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

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Vietnam , retail , sales

   

Next In Aseanplus News

Fire sparks ebike concerns
Newly-crowned Miss Thailand 2024 vows to promote self-worth
Court ruling bans wild elephant adoption, victory for animal rights
Critics say ‘never again’ on Marcos uprising
Woman found illegally growing 600 poppy plants
‘Return to work or else ...’
‘Review single-day polling format’
Two months’ jail for instructor after pupil falls from flying fox
Zuckerberg wows Asia on whirlwind tour
Gibran all set to be youngest VP

Others Also Read