Service, Financial Markets Bustling in Remaining Months

Vietnam will see a bustling service and financial markets in the remaining months with increasing prices of consumer goods, Vietnam News Agency said on November 19.

 

In the fourth quarter, total retail sales of goods and services are expected to rise 11 per cent on year at VND180 trillion, bringing the whole-year revenues to VND689.6 trillion, up 18.7 per cent from 2006.

 

Financial, banking, and insurance will have rapid growth, while stock market will recover in line with the country’s high economic growth.  

 

Insurance market will witness the revenue growth of 10 per cent, of which life insurance increases 5.5 per cent and non-life 17 per cent.

 

Tourism market will see a successful year with international visitors to Vietnam reaching 4.3 million -4.5 million people, up 26 per cent from 2006, and domestic tourists about 10.5 million people, up 6 per cent.

 

The transport sector expects total revenues growth of 8 per cent on year to VND24.5 trillion, with number of passengers increasing 9.5 per cent and commodities rising 9.8 per cent.

 

Telecom services will grow sharply with higher quality and lower mobile phone charges. Two telecom corporations, Viettel and VNPT, are expected to reduce 20 per cent-25 per cent of their charges by the end of the year. Number of new telephone subscribers this year will be 12.5 million, bringing a total to 47.9 million, 73 per cent of which are mobile phone users.

 

Total internet subscribers this year will be 1.3 million, bringing total to 5.4 million so far, or 6.33 subscribers per 100 households. (VNA)