Strong Vietnam retail sales growth
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Vietnam retail sales growth reach 8.3 per cent in the first half of this year, according to government data.
In the first seven months of this year, the private sector accounted for 85.6 per cent of total retail sales, earning $73.4 billion or a year-on-year increase of 9.5 per cent, according to the Vietnam News Service..
Vu Manh Ha of the General Statistics Office, says the nation’s retail sales stabilised during the first quarter. Sales rose eight per cent in the first four months, 8.2 per cent in the first five months and 8.3 in the first six.
He attributed the stabilisation in the growth rate to a low increase in the Consumer Price Index.
Total retail sales reached US$85.8 billion.
Questions & Answers
Q.What was the total value of retail sales in Vietnam during the period covered?
What was the total value of retail sales in Vietnam during the period covered?
Total retail sales in Vietnam reached US$85.8 billion. The private sector alone accounted for $73.4 billion of this total.
Q.How much did the private sector contribute to total retail sales?
How much did the private sector contribute to total retail sales?
The private sector accounted for 85.6 per cent of total retail sales, earning $73.4 billion in the first seven months of this year.
Q.What is the reason given for the stable growth rate in retail sales?
What is the reason given for the stable growth rate in retail sales?
Vu Manh Ha of the General Statistics Office attributed the stabilisation in the growth rate to a low increase in the Consumer Price Index.
Q.How did the retail sales growth rate progress over the initial months of the year?
How did the retail sales growth rate progress over the initial months of the year?
Sales rose eight per cent in the first four months, 8.2 per cent in the first five months, and 8.3 per cent in the first six months.
Reader pulse
Will Vietnam's retail growth maintain this pace?
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