Retail sales, services revenue rises 8.7% in 5 months

By VNA May 31, 2024 | 06:36 pm PT

Customers shop in a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung

Retail sales and services revenue during January-May increased by 8.7% year-on-year to over VND2.58 quadrillion (US$101.3 billion), according to the General Statistics Office.

Revenue from retail sales of goods was estimated at more than VND1.99 quadrillion, accounting for 77.5% of the total and up 7.4% from the same period last year.

Of the total, retail sales of food and foodstuff expanded 10.5%, while that of household appliances and tools was up 13.4%, garment and textile 10.3%, and cultural and educational products 15.5%.

Localities with strong rises in the revenue during the five-month period included Quang Ninh Province (10.1%), Hai Phong City (9.5%), Can Tho Province (8.4%), Da Nang City (8.2%), Ho Chi Minh City (6.8%) and Hanoi (6.7%).

Tourism revenue during the period surged 45.1% year-on-year to VND24.2 trillion, with Da Nang seeing robust expansion of 52%, Ho Chi Minh City 46%, Hanoi 44.6% and Quang Ninh 18%.

Vietnam lured nearly 7.6 million foreign tourist arrivals, up 64.9% year-on-year.