Revenue of retail sales and services up 11.2 per cent in eight months
Wednesday, September 5,2018AsemconnectVietnam - Viet Nam’s total revenue from retail sales and services had strong growth in the first eight months of this year due to the strong increase in purchasing power of the domestic market, according to the General Statistics Office (GSO).
If inflation was excluded, the increase would be 8.53 per cent, a record rate over the past five months. The growth rate was 8.5 per cent in the first four months, 8.3 per cent in both of the first five months and the first six months, and 8.4 per cent in the first seven months, the GSO said.
GSO expert Vu Manh Ha said the high consumption in the first eight months of this year was due to the start of consumption season and continued hot weather pushing up demand for cooling solutions and vacations. In addition, the market saw higher demand for books, notebooks and other items for the new school year in September and demand for essential goods after rain and storms. Revenue from cultural and education services gained a year-on-year growth of 10.8 per cent.
The office said revenue from retail goods accounted for three fourths of total revenue from retail sales and services to reach VND2.15 quadrillion in the first eight months of this year, a year-on-year increase of 11.7 per cent.
Of which, several products recorded strong increases, including food and foodstuffs (12.8 per cent), garments (12.3 per cent) and home appliances (11.6 per cent).
Revenue from tourism in the first eight months marked high growth of 17.6 per cent against the same period last year though it made up a small part of total revenue from retail sales and services.
Some provinces and cities with high revenue from retail sales and services at between 12-13 per cent in the first eight months included Thai Nguyen, HCM City, Thanh Hoa, Bac Giang and Binh Dinh.
Exports of cement and clinker fall
Reference exchange rate up 3 on July 21
DAILY: Vietnamese coffee prices decreased by 1200 VND on July 21
Tuna exports fell deeply
Coffee exports to Indonesia and Algeria grew by 3 digits
ADB lowers growth forecast for Vietnam’s to 5.8% this year
Vietnamese goods to better penetrate UK market
DAILY: Vietnamese pepper prices remained unchanged on July 20
DAILY: Vietnamese coffee prices increased by 1300 VND on July 20
Reference exchange rate up 27 on July 20
Corn import markets in first 6 months of 2023
Fertilizer imports decreased by 30.4% in 6 months of 2023
Demand recovery expected to drive GDP growth: Experts
Aquatic product exports expected to recover from late Q3
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 ...