Retail sales up 10.6% in 2014

10:42 | 30/12/2014

VGP – The country’s total retail sales and service revenues are estimated to reach VND2.945 trillion in 2014, up 10.6% compared to the previous year.

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Of which, the non-State sector accounted for 86.5%, reaching nearly VND2.548 trillion, up 10.5%. The foreign-invested sector posted the highest growth rate of 16.9%, achieving VND97,800 billion, making up 3.3%. The State sector recorded the figure of VND299,700 billion, accounting for 10.2% and up 9.6%.

The total retail sales in December attained VND205,100 billion, up 1.9% compared to the previous month, contributing to the total retail sales of the whole year to VND2.216 trillion, accounting for 75% of the total retail sales and service revenues and up 11.3% against the previous year.

The restaurant and tourism sector collected VND32,200 billion in December, bringing the total figure of the year to VND381,800 billion, up 8%.

Earlier, according to the General Statistics Office, the nation’s Consumer Price Index (CPI) in December decreased 0.24% in comparison with the previous month, recording the lowest CPI in the recent 10 years.

By Thuy Dung