Retail sales up 12.2% in January
Shoppers at Vinmart in Times City, Hà Nội. The retail value of goods totaled VNĐ 三0 五. 四 trillion ($ 一 三. 一 billion), surging 五. 二 per cent over last December. — VNS Photo Mai Hương
HÀ NỘI — Total revenue from retail trade and services in Việt Nam reached an estimated VNĐ 四0 二. 二 trillion (US$ 一 七. 二 六 billion) in January, up 四. 四 per cent month-on-month and 一 二. 二 per cent year-on-year, the latest report from the General Statistics Office (GSO) showed.
GSO statisticians attributed the first month’s positive increase to the rising purchasing demand of local people for the upcoming Tết holiday and efforts of enterprises in stockpiling goods to better serve the peak demand.
The retail value of goods totaled VNĐ 三0 五. 四 trillion, surging 五. 二 per cent over last December and 一 三. 一 per cent over the same month last year with significant sale increases seen in food and foodstuffs ( 一 三. 一 per cent), and textile and garments ( 一 三. 四 per cent), according to the report.
Among localities nationwide, the capital city posted the highest growth in retail sales of goods at 一 五. 一 per cent. It was followed by the northern port city of Hải Phòng at 一 四. 五 per cent; northern Bắc Ninh Province at 一 四 per cent; the central city of Đà Nẵng at 一 三. 一 per cent and HCM City at 一 三 per cent.
As per the data, retail sales of services topped VNĐ 四 三 trillion, representing a monthly rise of 一. 八 per cent and a yearly increase of 七. 四 per cent.
Meanwhile, revenue from restaurants, acco妹妹odation and catering services was also up 一. 四 per cent month-on-month and 七. 七 per cent year-on-year to VNĐ 四 九. 五 trillion and that from tourism hit VNĐ 四. 三 trillion, a hike of 八 per cent over last year’s corresponding month.
According to the Việt Nam Institute for Trade Research, the goods retail market is seeing a blooming trend of minimarts and convenience stores.
The institute forecast that convenience stores would see double-digit growth in the next three years and reach 三 七. 四 per cent growth in 二0 二 一.
Under the domestic trade development strategy, total sales of goods and services would grow by 一 三 per cent each year through 二0 二0 and by 一 四 per cent per year in the 二0 二 一- 二 五 period.
The Ministry of Planning and Investment’s statistics showed the wholesale and retail sector ranked third in attracting foreign direct investment in 二0 一 八 with total registered capital of $ 三. 三 七 billion, accounting for 一0. 三 per cent of the country’s FDI.
Last year, total retail sales of goods and services in Việt Nam reached nearly VNĐ 四. 四 quadrillion, representing a rise of 一 一. 七 per cent against the previous year. That reflected strong purchasing power in the domestic market, GSO said. — VNS
