Total retail sales rise 11.6 percent in five months

11:10 | 03/06/2019 Society

The Vietnam’s total retail sales of goods and services were estimated to reach VND1,983 trillion (US$85 billion) in the first five months of 2019, a year-on-year increase of 11.6 percent, according to the General Statistics Office (GSO).

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In the January-May period, the retail sales of goods were reported at VND1,518 trillion, a 12.7% year-on-year increase which accounted for 76.5% of the total retail sales of goods and services.

During the five-month period, retail sales of food and foodstuff went up by 13.3%, household appliances and equipment rose by 12.8%, apparels increased by 11.4%, transportation soared by 11.2%, and cultural and education products advanced by 10.6%.

Several localities saw significant increases in retail salesin the first five months including Binh Duong (up 19.7%), Quang Ninh (up 18.8%), Quang Nam (up 17.7%), and Thanh Hoa (up 15.9%).

Meanwhile, sales of accommodation and restaurant services reached VND236 trillion, a year-on-year increase of 9.2% and sales of travel and tourism services were posted at VND18.4 trillion, a year-on-year increase of 12.4%.

The GSO said that the increases of retail sales of goods and services in the first 5 months of this year were attributed to an abundant of goods supply in addition to long holidays associated with increasing demand for entertainment and catering activities.

Theo NDO