A Vinmart in Hanoi. The total revenue of retail sales in the first seven months of this year reached 2.2 quadrillion VND, up by 3.6 percent year on year. (Photo kinhtedothi.vn)Hanoi (VNS/VNA) – Vietnam’s revenue of retail sales and services in Julywas estimated at 431.9 trillion VND (18.6 billion USD), up 3.3 percentover the previous month and up 4.3 percent from the same period last year,according to the General Statistics Office (GSO).
Trade and service activities in July continued to increase due to policies onstimulating domestic consumption and tourism, along with government supportpackages to help people reduce the burden of spending.
This was also the month during the summer vacation of students, so manyfamilies travelled in the country.
Revenue reached 333.8 trillion VND from retail sales, up 2.6 percent month onmonth and up 7 percent year on year; 48.2 trillion VND from accommodation andfood services, up 9.2 percent month on month but down 4.4 percent year on year;and 1.5 trillion VND from tourism, up 29.6 percent month on month but down 59.7percent year on year.
In the first seven months of this year, total revenue of retail sales andservices was 2.8 quadrillion VND, down 0.4 percent over the same period lastyear.
If excluding the price factor, the total revenue decreased by 4.8 percent yearon year while in the first seven months of last year, it gained an increase of9 percent year on year.
Of which, the revenue of retail sales in the first seven months reached 2.2quadrillion VND, accounting for 79.2 percent of the total. It rose by 3.6 percentover the same period last year because July was a promotional month tostimulate domestic consumption, increase market shares and restore the domesticeconomy affected by the COVID-19 pandemic.
The revenue of accommodation and catering services in the first seven monthswas estimated to reach 280.9 trillion VND, accounting for 10 percent of thetotal. It was down 16.6 percent over the same period last year.
Localities having strong reductions in revenue of accommodation and cateringservices included Khanh Hoa (59.1 percent), Ba Ria-Vung Tau (46.5 percent), HCMCity (45.1 percent), Can Tho (27.5 percent), Da Nang (24.5 percent), Thanh Hoa(21.5 percent) and Hanoi (18.9 percent).
The tourism revenue in the seven months was estimated at 11.1 trillion VND,down 55.4 percent over the same period last year.
Some localities had a sharp decrease in tourism revenue included Khanh Hoa(76.4 percent), HCM City (74.9 percent), Ba Ria - Vung Tau (63.3 percent), Da Nang(58.6 percent), Can Tho (57.1 percent), Quang Ninh (50.5 percent), Quang Binh(48.6 percent), Hanoi (38.6 percent), Thanh Hoa (38.5 percent), Binh Dinh (38 percent)and Hai Phong (23.7 percent)./.
VNA
