Ten-month retail sales of consumer goods, services up 8.5%

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.5% to over 5,246 trillion VND (207.5 billion USD) during January – October, the General Statistics Office (GSO) reported.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Revenue from retail sales of goods was estimated at 4,048 trillion VND, accounting for 77.2% of the total and up 7.8% year-on-year. Sales of food and foodstuff rose by 10.7%, household appliances and tools 8%, garment 8.7%, vehicles (except cars) 7.5%, and cultural and educational products 6.6%.

Revenue from accommodation and catering services totaled 602.3 trillion VND, up 12.5% year-on-year, while tourism and travel services earned 50.3 trillion VND, rising 14.2%.

According to the GSO, Vietnam attracted nearly 1.42 million international visitors in October, up 27.6% year-on-year, and over 14.1 million in the first 10 months, up 41.3% year-on-year.

A rise in tourism revenue was seen in several localities during January-October, including Can Tho up 31.2%, Ho Chi Minh City 15.9%, Khanh Hoa 15.4%, Binh Dinh 11.9%, Hanoi 9.8% and Da Nang 6.1%.

The revenue from other services in the first ten months of 2024 was estimated at 545 trillion VND, accounting for 10.4% of the total and increasing by 9% over the same period last year.

Economy

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.