/

Vietnam’s Retail, Service Revenues Up 8.6%

In June, retail sales and service revenue reached 522.5 trillion dong (20.5 billion USD), up 9.1% year-on-year, driven by tourism and food sales, according to the office.

1 min read
This photo taken on Dec. 9, 2023 shows a view of Hanoi, capital of Vietnam. (Xinhua/Cheng Yiheng)

Vietnam’s total goods retail sales and consumer service revenues increased by 8.6 percent year on year in the first six months of 2024 to more than 3.09 quadrillion Vietnamese dong (121.39 billion U.S. dollars), according to the latest statistics of the country’s General Statistics Office.

During the cited period, the restaurant and accommodation revenues increased 15.2 percent, and tourism revenues surged 37.1 percent compared to the same period last year, according to the office.

Specifically, Vietnam’s goods retail sales stood at over 2.39 quadrillion dong (93.89 billion dollars), up 7.4 percent, with the sales of food and foodstuff growing by 10.4 percent, those of culture and education rising by 12.9 percent, and those of textiles going up by 9.6 percent.

In June alone, the revenue from retail sales of consumer goods and services totaled 522.5 trillion dong (20.5 billion dollars), an increase of 9.1 percent year on year thanks to the contribution of tourism and foodstuff, said the office.

Xinhua News Agency

Founded in 1931, Xinhua News Agency is one of the largest news organizations in the world, with over 10,000 employees across the globe. As the main source of news and information for China, Xinhua plays a key role in shaping the country's media landscape and communicating its perspectives to the world. Sri Lanka Guardian serves as an official content syndication partner of Xinhua.

Leave a Reply

Your email address will not be published.

Latest from Blog