Seven-month retail sales boosted by growing consumption demand

7/31/2018 - 3:15:49 PM

Besides the impressive growth of the index of industrial production, trade and service activities were also bustling in the first seven months of this year due to increasing consumption demand.

The consumption demand mainly focused on essential goods, including food and foodstuffs (illustrative image)

According to the General Statistics Office (GSO), the total retail sale value of goods and services was estimated at VND371.5 trillion (US$15.97 billion) in July, up 1.6% over the previous month and up 13.3% over the same period in 2017.

Thus, the total retail sale value of goods and services in the first seven months of this year climbed to VND2,490 trillion (US$107.07 billion), an increase of 11.1% over the corresponding period last year.

Of which, the retail sale value of goods was reported at VND1,870 trillion (US$80.41 billion), accounting for 75.2% of the total retail sale revenue and up 11.7% compared to the same period in 2017.

The GSO reported that the consumption demand mainly focused on essential goods, including food and foodstuffs, with an annual increase of 12.6%, while apparels saw an annual rise of 12.4%, household equipment with an annual increase of 12.3% and cultural-educational products, up 10.3%.

Several localities posted high retail sale growth of over 12% including Thai Nguyen, Ho Chi Minh City, Thanh Hoa, Lam Dong, Binh Dinh, Bac Giang, Hanoi and Nam Dinh.

Source: NDO

Hoa Binh on track to exceed socio-economic targets

Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.

Hoa Binh makes efforts to develop infrastructure in industrial clusters

Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.

Banks offer credit support to victims of typhoon Yagi

Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.

Party member brings Muong Vang turmeric starch far and wide

Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.

Fair to display and introduce typical products of ethnic minority and mountainous areas

In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.

Farmers enjoy good harvest, good prices of Cao Phong orange

Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.