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Jan retail sales at $13.4 billion

Released at: 12:10, 28/01/2016

Jan retail sales at $13.4 billion

Sales up 3.5 per cent against December and 11.7 per cent against January 2015.

by Hoai An

Total estimated retail sales of consumer goods and services in January reached VND297.7 trillion ($13.4 billion), an increase of 3.5 per cent compared to December and 11.7 per cent higher year-on-year.

Source: General Statistics Office

Figures from the General Statistic Office (GSO) put retail sales of goods at VND226.6 trillion ($10.2 billion), an increase of 4.1 per cent month-on-month and up 12 per cent year-on-year. Garments, footwear and hats recorded the highest monthly growth, of 6.2 per cent, followed by food and household appliances with 5.6 per cent and 5.1 per cent, respectively. Compared with January 2015, household appliances recorded the highest growth, of 15.1 per cent, followed by garments, footwear and hats with 12.9 per cent and food with 11.5 per cent.  

Revenue from accommodation and catering services in January was VND35.1 trillion ($1.6 billion), up 2.6 per cent against December and 10.5 per cent higher year-on-year. Tourism revenue was VND2.2 trillion ($99.1 million), up 0.3 per cent year-on-year but down 13.5 per cent compared with December. Tourism revenue in Hanoi and Ho Chi Minh City fell 2.2 per cent and 21.4 per cent, respectively, against December.

The GSO noted that the Lunar New Year (Tet) is approaching and this pushes up consumption demand. Enterprises must stock up on goods to meet the rising demand at this time. It also recommended that local authorities strengthen inspections of and control over the market to prevent speculation and also implement policies to stabilize the price of essential goods.

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