Vietnam retail sales, service revenue expand 25.1% in Jan-Sept

Vietnam’s total retail sales and service revenue is estimated to have accelerated 25.1% on-year to VND1282 trillion in the first ten months of this year

Vietnam’s total retail sales and service revenue is estimated to have accelerated 25.1% on-year to VND1282 trillion in the first ten months of this year, the General Statistics Office of Vietnam(GSO) saidThe service revenue contributed VND116.9 trillion, up 22.3% on year in October.

The trade sector reported an on-year revenue increase of 25.8% to VND1010.9 trillion compared with VND905.149 trillion in September, equivalent to 79% of the country’s sum during the nine-month period.

The hotel and restaurant sector posted an on-year revenue rise of 21.6% to VND141.2 trillion; and the tourism saw an increase of 32.2% to VND13.1 trillion and on-year.

The Ministry of Industry and Trade has forecast retail sales and service revenue in the world’s 13th populous country with 86.5 million people will soar 22% from a year earlier to $78.9 billion this year. – GSO

Tags: Vietnam retail market, Vietnam Retail Sales

Posted by VBN on Nov 1 2010. Filed under Economy News, 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