Can Tho retail sales, services up sharply
Can Tho retail sales, services up sharply
Can Tho City’s retail sales and services in the first eight months of the year were worth more than VND80.806 trillion (US$3.46 million), a year-on-year increase of 12.91 per cent, according to the municipal Statistical Office.
According to the agency, in the summer months supermarkets and shops had launched promotion programmes, which stimulated consumption and pushed up retail sales.
Despite the prolonged rain and storms, both traditional markets and supermarkets were crowded every weekend, it said.
However, despite the sharp increase in retail sales and services this year, the consumer price index (CPI) did not rise much, going up only 4.44 per cent over the same period last year.
The goods and services that saw their prices go up the most were medicines and health services, which increased by 14.44 per cent due to the impact of a healthcare fee hike at the beginning of the year
Food and catering services went up by 6.29 per cent; housing, electricity, water, fuel and construction materials by 6.66 per cent and transportation by 8.48 per cent.
For the full year, the city targets retail sales of VND117.6 trillion, 10.9 per cent higher than last year.
