Retail sales in Vietnam up 12.2% in January | #AsiaNewsNetwork - News Summed Up

Retail sales in Vietnam up 12.2% in January | #AsiaNewsNetwork


Among localities nationwide, the capital city posted the highest growth in retail sales of goods at 15.1 per cent. As per the data, retail sales of services topped VNĐ43 trillion, representing a monthly rise of 1.8 per cent and a yearly increase of 7.4 per cent. According to the Việt Nam Institute for Trade Research, the goods retail market is seeing a blooming trend of minimarts and convenience stores. The institute forecast that convenience stores would see double-digit growth in the next three years and reach 37.4 per cent growth in 2021. Last year, total retail sales of goods and services in Việt Nam reached nearly VNĐ4.4 quadrillion, representing a rise of 11.7 per cent against the previous year.


Source: Viet Nam News February 01, 2019 05:37 UTC



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