Monday, May 20 2019

VietNamNews

January-April total retail value grows at highest rate since 2015

Update: May, 03/2019 - 21:54

 

Kiosks selling fabric products at a market in Kiên Giang Province.The retail sale value in January - April increased at the highest rate since 2015. — VNS/VNS Photo Hồng Đạt

HÀ NỘI — Goods and services trading continued its upward trend in the January-April period with the retail sale value increasing at the highest rate since 2015, according to the General Statistics Office (GSO).

Latest updates from the GSO showed that the total retail sale value of consumption goods and services in the first four months of this year was estimated at VNĐ1.58 quadrillion (US$67 billion), representing a rise of 11.9 per cent over the same period last year. This was the highest rate of increase in the past five years, compared to 10.7 per cent in the same period of 2015, 10 per cent in 2016 and 2017 and 11.3 per cent in 2018.

In April alone, the retail sale value was VNĐ400 trillion, up 2.3 per cent over the previous month.

Revenue from retail goods accounted for 76.8 per cent of the total retail sale value and increased by 13.2 per cent over the same period last year.

Goods which saw significant increases in retail sale value included food and foodstuffs, household appliances and garment products.

Provinces and cities which saw strong purchasing power for consumer goods were Trà Vinh (up 19.8 per cent), Phú Thọ (up 17.9 per cent), Quảng Nam (up 16.8 per cent), Bình Dương (up 16.4 per cent), Quảng Ninh (up 15.4 per cent), Hải Phòng (up 14.4 per cent), HCM City (up 13.5 per cent) and Hà Nội (up 13.1 per cent).

Revenue from accommodation and catering services totalled VNĐ187.4 trillion, an increase of 9.2 per cent over the same period last year.

Tourism services recorded a revenue of VNĐ14.9 trillion, up by 13.1 per cent. – VNS

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