Total retail sales of goods and services remain on upward trend

Friday, 2017-12-01 02:34:01
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Total retail sales of consumer goods and services in the first 11 months this year continue to increase over the same period last year.
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NDO – The General Statistic Office of Vietnam (GSO) has announced several indicators for socio-economic development in several key areas, including the total retail sales of goods and services in November 2017.

Accordingly, the total retail sales of consumer goods and services in November 2017 were estimated at VND344.8 trillion, up 1.8% over the previous month and up 11.7% over the same period last year.

In particular, the State economy was estimated at VND133.6 billion, up 0.6% over October and up 12.55% over the same period in 2016. The household economy sector was estimated at VND2.3 trillion, rising by 3.12% and increasing by 18.39% annually; the private sector VND923.9 billion, up 2.05% and 14.79%, respectively; the collective sector estimated at VND2.3 billion, up 1.83% and 10.05%, respectively; and the foreign invested sector VND0.3 billion, no increase compared to the previous month but up by 3.81% over the same period last year.

For the first 11 month period of 2017, the total retail sales of consumer goods and services were estimated at VND3.6 quadrillion, an increase of 10.7% over the same period of 2016.

Overall, the total retail sales of goods and services of all economic sectors in November 2017 increased in comparison to last month. The cause is due to the increased demand for shopping and consumption, which has forced manufacturers to compete for products with reliable quality and diverse designs. As a result, purchasing power has increased.

By sector, automobile retail sales increased by 17.8%; precious stones and metals up 15.2%; wood and building materials up 12.5%; petroleum increased by 11.8%; food and food stuffs 10.4%; cultural and educational items up 9.7%; garments increased by 9.2%; home appliances up 8.2%; and means of transportation increased by 8.5%.

The increase was quite positive in several localities, including Quang Ninh, which increased by 19.2%; Binh Duong 18.7%; Lao Cai 18.5%; Binh Phuoc 17.9%; Gia Lai by 16.3%; Long An 16.1%; Ha Nam 15.9%; Thanh Hoa 14.7%; Vinh Phuc 14.2%; Bac Giang 14.2%; and Bac Lieu increased by 13.4%.

Revenue from catering and logging services for the first 11 months was estimated at VND445.3 trillion, accounting for 12.4% of the total volume and up 11.2% over the same period last year, of which the figures in Thanh Hoa increased by 16.7%; Ba Ria-Vung Tau up 13.1%; Lam Dong increased by 11.9%; Hanoi 9.8%; and Ho Chi Minh City increased by 8.3%.

Travel sales during the Jan-Nov period was estimated at VND33.7 trillion, accounting for 0.9% of the total and up 16.2% over the same period last year, of which Thanh Hoa topped the increased figures with 20.3%; followed by Khanh Hoa with 19.3%; Ho Chi Minh City 18.4%; Hai Phong 17.6%; and Hanoi 11.5%.

Other service revenue in the first 11 months was estimated at VND424.2 trillion, accounting for 11.8% of the total and up 9.6% over the same period in 2016. Several localities with significant increases in revenue were Thanh Hoa 17.8%; Khanh Hoa 15.5%; Lam Dong 12.4%; Bac Giang 11.7%; Ho Chi Minh City 10.5%; Thai Binh 9.2%; and Hanoi 5.6%.

Regarding budget collection, the total State budget revenue from the beginning of the year to November 15 was estimated stood at VND999.1 trillion, equaling 82.4% of the yearly estimate, of which domestic revenue reached VND790.4 trillion, equaling 79.8%; revenue from crude oil at VND39.5 trillion, equaling 103.2%; and revenue from export and import activities stood at VND164.8 trillion, equaling 91.5%.

Total state budget expenditure, as of mid-November, was estimated at over VND1 quadridlion, equaling 76.6% of the yearly estimate, of which regular expenditures were at VND773 trillion, equaling 86.2%; interest payments VND84.7 trillion, equaling 85.7%; and expenditures for development investment reached VND203.1 trillion, equivalent to 56.9% of the yearly estimate (of which capital construction expenditure at VND198.1 trillion or 56.2%).