Retail sales enjoy six-month increase despite epidemic impact

03-Jul-2020 Intellasia | VOV | 6:02 AM Print This Post

The opening six months of the year saw retail sales reach a figure of VND1,895,600 billion, accounting for 79.6 percent of total turnover and representing an annual boost of 3.4%, according to figures released by the General Statistical Office.

Most notably, online shopping has become increasingly popular, especially when social distancing measures were put in place in order to meet people’s growing demands, of which, food and foodstuff increased by 7%, whilst household appliances, tools and equipment went up by 5%.

A number of localities enjoyed a fair increase in retail sales of goods, including Hai Phong by 10.4%, HCM City with 10.1%; Hanoi by 9.9%, Dong Nai with 8.4%, Binh Dinh by 4.3%, Ba Ria Vung Tau with 3%, and Thanh Hoa by 0.9%.

Elsewhere, revenue from accommodation and catering services was estimated to stand at VND234,700 billion, representing 9.9 percent of the total whilst being a drop of 18.1 percent on-year, of which the second quarter of the year saw a severe drop of 26.1 percent due to the impact of social distancing measures.


Category: Economy, Vietnam

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