Retail sales, consumer service revenue up ahead of Tet
Retail sales, consumer service revenue up ahead of Tet
Total retail sales of goods and revenue from consumer services in January are estimated at VND479.9 trillion (nearly US$20.77 billion), up 3.7 per cent month-on-month and 6.4 per cent year-on-year, according to the General Statistics Office (GSO).
Goods retail sales totalled VND378.9 trillion, accounting for 79 per cent of the total and up 4.1 per cent month-on-month and 8.7 per cent year-on-year.
Revenue from accommodation and food service stood at around VND48.7 trillion, representing 10.1 per cent of the total. It increased 2.7 per cent against December but was down 4.1 per cent against January 2020.
Tourism revenue was around VND1.6 trillion, or 0.3 per cent of the total, up 0.7 per cent compared to December but down 62.2 per cent year-on-year.
Earnings from other services were estimated at VND50.7 trillion, accounting for 10.6 per cent of the total and up 1.1 per cent month-on-month and 7.3 per cent year-on-year.
The GSO said retail sales and consumer services have become more vibrant as the Tet (Lunar New Year) holiday nears.
Most enterprises, shopping centres, supermarkets, and business establishments have readied an abundant supply of goods and offered various promotional programmes to stimulate consumption ahead of the holiday, the office noted.
