Total retail sales revenues for goods and services across Vietnam in the first ten months of this year are estimated to grow 20.5 per cent from a year earlier to VND470 trillion (US$29.4 billion), reported the government’s General Statistics Office (GSO).
The per capita spending was estimated at VND5.6 million (US$350) in this period, or VND560,000 a month on average.
In the January-October period, the individual sector was the biggest seller with combined revenues of VND294.15 trillion, up 21.9 per cent on-year and accounting for 62.5 per cent of total retail sales.
The private sector followed with revenue of VND100 trillion, or 21.3 per cent of total sales, but recording a highest rise of 24.1 per cent on-year.
The state-owned sector gained total sales of VND59 trillion, or 12.6 per cent of the total, posting an increase of 9.2 per cent on year.
The collective economic and the foreign invested sectors made small contribution to the country’s retail sales, at VND4.6 trillion and VND12 trillion, or 1 per cent and 2.6 per cent of total, respectively. The collective sector witnessed growth rate of 21.9 per cent on-year and the foreign sector 20.5 per cent.
Regarding businesses, the trade sector contributed the biggest proportion to the country’s total retail sales, at VND382.97 trillion (81.5 per cent of total), followed by the hotel and restaurant sector at VND56.8 trillion (12.1 per cent), the service sector at VND26.8 trillion (5.7 per cent) and the tourism sector (0.7 per cent).
All these sectors attained high growth rates, led by the service sector at 31.2 per cent, followed by the tourism sector 28.7 per cent, the hotel and restaurant sector 21.4 per cent and the trade sector 19.7 per cent.
Last year, Vietnam obtained a retail sale growth rate of 20.5 per cent with the total revenue of VND475.38 trillion ($30.1 billion).
GSO Oct 2006
Vietnamese
