Vietnamese spend big: Retail and consumption growth of 9.1% in 11 months

The high growth rate comes from the fact that localities have proactively and effectively implemented many tourism stimulus programs and diversified products since the beginning of the year.

Retail sales of goods still accounted for the largest proportion (76.2% of total) and reached VND 4,859.0 trillion, up 7.9% over the same period.

According to information released by the General Statistics Office on December 6, the total retail sales of goods and consumer service revenue nationwide in the first 11 months of the year achieved an impressive growth rate of 9.1% compared to the same period last year. This reflects the clear effectiveness of policies and programs to stimulate consumption. This is also a positive growth rate, surpassing the 8.9% growth rate of the same period in 2024, thereby demonstrating the recovery of the economy .

In the 11 months, the total retail sales of goods and consumer services revenue at current prices is estimated at VND6,377.7 trillion. Excluding the price factor, the actual growth rate reached 6.8%, significantly higher than the 5.8% increase in the same period in 2024.

Specifically, the service industry groups that created outstanding growth momentum during this period were tourism revenue estimated at VND85.4 trillion, a sharp increase of 19.9% ​​over the same period last year. This high growth rate came from the fact that localities proactively and effectively implemented many tourism stimulus programs and diversified products from the beginning of the year. Localities leading the growth momentum included Hanoi (up 23.4%), Ho Chi Minh City (up 22.3%) and Quang Ninh (up 18.2%).

Along with that, revenue from accommodation and catering services is estimated at 767.8 trillion VND, up 14.6%, in which Ho Chi Minh City leads with an increase of 17.3%, followed by Da Nang (15.8%) and Hanoi (13.4%).

In the consumption structure, retail sales of goods still accounted for the largest proportion (76.2% of the total) and reached VND 4,859.0 trillion, up 7.9% over the same period.

Essential goods groups all maintained good growth, especially food and foodstuffs up 9.6%, garments up 8.5% and household appliances, tools and equipment up 7.8%. Some localities recorded high growth in retail sales of goods such as An Giang (9.9%), Dong Nai (7.9%) and Ninh Binh (7.7%).

In November alone, total retail sales of goods and consumer services revenue at current prices reached VND601.2 trillion, stable compared to the previous month and up 7.1% over the same period last year. A notable point in the month was that revenue from household appliances, tools and equipment increased by 13.6%, mainly due to increased shopping demand when the weather changed seasons and people replenished and replaced their appliances after the floods.

In addition, other service revenue also reached 665.5 trillion VND, up 11.2% over the same period, with Hai Phong and Vinh Long being the two localities with the highest increase.

vietnamplus.vn

Source: https://baolaocai.vn/nguoi-viet-manh-tay-chi-tieu-ban-le-va-tieu-dung-11-thang-tang-truong-91-post888318.html