Vietnam consumer spending rises 11.4pct in JanuaryOct

31-Oct-2018 Intellasia | Hanoi Times | 6:00 AM Print This Post

If excluding the price factor, the growth rate was 9.31 percent during the period, higher than the rate of 8.79 percent recorded in the same period in 2017.

Total retail sales of consumer goods and services in Vietnam reached an estimated VND3,612.8 trillion (US$155.24 billion) in the first ten months of 2018, up 11.4 percent against the same period last year, according to the general Statistical Office (GSO).

If excluding the price factor, the growth rate was 9.31 percent in the period, higher than an 8.79 percent rise recorded in the same period in 2017.

In October, revenue from retail sales and services stood at VND378.6 trillion (US$16.25 billion), up 1.3 percent month-on-month and 12.4 percent year-on-year.

On breaking down, retail sales of goods in the ten-month period totalled an estimate of VND2,719.2 trillion (US$116.75 billion), accounting for 75.3 percent of the total and increasing by 12.2 percent over the similar period last year.

Estimated sales of accommodation and catering services in the JanuaryOctober period attained VND440.1 trillion (US$18.90 billion), accounting for 12.2 percent of the total and rising by 8.3 percent year-on-year.

Sales of travel services from January to October achieved an estimate of VND33.5 trillion (US$1.43 billion), making up 0.9 percent of the total and climbing by 15.6 percent against the similar period last year.

Sales of other services during this period was estimated at VND420 trillion (US$18.03 billion), representing 11.6 percent of the total and increasing by 9.3 percent compared to the comparable period in 2017, according to the government-run office.

http://www.hanoitimes.vn/economy/2018/10/81E0CE7C/vietnam-consumer-spending-rises-11-4-in-jan-oct/

 


Category: Economy, Vietnam

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