Vietnam consumer spending rises 11.3% in Jan - Sep
If excluding the price factor, the growth rate was 8.8% during the period, higher than the rate of 8.76% recorded in the same period in 2017.
Total retail sales of consumer goods and services reached an estimated VND3,235 trillion (US$138.25 billion) in the first nine months of 2018, up 11.3% against the same period last year, according to the General Statistics Office (GSO).
Illustrative photo.
|
In September, revenue from retail sales and services stood at VND374.8 trillion (US$16 billion), up 1.3% month-on-month and 12.5% year-on-year, totaling VND1,110 trillion (US$47.43 billion) in the July - September period, up 3.8% against the previous quarter and 12.5% year-on-year.
On breaking down, retail sales of goods in the nine-month period gained an estimate of VND2,400trillion (US$102.56 billion), accounting for 75.2% of the total and increasing by 12% over the similar period last year.
Estimated sales of accommodation and catering services in the January - September period attained VND396 trillion (US$16.92 billion), accounting for 12.3% of the total and moving up by 8.4% from the same period last year.
Sales of tours in nine months of this year achieved an estimate of VND30.3 trillion (US$1.29 billion), making up 0.9% of the total and climbing by 16.9% against the similar period last year.
Sales of other services during this period was estimated at VND375.7 trillion (US$16.05 billion), representing 11.6% of the total and increasing by 9.7% compared to the comparable period in 2017.
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.