Sales of food and foodstuff rose by 10.7 per cent, household appliances and tools 8 per cent, garment 8.7 per cent, vehicles (except cars) 7.5 per cent, and cultural and educational products 6.6 per cent.
In July alone, Việt Nam''s retail sales and services revenue was VNĐ528.3 trillion, a rise of 9.4 per cent from the same period last year, the General Statistics Office (GSO) said.
Việt Nam''s retail sales and services revenue in the first five months of this year rose 8.7 per cent, totalling VNĐ2.58 quadrillion (more than US$1 billion).
The figure contributed to a year-on-year rise of 8.1 per cent in total retail sales of goods and revenue from consumer services in the first two months of this year to VNĐ1.03 quadrillion.
Even in a difficult economic context, it is expected that purchasing power during this year''s Lunar New Year could increase by over 10 per cent compared to the same period last year.
Total retail sales of consumer goods and services hit VNĐ524.6 trillion ($21.4 billion) in September, up 2.4 per cent month-by-month, indicating a recovery in demand.
Competition in the retail market is predicted to be more intense with the participation of new retailers and operation expansion of existing domestic and international retailers.
Retail sales of goods in January-June period in some localities rose sharply such as Binh Duong (15.6 per cent), Quang Ninh (14.5 per cent), Hai Phong (14 per cent), Dong Nai (12.3 per cent) and Khanh Hoa (9.7 per cent)...
Compared to Q1 of 2019, before the COVID-19 pandemic broke out, the amount in this year’s first three months increased by 26.7 per cent, the GSO noted.
Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfil the goal of an increase of 8-9 per cent in retail sales of goods and services.
The General Statistics Office (GSO) explained that the hike was attributed to the growing consumption demand as Tet (Lunar New Year), the biggest and longest festival in the Southeast Asian nation, fell in the month.