Vietnam retail sales, services revenue +26.1% In Jan-Aug

Total retail sales and services revenue in Vietnam is estimated to have soared 26.1% on year to VND1009.241 trillion ($51.76 billion) in the first eight months of this year

Total retail sales and services revenue in Vietnam is estimated to have soared 26.1% on year to VND1009.241 trillion ($51.76 billion) in the first eight months of this year, the General Statistics Office said in a statement released Thursday.

In August, the figure reached VND131.039 trillion, increasing 1.19% from July, the office said.

The trade sector contributed the biggest share in the revenue during the period, representing 79% of the total, or VND797.844 trillion, up 27.3% on year.

Other biggest components are the hotel and restaurant sector with VND110.291 trillion, rising 21.5% on year; and the service sector with VND90.458 trillion, up 21.5% on year and tourism sector with VND10.648 trillion, up 35.4% from a year earlier.

The Ministry of Industry and Trade forecast retail sales and services revenue of the 86.5 million people country will reached $78.9 billion this year, rising 22% from 2009. – GSO

Tags: Vietnam retail market, Vietnam Retail Sales

Posted by VBN on Aug 27 2010. 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