Double-digit leap for General Vietnam retail sales
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Vietnam retail sales surged by 11.6 percent in the first seven months of this year, according to figures from the nation’s government.
According to the General Statistics Office of Vietnam, sales of goods and services reached US$120.57 billion from January through July, with 76.1 percent of that figure ($91.76 billion) spent on goods – 12.5 percent up year on year.
In July alone, according to the government estimates, sales of retail goods and services reached $17.84 billion, 1.7 percent up on June and 12.4 percent ahead of July last year.
By category, Vietnam retail sales of food and foodstuffs rose by 12.8 percent year to date, with clothing and textiles up by 10.7 percent.
Accommodation and restaurant services grew 10 percent year on year to $14.51 billion. Travel services rose 12.5 percent to $1.1 billion.
Questions & Answers
Q.What was the total value of retail sales in Vietnam for the first seven months of this year?
What was the total value of retail sales in Vietnam for the first seven months of this year?
The total sales of goods and services in Vietnam from January through July reached US$120.57 billion. A significant portion, US$91.76 billion, was spent specifically on goods.
Q.Which retail categories saw the highest growth in Vietnam during the first seven months?
Which retail categories saw the highest growth in Vietnam during the first seven months?
Food and foodstuffs sales increased by 12.8 percent year to date. Travel services also showed strong growth, rising by 12.5 percent, with clothing and textiles up by 10.7 percent.
Q.How did retail sales in July compare to the previous month and the same month last year?
How did retail sales in July compare to the previous month and the same month last year?
Retail goods and services sales in July reached US$17.84 billion. This figure represents a 1.7 percent increase compared to June and was 12.4 percent higher than July of last year.
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