Vietnam retail sales down since January
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Vietnam retail sales fell 9.6 percent year on year over the first four months of this year, according to the General Statistics Office.
However, sales of consumer goods across the country increased by 0.4 percent, reflecting increasing demand for groceries and online shopping during the Covid-19 outbreak.
Sales in the restaurant and accommodation sector plunged 23.6 percent year on year as consumers were banned from eating on-premises and due to travel restrictions.
Meanwhile, retail sales in Ho Chi Minh City, the country’s commercial capital with a population of 9 million, surged in both supermarkets and traditional markets ahead of the country’s four-day holiday which began on April 30, as myriad promotions were offered.
According to the Vietnam News Agency, discount promotions at Co.opmart and Co.opXtra supermarkets during the holiday saw sales rise by more than 30 percent compared to normal days.
The most popular items include local seafood, poultry, fruit and vegetables, soft drinks, masks and kitchenware.
Questions & Answers
Q.What is the overall trend in Vietnam's retail sales for the first four months of this year?
What is the overall trend in Vietnam's retail sales for the first four months of this year?
Vietnam's overall retail sales fell by 9.6 percent year on year during the first four months of this year. This figure comes from the General Statistics Office, reflecting a significant decline in the sector.
Q.Which retail sectors have been most affected by the current situation in Vietnam?
Which retail sectors have been most affected by the current situation in Vietnam?
The restaurant and accommodation sector has been most affected, with sales plunging 23.6 percent year on year. This was due to consumers being banned from on-premises eating and travel restrictions during the Covid-19 outbreak.
Q.Were there any positive retail sales figures reported in the article?
Were there any positive retail sales figures reported in the article?
Yes, sales of consumer goods across Vietnam increased by 0.4 percent, indicating higher demand for groceries and online shopping. Also, retail sales in Ho Chi Minh City's supermarkets and traditional markets surged ahead of a four-day holiday.
Q.What items were particularly popular during the recent holiday promotions in Ho Chi Minh City?
What items were particularly popular during the recent holiday promotions in Ho Chi Minh City?
Popular items during the holiday promotions at supermarkets like Co.opmart and Co.opXtra included local seafood, poultry, fruit and vegetables, soft drinks, masks, and kitchenware. These discounts led to a sales rise of over 30 percent.
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