Total retail sales revenue for goods and services across Vietnam in the first two months of this year is estimated to increase 24.1 per cent on year to VND112 trillion (US$7 billion), reported the government’s General Statistics Office (GSO).
In January-February, the individual sector maintained the biggest sales with combined revenue of VND63.2 trillion, accounting for 56.4 per cent of total retail sales and recording a growth of 26.9 per cent on-year.
The private sector followed with revenue of VND32.1 trillion, or 28.7 per cent of total sales, up 30.5 per cent on-year.
The state-owned sector posted revenue of VND12.5 trillion, or 11.1 per cent of the total, representing a decrease of 0.5 per cent against a year earlier.
The foreign invested sector registered the highest surge of 30.8 per cent on year to VND3.2 trillion, making up 2.8 per cent of the country’s retail sales.
The collective sector contributed only 1 per cent of the total sales with revenue of VND1.1 trillion, growing by 17.5 per cent on year.
Regarding businesses, the trade sector contributed the biggest proportion to the country’s total retail sales, at VND92.3 trillion (or 82.4 per cent of total), followed by the hotel and restaurant sector at VND12.5 trillion (or 11.2 per cent), the service sector at VND5.9 trillion (or 5.2 per cent) and the tourism sector at VND1.3 trillion (1.2 per cent).
All these sectors gained high growth rates, led by the service sector at 35.5 per cent, followed by the tourism sector at 24.1 per cent, the trade sector at 23.6 per cent and the hotel and restaurant sector at 22.7 per cent.
Total retail sales revenue for goods and services across Vietnam last year grew 20.9 per cent from a year earlier to VND580.7 trillion (US$36.3 billion). (GSO February 2007)
Vietnamese
