Tuesday, 19 Feb 2019

Vietnam consumer spending rises 11.3% in Jan - Sep

Updated at Tuesday, 02 Oct 2018, 11:04
The Hanoitimes - If excluding the price factor, the growth rate was 8.8% during the period, higher than the rate of 8.76% recorded in the same period in 2017.
Total retail sales of consumer goods and services reached an estimated VND3,235 trillion (US$138.25 billion) in the first nine months of 2018, up 11.3% against the same period last year, according to the General Statistics Office (GSO). 
Illustrative photo.
Illustrative photo.
If excluding the price factor, the growth rate was 8.8% in the period, higher than an 8.76% rise recorded in the same period in 2017.

In September, revenue from retail sales and services stood at VND374.8 trillion (US$16 billion), up 1.3% month-on-month and 12.5% year-on-year, totaling VND1,110 trillion (US$47.43 billion) in the July - September period, up 3.8% against the previous quarter and 12.5% year-on-year.

On breaking down, retail sales of goods in the nine-month period gained an estimate of VND2,400trillion (US$102.56 billion), accounting for 75.2% of the total and increasing by 12% over the similar period last year. 

Estimated sales of accommodation and catering services in the January - September period attained VND396 trillion (US$16.92 billion), accounting for 12.3% of the total and moving up by 8.4% from the same period last year. 

​Sales of tours in nine months of this year achieved an estimate of VND30.3 trillion (US$1.29 billion), making up 0.9% of the total and climbing by 16.9% against the similar period last year.

Sales of other services during this period was estimated at VND375.7 trillion (US$16.05 billion), representing 11.6% of the total and increasing by 9.7% compared to the comparable period in 2017.
Ngoc Mai
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