Apart from impressive growth of industrial production index, trade and service activities in the seven months of this year were fairly active as local spending grew. 

 

A report from the General Statistics Office showed the total retail of consumer goods and services in July was estimated at 371.5 trillion VND (16.36 billion USD), up 1.6 percent month-on-month and 13.3 percent year-on-year. 

 

During the month, revenue from goods retail reached 277.1 trillion VND, up 1.6 percent monthly and 14 percent annually. Meanwhile, accommodation and dining generated 45.9 trillion VND, up 2.1 percent and 6.4 percent, respectively, and tourism revenue hit 3.5 trillion VND, marking a respective increase of 2.3 percent and 9.2 percent. 

 

In the first seven months, the total retail of consumer goods and services amounted to 2.49 quadrillion VND (100 billion USD), up 11.1 percent annually. Of the figure, 1.87 quadrillion VND was from goods retail, accounting for 75.2 percent and up 11.7 percent year-on-year. 

 

Consumers mostly bought necessities such as food (up 12.6 percent), apparel (12.4 percent), household appliances (12.3 percent) and stationery (10.3 percent).-VNA