Consumers spend more than 5.77 trillion VND on shopping and services

In the first 10 months, total retail sales of goods and consumer service revenue at current prices are estimated at VND5.77 trillion, an impressive increase of 9.3% over the same period in 2024. (Photo: Vietnam+)

On November 6, the General Statistics Office announced optimistic figures on retail sales of goods and consumer service revenue, showing that people's purchasing power continues to grow.

In the first 10 months, the total retail sales of goods and consumer service revenue at current prices is estimated at VND5.77 trillion, an impressive increase of 9.3% over the same period in 2024. In particular, revenue from accommodation, food and beverage and travel services recorded outstanding growth, reflecting the effectiveness of stimulus policies and tourism promotion programs.

Although trade and service activities in October were affected by natural disasters and floods in some localities, the report said that total retail sales of goods and consumer service revenue were estimated to increase slightly by 0.2% compared to September and by 7.2% compared to the same period last year. This shows the adaptability and resilience of the domestic market.

In October alone, the total retail sales of goods and consumer services revenue at current prices was estimated at VND598.4 trillion. Commodity groups with notable growth compared to the same period last year included garments up 12.3%, household appliances, tools and equipment up 8.9%, food and foodstuffs up 8.4%, accommodation and catering services up 14.1% and tourism and travel also recorded an upturn.

Accordingly, retail sales of goods in the 10 months are estimated at 4.4 million billion VND, accounting for 76.2% of the total and increasing by 8% over the same period last year. In particular, the food and foodstuff group continues to lead with an increase of 10%, garments increased by 8.6%, household appliances, tools and equipment increased by 7.1%, cultural and educational items increased by 6.9%.

Consumers spend more than 5.77 trillion VND on shopping and services

In the 10 months, retail sales of goods are estimated at 4.4 million billion VND. (Photo: Vietnam+)

Many localities have recorded positive growth in retail sales of goods, such as Da Nang up 9.4%, Can Tho up 8.7%, Ho Chi Minh City and Hai Phong up 8.3%, and Hanoi up 8.0%.

Notably, the accommodation, catering and tourism services industry recorded a strong recovery. Revenue from accommodation and catering services in the 10 months was estimated at VND695.1 trillion, accounting for 12% of the total and increasing by 14.6% over the same period last year, including Ho Chi Minh City (up 18.1%), Da Nang (up 16.1%), Can Tho (up 12.8%), Hanoi (up 12.2%) and Hai Phong (up 11.8%).

In particular, tourism revenue is estimated at 77.4 trillion VND, accounting for 1.4% of the total and increasing by 19.8% over the same period last year. This impressive growth is the result of localities effectively implementing many tourism stimulus programs and diversifying tourism products from the beginning of the year. Specifically, Ho Chi Minh City leads with an increase of 23.2%, Hanoi increased by 20.4%, Quang Ninh increased by 18.2%, Vinh Long increased by 16.3%, Hue increased by 15.5%.

In addition, other service revenue in the 10 months is estimated at 600.3 trillion VND, accounting for 10.4% of the total and increasing by 11.8% over the same period last year./.

According to Vietnam+

Source: https://baothanhhoa.vn/nguoi-tieu-dung-manh-tay-chi-hon-5-77-trieu-ty-dong-cho-mua-sam-va-dich-vu-267823.htm