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Wednesday, June 19, 2024

HCMC’s retail sales surge by 12% in Jan-Apr

The Saigon Times

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HCMC – Retail sales of consumer goods and services in HCMC surged by 12% year-on-year in January-April, according to the municipal Department of Industry and Trade.

During the first four months of this year, the city’s retail sales generated VND177.09 trillion, up by 10.5% year-on-year.

An array of product categories showcased substantial growth compared to last year, with food rising by 8.6%, household equipment by 20.5%, wood and construction materials by 29.9%, and garments by 3.4%.

Nationwide, total retail sales of goods and services for the same period are estimated to reach VND2,062.3 trillion, an 8.5% year-on-year increase.

Retail revenue from goods amounted to VND1,594.5 trillion, a 7.1% increase against the same period last year. Sectors experiencing year-on-year double-digit growth include food (11%), household equipment (14.9%), garments (10.3%), and cultural and educational items (17.8%).

Regions with high retail revenue include Quang Ninh, Haiphong, Can Tho, Binh Duong, Dong Nai, Danang, HCMC and Hanoi.

Revenue from lodging and dining services is estimated at VND237.3 trillion, up by 15.3% year-on-year.

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