Vietnam's retail sales of goods, services predicted to increase by year end

HANOI: Vietnam's retail sales of goods and services may increase again from now until the end of this year as the domestic economy is gradually recovering and disbursement of public investment continues to be promoted, Vietnam News cited experts as saying on Monday (Dec 4).

According to the report, retailers in Vietnam are increasing inventory and have launched promotions in anticipation of opportunities in the year-end shopping season, as there are just over two months left until the Lunar New Year -- the biggest festival in a year of Vietnamese people.

It is forecast that consumer demand for essential goods will surge during the new year, so many businesses have implemented plans to stock up on goods and negotiate with suppliers to ensure supplies.

The country's total goods retail sales and consumer service revenues increased 9.6 per cent year on year in the first 11 months of this year to over 5.6 quadrillion Vietnamese dong (US$230.7 billion), according to the country's General Statistics Office. - Xinhua

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Vietnam , retail , sales


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