Retail sales continue to grow

Retail sales continue to grow
Retail sales of goods in the past 9 months still maintained a stable growth momentum, reaching VND 2.76 million billion, accounting for 76% of the total and up 12.6% over the same period last year.

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Retail sales of goods in the past 9 months still maintained a stable growth momentum, reaching VND 2.76 million billion, accounting for 76% of the total and up 12.6% over the same period last year.

According to the General Statistics Office's report, the total level of retail Consumer goods and service revenue in September 2019 was estimated at 420 trillion VND, up 1.7% over the previous month and 12.7% over the same period in 2018.

In the third quarter of 2019, the total retail sales of consumer goods and services was estimated at 1.2 million billion VND, an increase of 3.5% compared to the previous quarter and an increase of 12.2% over the same period last year.

Thus, the total retail sales of consumer goods and services in the first nine months of 2019 reached VND 3.6 million billion, up 11.6% over the same period last year. If the price factor is excluded, the increase will be 9.2%.

In the retail industry, cultural and educational products had the strongest increase, while food only ranked second.

By industry, retail sales of goods in the past 9 months reached VND 2.76 million billion, accounting for 76% total and up 12.6% over the same period last year.

Notably, as always, the food and foodstuffs industry has always had the strongest increase and accounted for a high proportion of revenue. retail In the past 9 months, cultural and educational products have been the industry with the leading growth rate, with 17.4%.

Food and food products dropped to second place with an increase of 15.4%; while household appliances, tools and equipment had the third strongest increase with 13%.

The garment industry also achieved good growth with 12%; means of transport increased by 10.2%.

Some localities with a good increase are Quang Ninh with an increase of 19.7%; Binh Duong increased by 17.6%; Thanh Hoa increased by 15.1%; Hai Phong increased 14.9%; Da Nang increased by 13.9%; Nghe An increased by 13.8%; Hanoi increased by 12.7%;…

Revenue from accommodation and food services was estimated at 434.7 trillion VND, accounting for 12% of the total and increasing by 9.6%. In which, some localities increased quite well, Binh Dinh increased by 19.5%; Quang Binh increased 16.2%; Hai Phong increased by 15.9%; Can Tho increased by 15.3%; Vinh Long increased 11.9%; Hanoi increased 11.3%…

Tourism revenue reached 33.5 trillion dong, accounting for 0.9% total and increasing by 12%. Other service revenue reached VND 404.3 trillion, accounting for 11.1% of the total and an increase of 7.3% over the same period in 2018.

Destiny
* Source: VN Economy

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