National retail sales in July see highest growth in seven months

The total value of retail sales for goods and services in July was estimated at over VND271.8 trillion (US$12.4 billion), 1.2% higher than last month and 12.3% higher than the same period last year, which is the highest growth over the past seven months.

 

In the first seven months of this year, the retail sales of the State-owned sector was VND205.3 trillion (US$ 9.4 billion), up 14.1%, while those of the non-State and foreign direct investment (FDI) sectors were VND1,579 trillion (US$72.3 billion) and VND61.4 trillion (US$2.8 billion), up 9.5% and 7.8%, respectively.

 

The trade sector posted a retail sales value of over VND1,400 trillion (US$64.1 billion) in seven months, up 10.6% over the same period last year.

 

Meanwhile, the hotel and restaurant sector reported a sales of VND215.9 trillion (US$9.8billion) in seven months, a year-on-year increase of 7.2%.

 

The service sector recorded sales of VND212.6 trillion (US$9.7 billion), up 9.8% over the corresponding period last year. Notably, tourism reached VND16.5 trillion (US$758 million), a year-on-year decrease of 5.1%.