HCM City retail grows by more than 11% in 2017

January 12, 2018 - 09:19

HCM City’s retail sector has been growing steadily, achieving an 11.3 per cent increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.

Customers shop at Co.opmart in HCM City. The city’s retail revenue grew by 11.3 per cent in 2017 compared to 2016. – VNA/VNS Photo Thanh Vũ

Viet Nam News

HCM CITY – HCM City’s retail sector has been growing steadily, achieving an 11.3 per cent increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.

According to the department, the total revenue of the retail sector last year was over VNĐ923.84 trillion (US$40 billion).

Revenue from retail sales was VNĐ594.65 trillion, accounting for 64.4 per cent of total retail revenue (retail sales and retail services).

The city had 207 supermarkets in 2017, an increase of 18 compared to 2016. At least 116 of them are domestic supermarkets, while 91 are foreign-owned.

In addition, there were around 43 shopping malls in 2017, three more than in 2016. Fourteen of them are foreign owned. There were around 1,100 convenience stores in 2017, 218 more compared to 2016. – VNS

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