Retail Sales up 10.6 Pct in 2014
The country's total retail sales and service revenues are estimated to reach VND2.945 trillion in 2014, up 10.6 percent compared to the previous year.
Of which, the non-State sector accounted for 86.5 percent, reaching nearly VND2.548 trillion, up 10.5 percent. The foreign-invested sector posted the highest growth rate of 16.9 percent, achieving VND97,800 billion, making up 3.3 percent. The State sector recorded the figure of VND299,700 billion, accounting for 10.2 percent and up 9.6 percent.
The total retail sales in December attained VND205,100 billion, up 1.9 percent compared to the previous month, contributing to the total retail sales of the whole year to VND2.216 trillion, accounting for 75 percent of the total retail sales and service revenues and up 11.3 percent against the previous year.
The restaurant and tourism sector collected VND32,200 billion in December, bringing the total figure of the year to VND381,800 billion, up 8 percent.
Earlier, according to the General Statistics Office, the nation’s Consumer Price Index (CPI) in December decreased 0.24 percent in comparison with the previous month, recording the lowest CPI in the recent 10 years.
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