Retail sales and consumer services rise slightly in January

Revenues from retail sales and consumer services in January increased by 2.2% against the previous month and 13% over the same month last year, according to the General Statistics Office.

Photo for Illustration (Photo: Thai Thien).

Total revenues in January were estimated at VND275.5 trillion (US$12.9 billion), a rise of 11.9% from January of 2013 when adjusted for inflation.

The national statistical agency said revenues from domestic private enterprises accounted for 86% while the State and foreign sectors made up 10.8% and 3.2% respectively.

A breakdown shows that retail sales revenues went up 3.1% from December to more than VND211 trillion (US$9.9 billion), driven by solid sales of garment products and household appliances.

Revenues from accommodation and restaurant services rose by 2.9% while revenues in the tourism sector fell 1.8%.

Last year, revenues from retail sales and consumer services rose 10.6% to reach more than VND2,945 trillion (US$138.4 billion).

(Source: nhandan.org.vn)