Vietnam’s total retail sales of consumer goods and services during January-May increased 8.7% year-on-year to top VND2.58 quadrillion (US$101.3 billion), according to the General Statistics Office (GSO).
Hanoi’s total retail sales of goods and consumer services revenue reached VND266.2 trillion (US$10.46 billion) in the first four months of this year, up 9% year-on-year, according to the municipal People’s Committee.
Retail sales and services revenue in the first four months of this year totaled 2.06 quadrillion VND (81.06 billion VND), up 8.5% year-on-year, the General Statistics Office (GSO) said.
The total retail sales of goods and consumer service revenue in February increased by 8.5% over the same period last year to VND509.7 trillion (US$20.63 billion), according to the General Statistics Office (GSO).
Total retail sales of goods and revenue from consumer services in January were estimated at VND524.1 trillion (US$21.47 billion), up 8.1% year-on-year, as consumers have been on the mood to shop for the upcoming Tet (Lunar New Year) Festival, according to the General Statistics Office (GSO).
Purchasing power for the traditional Lunar New Year (Tet holiday) will increase 10% from the same time last year, according to the Ministry of Industry and Trade.
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 (US$207.8 million) during January – October, the General Statistics Office said.
Vietnam, with a population of nearly 100 million people, is considered a potential investment market for famous retailers around the world; therefore, many foreign retailers have enhanced their investments.
VOV.VN - Standard Chartered has predicted that Vietnam's GDP growth will reach 5.1% in Q3, up from 4.1% recorded in the previous quarter.
Total retail sales of consumer goods and services have increased 10.4% year on year to almost VND3.53 quadrillion (US$149 billion) in the first seven months of 2023, compared to a rise of 15.7% during the same period of 2022, reported the General Statistics Office (GSO).