Vietnam retail sales and service revenue expand 23.7% in Jan-Feb

Vietnam’s total retail sales and service revenue is estimated to have accelerated 23.7% on-year to VND304.34 trillion in the first two month of this year

Vietnam’s total retail sales and service revenue is estimated to have accelerated 23.7% on-year to VND304.34 trillion in the first two month of this year, the state-run Nhandan reported on January 26, citing the General Statistics Office of Vietnam(GSO).

In February alone, retail sales and service revenue is estimated to increase by 3.15% on month to VND149.73 trillion.

In details, the trade sector in February fell by 4.71% from Jan. Meanwhile, the service revenue, the hotel and restaurant sector and the tourism posted an average increase of between 2.26%-4.13% from January due to a long Tet holiday.

Last year, total retail sales and services revenue surged by 24.5% year on year to VND1,561 trillion (roughly $78 billion) in 2010, or VND1,100 trillion higher than the target. – Stoxplus.com

Tags: Vietnam retail market, Vietnam Retail Sales

Posted by VBN on Feb 28 2011. Filed under Industry, Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry