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Goods and services retail sales up 12%
Viet Nam's goods and
services sector maintained impressive momentum during the first seven
months of 2013 as total retail sales reached VND1,488 trillion (US$70.9
billion), representing a year-on-year increase of 12 per cent.
According to a General Statistics Office (GSO) report, the country's
total retail sales reached VND213.3 trillion in July, up 0.4 per cent
against the actualised figure in June and surging 12.83 per cent over
the same period last year.
According to the GSO, the total retail sales in July increased due to
a range of factors with stronger consumer demand one of the main
drivers, while the consumer price index (CPI) is estimated to rise as a
result.
Meanwhile other economic sectors posted growth of between 10-37 per
cent year-on-year with the foreign-invested economic sector leading the
charge, although it remains only a 3.3 per cent contributor to the
common indicator.
Trade activities posted strong results, leaping 11.4 per cent, as did
the hotel and restaurant sector with an increase of 14.7 per cent to
VND179 trillion. Tourism meanwhile, rose 2 per cent to VND14.3 trillion.
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