Vietnam's retail sales, service revenue up 20 pct in January

0 Comment(s)Print E-mail Xinhua, February 1, 2023
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HANOI, Feb. 1 (Xinhua) -- Vietnam's total goods retail sales and consumer service revenues increased 20 percent year on year in January to over 544.8 trillion Vietnamese dong (about 23 billion U.S. dollars), according to the country's General Statistics Office on Wednesday.

The Lunar New Year holiday in Vietnam fell in January this year, therefore consumer demand increased, contributing to the growth in the month, local newspaper Vietnam News reported, citing the Office.

Specifically, Vietnam's goods retail sales stood at more than 435.4 trillion Vietnamese dong (about 18.4 billion dollars), up 18.1 percent, with the sales of clothing growing 27 percent, home appliances, equipment and items expanding 23.8 percent and food increasing 17.9 percent.

In the first month of 2023, restaurant and accommodation revenues totaled 56 trillion Vietnamese dong (nearly 2.4 billion dollars), up 37.3 percent, and tourism revenues stood at 2.2 trillion Vietnamese dong (nearly 93 million dollars), surging 113.4 percent compared to the same period last year, according to the Office.

Last year, Vietnam's total goods retail sales and consumer service revenues increased 19.8 percent year on year to approximately 5,679.9 trillion Vietnamese dong (about 240.5 billion dollars), according to the Office.

Specifically, its goods retail sales stood at nearly 4,475.9 trillion Vietnamese dong (about 190 billion dollars), up 14.4 percent, with the sales of cultural and educational products increasing 22.9 percent, and those of clothing growing 19.1 percent. Enditem

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