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

VNA
Economy

Vietnam makes bold step to improve business climate: VCCI report

Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Binh Dinh seeks German investment in offshore wind power project
Economy

Binh Dinh seeks German investment in offshore wind power project

The central province of Binh Dinh always create favourable conditions for investor to explore opportunities and invest in the locality, the provincial Party Secretary Ho Quoc Dung said during a working session with Helga Margarete Barth, German Ambassador to Vietnam, and representatives from the German Chamber of Commerce and Industry in Vietnam (AHK Vietnam), and PNE Group on October 30.

Vietnam, Laos step up trade, tourism promotion
Economy

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).