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JULY RETAIL SALES EXPAND 9.4% Y-O-Y
Total retail revenue from consumer goods and services in July picked up by 9.4% against the same period last year, with tourism being a primary contributor, according to the Ministry of Industry and Trade’s portal.
From January to July, the country’s total retail sales of consumer goods and services were estimated at VND3,635.7 trillion, an 8.7% year-on-year increase.
Retail revenue from goods alone amounted to around VND2,801 trillion, accounting for 77.3% of the total, which represents a 7.4% rise over last year.
Various product categories showed growth over the previous year, with food rising by 10.7%, household equipment by 11.1%, garments by 9.1%, and cultural and educational items by 11.2%.
Several localities reported higher retail sales than in the year-ago period, including Quang Ninh (10.2%), Danang (7.8%), Can Tho (7.6%), Hanoi (6.6%), and HCMC (6.3%).
Source: The Saigon Times
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