Can Tho earns more than US$451 million from retail, services in August

14:03 | 12/09/2018 Society

The Mekong Delta city of Can Tho earned more than 10.5 trillion VND (US$451.5 million) in retail and service revenue in August, up 15 percent year on year, according to the city’s Statistics Office.

At Cai Khe Commercial Center in Can Tho City - Photo:

Of the total, the private sector contributed more than 6.35 trillion VND (US$273.05 million), a rise of 11.88 percent over the same period last year.

Trade made up 80.77 percent of total revenue with 8.48 trillion VND, an increase of 15.5 percent year on year, while hotel and restaurant earnings were 948.34 billion VND, up 15.93 percent.

The major reason for the rise was diverse promotion programs run by shops and supermarkets in the summer, which encouraged consumption.

The results pushed total revenue of retail and service in the city in the first eight months of 2018 to 80.8 trillion VND, a jump of 12.91 percent over the same period last year.

However, despite the rise, the consumer price index of the city did not increase sharply at 4.44 percent year on year.

The highest rise was seen in medicine and medical services at 14.44 percent, while upturn was also seen in the prices of goods with 6.29 percent, housing; water and electricity supply, fuel and construction materials with 6.66 percent; and transportation with 8.48 percent.

Consumer goods recording the lowest rise in price were household appliances at only 1.58 percent as many distributors ran promotion programs.

The prices of other goods and services rose 2.35 percent over the same period last year, while the price of foodstuff increased 2.62 percent due to the rise in prices of pork, poultry meat and aquatic products.

At the same time, culture, entertainment and tourism prices also increased 3.08 percent year on year.

Theo VNA