Vietnam’s total retail sales of goods and services in January is estimated at 544.8 trillion VND (23.22 billion USD), up 5.2% from the previous month and 20% as compared with the same period last year. (Photo: VNA)The office explained that the hike was attributed to thegrowing consumption demand as Tet (Lunar New Year), the biggest and longest festival in theSoutheast Asian nation, fell in the month.
Of the total, the retail sales of goods were 435.4trillion VND, a year-on-year rise of 18.1%, with the biggest increase seen in garments (27%).
The revenue from lodging and catering services reached56 trillion VND, representing a year-on-year rise 37.3%. Notably, tourism raked in 2.2 trillion VND, a surge of up to 113.4% from the corresponding timelast year, with the highest increases recorded in such localities as Hai Phong(541.5%), Da Nang (387.1%), Tien Giang (380.2%), Lao Cai (196.3%), Hanoi (113.8%)and Ho Chi Minh City (98.7%).
The revenue from other services was valued at 51.2trillion VND, up 16.8% year-on-year.
The GSO said the purchasing power during theholiday rose about 8-10% against other months and was equivalent to the sameperiod last year, with the strongest growth seen in food, foodstuff andessential goods.
Hoang Anh Duong, Deputy General Director of the Market Surveillance Agency under the Ministry of Industry and Trade, said market managementforces have intensified inspections and supervisions, especially on e-commerce platformsand social networks, while coordinating with other competent agencies incontrolling the quality of oil and gas products./.
VNA
