Retail goods, services generate over US$30.8 billion in Jan-Feb

ABO/NDO - Retail goods and services generated revenues of VND704 trillion (US$30.88 billion) in the first two months of the year, an annual increase of 10.1 percent.

Retail goods and services generated revenues of US$30.88 billion in the first two months of 2018 (Photo: VNA)

If inflation were excluded the amount marked a surge of 8.7 percent against the same period last year, according to a report by the General Statistics Office (GSO), much higher than the annual growth rate of 5.1 percent in the first two months of 2017.

Thus, the total revenue of retail goods accounted for 76.15 percent of the national revenue to reach VND531.98 trillion, up 10 percent annually, GSO stated.

Three of the key products-food, garments and home appliances-each gained a growth of 11-11.8 percent in revenue. They accounted for 50 percent of the total national revenue.

The tourism sector accounted for one percent of the total national revenue but had the largest growth rate of 38.42 percent in revenue due to the high demand for domestic and international tours.

The high consumption of retail goods and services was attributed to positive changes in the sale of goods and services, owing to trade promotion programmes and trade fairs on quality goods before, during and after Tet.

(Source: NDO)