Retail sales and consumer services rise slightly in January

Revenues from retail sales and consumer services in January increased by 2.2% against the previous month and 13% over the same month last year, according to the General Statistics Office.

Retail sales and consumer services rise slightly in January

Total revenues in January were estimated at VND275.5 trillion (US$12.9 billion), a rise of 11.9% from January of 2013 when adjusted for inflation.

The national statistical agency said revenues from domestic private enterprises accounted for 86% while the State and foreign sectors made up 10.8% and 3.2% respectively.

A breakdown shows that retail sales revenues went up 3.1% from December to more than VND211 trillion (US$9.9 billion), driven by solid sales of garment products and household appliances.

Revenues from accommodation and restaurant services rose by 2.9% while revenues in the tourism sector fell 1.8%.

Last year, revenues from retail sales and consumer services rose 10.6% to reach more than VND2,945 trillion (US$138.4 billion).