Total retail sales revenue for goods and services across Vietnam in the first quarter this year is estimated to have risen 22.3 per cent compared with the same period last year, reported the government’s General Statistics Office (GSO).
The revenue totaled VND163.7 trillion (US$10.2 billion) in the first three months.
The individual sector is the biggest seller, with revenue of VND93.9 trillion accounting for 57.3 per cent of total, and registering growth of 26.5 per cent on-year.
The private sector followed with revenue of VND46.8 trillion, or 28.6 per cent of total sales, up 29 per cent on-year.
The state-owned sector sold VND16.8 trillion in the period, making up 10.3 per cent of the total. Its sales fell 9.2 per cent against a year earlier.
The foreign invested sector recorded the highest surge of 30.6 per cent on year to VND4.4 trillion, making up 2.7 per cent of the country’s retail sales.
The collective sector contributed only 1.1 per cent of the total sales, with revenue of VND1.8 trillion, growing by 19.8 per cent on year.
Regarding businesses, the trade sector maintained biggest sales with revenue of VND134.8 trillion (or 82.43 per cent of total), followed by the hotel and restaurant sector with VND18.3 trillion (or 11.2 per cent), the service sector with VND8.8 trillion (or 5.4 per cent) and the tourism sector at VND1.8 trillion (1.1 per cent).
Among these sectors, the service sector gained the highest growth rate of 32.3 per cent, followed by the hotel and restaurant sector at 21.4 per cent, the trade sector at 21.1 per cent and the tourism sector at 17.6 per cent.
In 2006, Vietnam’s total retail sales revenue grew 20.9 per cent on-year to VND580.7 trillion ($36.3 billion). (GSO Mar 2007, Vietnam Panorama)
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