Business

Total retail sales, services revenue edge up 12 percent

SGGP
According to the Department of Industry and Trade of Ho Chi Minh City, total retail sales and services revenue were estimated at VND93.06 trillion in February, down 3.5 percent compared to the previous month as purchasing power strongly increased in January due to preparation for the Tet festive season.

At a supermarket in HCMC (Illustrative photo: SGGP)

At a supermarket in HCMC (Illustrative photo: SGGP)

In the first two months of this year, total retail sales and services revenue reached VND189.51 trillion, up 12 percent compared to an increase of 10 percent in the same period last year. Of which, goods retail sales accounted for 66 percent, up 13 percent; restaurants and accommodation accounted for 9.8 percent, up 14.8 percent; tourism accounted for 2.7 percent, up 10.2 percent; and other services accounted for 21.5 percent, up 8.1 percent.
In addition, in the field of trade and services, there were 3,447 newly-established enterprises with total capital of VND66.5 trillion, up 20.1 percent over the same period last year.
As for export, the city’s export turnover was estimated at US$6.25 billion in the first two months of this year, up 16 percent compared to an increase of 9.8 percent in the same period last year. If excluding crude oil, the city’s export turnover was at $5.91 billion, up 18 percent over the same period last year. Exports of some products maintained growth with computers, electronic devices and components increasing 19.4 percent, vegetables and fruits climbing 17.9 percent and garments and textiles advancing 48.6 percent.
Meanwhile, imports hit $7.04 billion, up 3.6 percent compared to an increase of 14.2 percent in the same period last year. Of which, imports of machineries, equipment, devices and components rose 22.5 percent; chemicals hiked 41.3 percent; and steel surged 21.4 percent.

By Tuong Dan – Translated by Thuy Doan

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