Total retail sales of goods and consumer service revenue grew quite well.

According to data from the Ha Tinh Statistical Office, in the first 5 months of 2023, total retail sales of goods and consumer service revenue in the area reached more than VND 28,212 billion, an increase of 20.3% over the same period last year.

In the first 5 months of 2023, total retail sales of goods reached more than 23,547 billion VND, an increase of 19.34% over the same period last year.

Specifically, retail sales of goods reached more than VND 23,547 billion, up 19.3% over the same period last year. Essential goods groups increased sharply such as: food and foodstuffs reached VND 10,848 billion, up 26.7%; gasoline and oil of all kinds reached VND 2,921 billion, up 34.7%; household appliances and equipment reached more than VND 2,422 billion, up 27.6%; garments reached more than VND 1,236 billion, up 36%...

In the retail groups listed, only 2 groups' revenue decreased compared to the same period: passenger cars decreased by 17.3% and other means of transport decreased by 36.6%. According to the analysis of the General Statistics Office, these are not essential items, the demand for purchase decreased, partly due to the high credit interest rate as well as the amount of capital stuck in the real estate market. However, the proportion of retail revenue of these 2 groups is not high, so it does not greatly affect the overall increase of total retail sales of goods in the province.

Total retail sales of goods and consumer service revenue grew quite well.

Food service revenue in the first 5 months of the year reached more than 2,727 billion VND, up 24.6% over the same period last year.

Revenue from accommodation, food and beverage and tourism services reached VND2,852.3 billion, up 25.2% over the same period last year. Of which, the accommodation industry reached VND106.60 billion, up 24.9%; food and beverage reached over VND2,727 billion, up 24.6%; tourism reached VND18.5 billion, up 351.3% over the same period last year.

Revenue from other services reached VND 1,812.8 billion, up 25.7% over the same period last year; in which, revenue groups with high and strong growth were: real estate business group increased by 22.6%; administration and support services increased by 44.7%; arts, entertainment and recreation increased by 149.8%...

Total retail sales of goods and consumer service revenue grew quite well.

Vibrant tourism activities contribute to increased revenue from retail and consumer services.

The assessment of the functional sector also shows that the total retail sales of goods and consumer service revenue increased quite high compared to the same period last year because the COVID-19 epidemic no longer has much impact on the production, business and circulation of goods.

In addition, the impact of the sunny weather affects the revenue of refrigeration products, clothing, beverages, and food, increasing consumer demand. The seasonal factor of peak sea tourism business also increases the revenue of seafood, beverages, clothing, and souvenirs.

In addition, in the first months of the year, coinciding with major holidays, the demand for entertainment increases, accommodation service businesses and restaurants welcome many tourists to relax and eat, so revenue increases.

Ngoc Loan

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