh Hoa, Binh Dinh and Da Nang, the Central Highlands city of Da Lat and the northern province of Quang Ninh leading the way.
From January to June, revenue from tourism services also recorded significant on-year growth of 19.5 percent to 19.6 trillion VND (860 million USD) thanks to a rising numbers of local tourists and those traveling abroad.
Vietnam’s visa exemption policy for several Western European countries and the country’s domestic and overseas tourism promotion campaigns had also prompted tourism service revenue to grow, the GSO said, outlining some provinces and cities that recorded encouraging growth, such as Ca Mau (29 percent), HCM City (24.3 percent), Quang Ninh (18 percent) and Hanoi (14 percent).
Sales of other services during the six months hit 243 trillion VND (over 11 billion USD), a jump of 7.3 percent compared to a year ago.
An abundant supply of essential goods and stable prices had spurred local trade and lifted purchasing power during the period, Vu Manh Ha, a GSO statistician, said.
Retail sales of goods, which accounted for 75.3 percent of the total revenue, reached an estimated 1.59 quadrillion VND (70.9 billion USD) with several products recording strong increases, including food and foodstuffs (12.4 percent), garments (12.3 percent), home appliances (12 percent) and transport services (8.8 percent).
Meanwhile, retail sales in accommodation, restaurants and catering services saw a yearly increase of 9.6 percent to 260.9 trillion VND (11.5 billion USD), with the central coastal provinces of Khanh Hoa, Binh Dinh and Da Nang, the Central Highlands city of Da Lat and the northern province of Quang Ninh leading the way.
From January to June, revenue from tourism services also recorded significant on-year growth of 19.5 percent to 19.6 trillion VND (860 million USD) thanks to a rising numbers of local tourists and those traveling abroad.
Vietnam’s visa exemption policy for several Western European countries and the country’s domestic and overseas tourism promotion campaigns had also prompted tourism service revenue to grow, the GSO said, outlining some provinces and cities that recorded encouraging growth, such as Ca Mau (29 percent), HCM City (24.3 percent), Quang Ninh (18 percent) and Hanoi (14 percent).
Sales of other services during the six months hit 243 trillion VND (over 11 billion USD), a jump of 7.3 percent compared to a year ago.
Source: Vietnamplus.vn
Fertilizer export markets in first 5 months of 2023
Exports of animal feed reached 426.3 million USD in first 5 months of 2023
Imports of animal feed reached over 1.93 billion USD in first 5 months of 2023
DAILY: Vietnamese pepper prices fell by 500 VND on June 23
DAILY: Vietnamese coffee prices rose by 200 VND on June 23
Exports to China reached 20.3 billion USD in first 5 months of 2023
Coffee exports surpassed 2 billion USD in first 5 months of 2023
Vietnam considered rising star to become emerging market
Vietnam logistics sector offers attractive investment opportunities
Hanoi’s economy sees effective recovery
Reference exchange rate on upward trend
Vietnam lychee market update: Harvest in Central Highlands a success
DAILY: Vietnamese pepper prices fell by 500 VND on June 22
DAILY: Vietnamese coffee prices fell by 500 VND on June 22
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...