Retail goods, services generate over 30.8 billion USD in Jan-Feb
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of 2018 (Photo: VNA)
Retail goods and services
generated revenues of 704 trillion VND (30.88 billion USD) in the first two
months of this year, a year-on-year increase of 10.1 percent.
If inflation were excluded, the amount marked a
surge of 8.7 percent against the same period last year, according to a report
of the General Statistics Office (GSO). This is much higher than the
year-on-year growth rate of 5.1 percent in the first two months of 2017.
Vu Manh Ha, a GSO expert in domestic economy,
said the Lunar New Year (Tet) week-long holiday in early February boosted
consumption, besides increasing the demand on entertainment services and travel
Thus, the total revenue of retail goods
accounted for 76.15 percent of the national revenue to reach 531.98 trillion
VND, up 10 percent year-on-year, GSO said.
Three of the key products---food, garments and
home appliances---gained a growth of 11-11.8 percent in revenue each. They
accounted for 50 percent of the total national revenue.
The tourism sector accounted for one percent of
the total national revenue but had the largest growth rate of 38.42 percent in
revenue because of the high demand for domestic and international tours.
The high consumption of retail goods and
services was attributed to positive changes in the sale of goods and services,
owing to trade promotion programmes and trade fairs on quality goods before,
during and after Tet.-VNA