Retail sales and service revenue hit roughly US$156.09 billion in nine months

Saturday, 2019-09-28 17:25:51
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The purchasing power in the January-September period surges by 9.2% year on year.
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NDO – Vietnam’s total retail sales of goods and revenue from consumer services topped roughly VND3.63 quadrillion (US$156.09 billion) in the first nine months of 2019, up 11.6% over the same period last year.

If the price factor was excluded, the purchasing power during the January-September period increased by 9.2%, higher than the 9.1% level recorded in the same period of 2018, according to the General Statistics Office.

Regarding September alone, retail sales of goods and service revenue were estimated at VND420.3 trillion (US$18.07 billion), up 1.7% against the previous month and up 12.7% year on year.

Retail sales of goods for the full nine-month period surged by 12.6% year on year, reaching VND2.76 quadrillion (US$118.68 billion), accounting for 76% of the total. Of which, purchases of educational and cultural products grew by 17.4% year on year, followed by food and foodstuff (up 15.4%), home appliances (up 13%), textiles and apparel (up 12%) and transportation (up 10.2%).

The localities with the highest purchasing power growth rates included Quang Ninh (19.7%), Binh Duong (17.6%), Thanh Hoa (15.1%), Hai Phong (14.9%), Da Nang (13.9%), Nghe An (13.8%), and Hanoi (12.7%).

The nine-month revenue from accommodation and catering services rose 9.6% year on year to VND434.7 trillion (US$18.69 billion), accounting for 12% of the total.

Travel sales in the period amounted to an estimate of VND33.5 trillion (US$1.44 billion), representing 0.9% of the total and climbing by 12% from a year ago.

Sales of other services were estimated at VND404.3 trillion (US$17.38 billion), taking up 11% of the total and representing an expansion of 7.3% compared to the same period in 2018.