The total revenue from retail trading and the service sector during the first six months of this year is estimated at VND1.27 trillion (US$60.6 million), a surge of 11.94 per cent year-on-year.—Photo cohoigiaothuong

HA NOI (Biz Hub)— The total revenue from retail trading and the service sector during the first six months of this year is estimated at VND1.27 trillion (US$60.6 million), a surge of 11.94 per cent year-on-year.

Figures released by the General Statistics Office (GSO) show that retail sales this month were VND212.2 billion ($10.1 million), a slight fall of 0.25 per cent over the previous months.

The industrial sector accounted for the largest amount of the increase in this period, recording 77 per cent, followed by hotels, restaurants and services.

Co-operatives posted the highest decrease of 0.46 per cent, following by foreign invested and private firms with 0.38 and 0.35 per cent respectively.

Tourist sector saw the biggest decrease of 1.02 per cent.

The department also estimated that Ha Noi had 6,192 firms register to cease operating during January-May this year, down 20 per cent from the same period last year.

Of the total, 222 firms have finished operating, a 27 per cent increase over the same period last year, while 1,266 firms are preparing the necessary documentation for closing.

More than 2,800 establishments have left their business registration addresses, a drop of 2 per cent and 1,900 firms have registered to cease their temporary operations, representing a 49 per cent year-on-year decrease, the GSO added.

In the first quarter of this year, over 7,000 new firms have been set up with a total registered capital of VND52.3 trillion ($2.48 billion), a drop of 9.5 per cent in quantity but a rise of 13.2 per cent in capital when compared with the corresponding period last year. — VNS