Today: 22/02/2024 17:48:56 (GMT+7)

Ten-month retail sales of consumer goods, services up 9.4%

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 9.4% to more than VND5.1 trillion ($207.8 million) during January – October, the General Statistics Office said.

Revenue from retail sales of goods was nearly VND3.99 trillion, accounting for 78.1% of the total and up 8.3% year-on-year.

Ten-month retail sales, consumer goods and service, year-on-year increase,  tourism offerings, economic recovery

People shop in a supermarket in Ho Chi Minh City.

Notably, revenue from tourism surged 47.6% to an estimated VND30.2 trillion as localities nationwide have carried out an array of tourism offerings as well as cultural and sport activities to stimulate travel demand.

Strong rise in revenue from retail sales of goods and services was seen in several localities, including Da Nang (143.8%), Khanh Hoa (137.9%), Quang Ninh (94.9%), Ho Chi Minh City (68%), Hanoi (59.5 %), Hai Phong, (47.35%) and can Tho (32.4 %).

Experts said that revenue from retail sales is expected to rise until the end of this year on the back of economic recovery and acceleration of public investment disbursement. However, as domestic consumption remains weak and is on a sluggish recovery due to the lingering impacts of the Covid-19 pandemic, it is necessary to sketch out rational solutions and attractive programs to lure more foreign tourists and bolster domestic tourism so as to fuel consumption.

Over the past time, an array of incentives has been implemented by the Government to encourage spending, comprising organization of discount programs, reduction of interest rates and personal income tax, and enhanced social welfare support.

The Ministry of Industry and Trade will join hands with competent ministries, sectors and localities to keep a close watch on the market situation, ensure sufficient essential items, and stabilize the market during year-end holidays.

Agreement inked between Phuc Hoa commune and business to consume early ripening lychee
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Tan Yen prepares condition to consume early ripening lychees
(BGO) – To prepare consumption condition of early ripening lychees this year, the People’s Committee in Tan Yen district (Bac Giang province) requested competent agencies to enhance inspection and supervision at the growing areas, packaging facilities in order to ensure safety and qualification for domestic market and export demand.   
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Vietnamese consume over 1,000 tons of instant noodle daily
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Business links to production household to consume Bac Giang lychee
(BGO) – The Hanoi based Phuc Lam Trading and Service Development Company Limited has inked lychee consuming contract with group of lychee producing households in line with GlobalGAP standard in Chao village, Giap Son commune (Luc  Ngan district), reported Truong Thi Bay, representative of the group.   

Source: VnExpress

Ten-month retail sales, consumer goods and service, year-on-year increase, tourism offerings, economic recovery
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