Hanoi (VNA)🍬 – Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 billion USD), according to the General Statistics Office (GSO).
Specifically,retail sales of goods stood at 2.3 quadrillion VND, up 9.3%, with thesales of food and foodstuff growing by 13.5% and those of cultural and educationalproducts increasing by 9.3%.
Retail salesof goods in January-June period in some localities rose sharply suchas Binh Duong (15.6%), Quang Ninh (14.5%),Hai Phong (14%), Dong Nai (12.3%) andKhanh Hoa (9.7%) compared with the same period last year.
Accommodationand food services generated about 321.7 trillion VND in the reviewed period, up 18.7%from a year earlier.
Tourismrevenue surged 65.9% year-on-year to around 14.5 trillion VND. Localities seeing a sharp increase in revenue include Da Nang (174%), Hanoi (106.9%), Hai Phong (93.2%), and Ho Chi Minh City (78.5%).
Revenue fromother services was estimated at 303.4 trillion VND, up 14.4% over the sameperiod last year.
In June alone, retailsales of consumer goods and service revenue totaled 505.7 trillion VND, anincrease of 0.5% month on month and 6.5% year on year.
The total retail sales of consumergoods and services in the second quarter of this year were estimated at 1.520quadrillion VND, a year-on-year rise of 1.6%, the GSO reported.
Defining the domesticmarket as one of the important factors that promote GDP growth of the wholecountry, the Ministry of Industry and Trade will focus on effectively carryingout programmes on promoting trade in the domestic market, while pushing up thedistribution of goods through digital platforms, and e-commerce to expanddomestic consumption.
The ministry will enhance the implementation of a strategy on domestic trade development to 2030,with a vision to 2045 and other projects on domestic trade development.
It will supportbusinesses in trade promotion activities, build trademarks and populariseregional specialties and typical products of Vietnam.
🗹 The ministry will also focus on modernising the distribution system in rural and mountainous areas to bringmore Vietnamese goods to the countryside, combining traditional trade withmodern ones and closely monitoring the prices of essential commodities for effectiveoperation as well as ensuring the supply of electricity and petrol for the marketin all situations./.
