Retail sales and consumer services revenue reaches highest rate in four years

Monday, 2019-04-29 15:47:41
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Consumer demand continued to increase in the first few months of the year. (Photo: VGP)
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NDO – The country’s total revenue generated from retail sales and consumer services in the first four months of 2019 reached the highest growth rate since 2015, topping nearly VND1.6 quadrillion (US$68.8 billion).

According to the General Statistics Office of Vietnam, the figure in April alone was estimated at VND400 trillion (US$17.2 billion), up 2.3% over the previous month and up 12% over the same period last year.

For the first four month period, total goods retail sales and consumer service revenue were estimated at nearly VND1.6 quadrillion, up 11.9% over the same period last year, if excluding the price increase at 9% (up 8.9% in the same period in 2018).

Of which, the revenue from retail sales of goods in the period was estimated at over VND 1.2 quadrillion, accounting for 76.8% of the total and rising quite well with an increase of 13.2% compared to the same period last year.

Revenue from accommodation and catering services was estimated at VND187.4 trillion, accounting for 11.8% of the total and increasing by 9.2% year on year.

Travel was projected to collect VND 14.9 trillion, accounting for 0.9% of the total and increasing by 13.1% over the same period last year.