Vietnam retail sales already faced a growth with 10 per cent

Vietnam has seen a surge in retail sales, which topped VND 3258 trillion (US$106.9 billion) for the first 10 months of this year.

This was year-on-year growth of 10.7 per cent, says the General Statistics Office (GSO) in releasing statistics of retail sales of consumer goods and services. Excluding inflation, the increase evens out at 9.4 per cent.

These sales make up 74.9 per cent of the total for the sector.

Accommodation, restaurant and catering services raked in an estimated $18 billion, accounting for 12.5 per cent of the total as well as being a 12.5 per cent improvement on the same period last year.

Spending on travel for the 10 months reached about $1.3 billion, 15.2 per cent more than the same period a year ago, and making up 0.9 per cent of the total.

Sales of textiles and garments rose 9.8 per cent, home appliances by 8.8 per cent, and transport services by 8.4 per cent.

Other services totalled $16.8 billion to be 11.7 per cent of the total and 9.2 per cent up from last year.

During the 10 months, international arrives rose by 28.1 per cent year on year to reach nearly 10.5 million, according to the Vietnam National Administration of Tourism.