Vietnam’s total retail sales and service revenues are estimated to have accelerated by 20.8 percent year-on-year to VND952.2 trillion ($45.6 billion) in Jan-May period, the general Statistical Office (GSO) said on its release on May 27.
Excluding price hike factors, the figure rose by 6.6 percent year-on-year, GSO added.
In details, the trade sector rose by 19.5 percent on-year to VND732.7 trillion and accounted for 76.9 percent of the country’s total retail sales and services revenues; the hotel and restaurant sector posted an on-year increase of 18.6 percent to VND108.1 trillion and accounted for 11.4 percent of the country’s total figure; services sector rose 34.2 percent to VND101.9 trillion and accounted for 10.7 percent of the country’s total; tourism sector recorded a rise of 23.9 percent to VND9.5 trillion and accounted for 1 percent of the country’s sum, the data showed.
The foreign direct investment (FDI) sector contributed VND25.04 trillion, accounting for 2.6 percent of the country’s total retail sales and services revenues and rising 31.9 percent on year.
In May alone, Vietnam’s retail sales and service revenues are estimated to edge up to VND191.8 trillion ( including VND9.23 trillion of FDI sector), rising 0.6 percent on-month and 21.1 percent on-year, GSO said in its release.