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Seven-month goods retail sales, service revenue up 10.4%

Total retail sales of consumer goods and services have increased 10.4% year on year to almost 3.53 quadrillion VND in the first seven months of 2023, reported the General Statistics Office.

Total retail sales of consumer goods and services have increased 10.4% year on year to almost 3.53 quadrillion VND (149 billion USD) in the first seven months of 2023, compared to a rise of 15.7% during the same period of 2022, reported the General Statistics Office (GSO).

Seven-month goods retail sales, service revenue up 10.4% - 1


Goods retail sales are estimated at nearly 2.78 quadrillion VND during the first seven months of 2023. (Photo: VNA)

Excluding the price factor, the seven-month sales climbed 9.6%, compared to the growth of 11.7% during the same period last year.

Goods retail sales are estimated at nearly 2.78 quadrillion VND during the period, accounting for 78.7% of the total and rising 9% from a year earlier. In particular, retail sales of food went up 12.9%, cultural and educational products 10.1%, apparel 8.8%, household tools and equipment 3.6%, and vehicles (except for automobiles) 1.7%.

Meanwhile, accommodation and restaurant services generated about 377.3 trillion VND in revenue, making up 10.7% of the total and rising 16.3%.

Tourism revenue soared 53.6% to 18.6 trillion VND, as July was the peak month of summer tourism. Some localities have recorded surges in seven-month tourism revenue such as Da Nang 99.7%, Hanoi 89.7%, Quang Ninh 82.5%, Khanh Hoa 75.1%, Hai Phong 68.1%, Ho Chi Minh City 43.5%, Can Tho 33.4%, and Binh Duong 21.3%.

Earnings from other services stood at 356.2 trillion VND, equivalent to 10.1% and up 13.8% year on year.

July witnessed vibrant retailing and services, especially tourism, the GSO said, elaborating that retail sales and consumer service revenue totalled 512.2 trillion VND, up 1.1% month on month and 7.1% year on year./.

Source: VNA
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