VN’s retail, services sales reach $156B
VIETNAM’S total retail sales and services revenue reached $156 billion in the first 11 months of the year, rising 11.5 per cent over the same period last year, or 9.34 per cent with inflation excluded. According to the General Statistics Office, retail sales of goods and services in November alone was estimated to reach 385 trillion dong ($16.48 billion), a 1.1 per cent increase against October and representing a 12.2 per cent year-on-year rise. Retail sales of services hit 288.6 trillion dong in November, increasing 0.8 per cent from the previous month. Revenue from restaurant, accommodation and catering services was also up 2.3 per cent to 47 trillion dong last month. Retail sales of goods in the first 11 months of the year were estimated at more than 117 billion dong, or
75.2 per cent of the total. Food and foodstuff sales rose by
12.7 per cent, garments and textiles 12.3 per cent, and home appliances 12.1 per cent.