3:26:25 PM | 7/8/2005
Local Trade Revenues up 18.5 per cent in Jan-Nov
Total retail sales revenues for goods and services throughout Vietnam in the first 11 months of this year rose by 18.5 per cent against the same period last year to VND339.3 trillion (US$21.6 billion), compared with the targeted growth rate of 13 per cent.
The private sector posted the highest growth of 32.6 per cent with VND61.7 trillion (US$3.9 billion) in the period, followed by the cooperative economic sector with total retail sales rising by 22.7 per cent to VND3.3 trillion (US$210.2 million).
The individual economic sector reached a growth rate of 17.6 per cent to have total retail sales of VND214.9 trillion (US$13.7 billion) while the growth rate of the state-owned sector in the period was 8.5 per cent, amounting to VND52.7 trillion (US$3.4 billion).
The trade sector accounted for 81.1 per cent of the country's total local trade revenues in the January-November period and posted an on-year growth rate of 19.8 per cent, while the hotel and restaurant sector reported retail sales equal to 12.4 per cent of the total, an on-year increase of 11.3 per cent.
The Ministry of Trade recently estimated total retail sales of goods and services in 2004 to rise by 13 per cent against 2003 to VND350 trillion (US$22.3 billion), compared with the estimated total development investment in the year of VND270 trillion (US$17.2 billion).
Vietnamese
