Retail sales, consumer service revenue up ahead of Tet
Total retail sales of goods and revenue from consumer services in January are estimated at 479.9 trillion VND (nearly 20.77 billion USD), up 3.7 percent month-on-month and 6.4 percent year-on-year, according to the General Statistics Office (GSO).
People shop at Vinmart Vo Thi Sau in Hanoi (Photo: VNA)
Hanoi (VNA) - Total retail sales ofgoods and revenue from consumer services in January are estimated at 479.9trillion VND (nearly 20.77 billion USD), up 3.7 percent month-on-month and 6.4percent year-on-year, according to the General Statistics Office (GSO).
Goods retail sales totalled 378.9 trillion VND,accounting for 79 percent of the total and up 4.1 percent month-on-month and8.7 percent year-on-year.
Revenue from accommodation and food servicestood at around 48.7 trillion VND, representing 10.1 percent of the total. Itincreased 2.7 percent against December but was down 4.1 percent against January2020.
Tourism revenue was around 1.6 trillion VND, or 0.3percent of the total, up 0.7 percent compared to December but down 62.2 percentyear-on-year.
Earnings from other services were estimated at50.7 trillion VND, accounting for 10.6 percent of the total and up 1.1 percent month-on-monthand 7.3 percent year-on-year.
The GSO said retail sales and consumer serviceshave become more vibrant as the Lunar New Year (Tet) holiday nears.
Most enterprises, shopping centres,supermarkets, and business establishments have readied an abundant supply ofgoods and offered various promotional programmes to stimulate consumption aheadof the lunar new year, the office noted./.
Vietnam’s total revenue from retail trade and services reached over 5 quadrillion VND (219.5 billion USD) in 2020, representing a modest yearly rise of 2.6 percent, according to the General Statistics Office (GSO).
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People shop at Vinmart Vo Thi Sau in Hanoi (Photo: VNA) 
