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Goods and services value grows 10%

Released at: 09:12, 03/09/2015

Goods and services value grows 10%

August against July and year-on-year figures for first eight months both in double digits.

by Thu Hoang- Do Phong

The total retail value of goods and services in August was estimated at VND271.7 trillion ($11.95 billion), an increase of 0.2 per cent compared with July and up 10.1 per cent against the same period last year, the General Statistics Office (GSO) has reported.

Sales of goods reached VND207.1 trillion ($9.1 billion), up 0.9 per cent and 10.8 per cent, respectively, compared with July and August 2014.

Revenue from hotels and restaurants totaled VND32.4 trillion ($1.42 billion), 0.1 per cent and 11.3 per cent higher than in July and last August, respectively.

Tourism revenue fell 10.5 per cent against July, to VND2.8 trillion ($123.2 million), but rose 12.8 per cent year-on-year.

Revenue from other services totaled VND29.4 trillion ($1.29 billion), a 3.2 per cent decline month-on-month and an 8.5 per cent increase year-on-year.

The total retail value of goods and services in the first eight months reached VND2,116.7 trillion ($93.1 billion), an increase of 10.1 per cent compared with the same period last year and 7.8 per cent higher excluding price fluctuations of 9.1 per cent.

Abundant sources of goods along with stable or falling prices in many groups of goods and services, more promotions, various packaging of goods, and improved quality of products and services were key factors behind the increase in the first eight months.

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