Retail sales hit US$120 billion in seven months

Illustrative photo (Source: VOV)

Of the figure, VND2.134 quadrillion (US$91.76 billion) were sourced from goods, representing 76.1 per cent of the total and an annual rise of 12.5 per cent.

A number of essential commodities saw an increase in sales during the reviewed period. For instance, the sales of learning and cultural items enjoyed a surge of 14.2 per cent while that of food and foodstuffs, and garment and textile products increased by 12.8 per cent and 10.7 per cent, respectively.

Accommodation and restaurant services made revenues of VND337.5 trillion (US$14.51 billion) during the seven-month period, representing 12 per cent of the total and a year on year rise of 10 per cent.

Elsewhere, travel services were estimated to earn VND25.8 trillion (US$1.1 billion) throughout the reviewed period, making up 0.9 per cent of the total and a year on year hike of 12.5 per cent.

July alone saw the retail sales of goods and services amount to VND415.1 trillion (US$17.84 billion), upping 1.7 per cent against the previous month and 12.4 per cent on year.

Of the figure, VND312 trillion (US$13.41 billion) were contributed by goods retail while a combined VND51 trillion (US$2.19 billion) came from accommodation and restaurant services. Additionally, travel services enjoyed the total revenues of VND3.9 trillion (US$167.7 million).