Retail revenue high in first seven months

Illustrative image (Source: VNA)

Hanoi (VNA) – Apart from impressivegrowth of industrial production index, trade and service activities in theseven months of this year were fairly active as local spending grew.

A report from the General Statistics Officeshowed the total retail of consumer goods and services in July was estimated at371.5 trillion VND (16.36 billion USD), up 1.6 percent month-on-month and 13.3percent year-on-year.

During the month, revenue from goods retailreached 277.1 trillion VND, up 1.6 percent monthly and 14 percent annually.Meanwhile, accommodation and dining generated 45.9 trillion VND, up 2.1 percentand 6.4 percent, respectively, and tourism revenue hit 3.5 trillion VND,marking a respective increase of 2.3 percent and 9.2 percent.

In the first seven months, the total retailof consumer goods and services amounted to 2.49 quadrillion VND (100 billionUSD), up 11.1 percent annually. Of the figure, 1.87 quadrillion VND was fromgoods retail, accounting for 75.2 percent and up 11.7 percent year-on-year.

Consumers mostly bought necessities such as food(up 12.6 percent), apparel (12.4 percent), household appliances (12.3 percent)and stationery (10.3 percent).-VNA

VNA