Vietnam Retail Sales, Services Revenue +26.1% in Jan-Aug: GSO
Vietnam’s total retail sales and services revenue is estimated to have soared 26.1% from a year earlier to VND1009.241 trillion ($51.76 billion) in the first eight months of this year, the General Statistics Office said.
The revenue increased 1.19% from July to VND131.039 trillion in August, the GSO said in a statement released on August 26.
The trade sector reported an on-year revenue increase of 27.3% to VND797.844 trillion, equivalent to 79% of the country's sum during the eight-month period.
The hotel and restaurant sector saw an on-year revenue rise of 21.5% to VND110.291 trillion; and the tourism and service sectors reported increases of 35.4% and 21.5% to VND10.648 trillion and VND90.458 trillion on-year, respectively.
The Ministry of Industry and Trade has forecast retail sales and services revenue in the world’s 13th populous country with 86.5 million people will soar 22% from a year earlier to $78.9 billion this year. (GSO)
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