HCMC’s retail sales drop sharply in July
Vendors and buyers are required to practice social distancing at a traditional market in HCMC. The city’s total retail sales of goods and services fell sharply last month - PHOTO: LE VU
HCMC - HCMC’s total retail sales of goods and services in July were estimated at VND51,576 billion, dropping 27.7% from June and 42.2% compared with the same period last year.
The retail sales of goods alone were VND35,780 billion, falling 20.1% month-on-month and 25.1% year-on-year.
Revenue from catering and accommodation services reached VND1,156 billion, falling 52.9% month-on-month and 84.1% year-on-year.
Of the figure, revenue from accommodation services dropped 26.8% month-on-month and 73.7% year-on-year to VND123 billion.
Meanwhile, revenue from catering services dropped 54.8% month-on-month and 84.8% year-on-year to VND1,033 billion.
The city earned hardly anything from travel services as the tourism industry has been shut down due to the raging Covid-19 pandemic.
Revenues from other services were estimated at VND14,640 billion, declining 39.4% from the previous month and 56.5% compared with the same period last year.
Of them, revenues from real estate services reached VND9,831, falling 40.3% month-on-month and 53.2% year-on-year.
The city’s total retail sales of goods and services from January to July were estimated at VND583,192 billion, falling 1.8% compared with the same period last year.
Of the figure, the retail sales of goods reached VND335,788 billion, accounting for 57.6% of the total and increasing 2.2% year-on-year.
Specifically, the sales of food and foodstuffs rose 5.9% year-on-year and accounted for 17.6% of the total retail sales of goods.
The sales of household appliances, tools and equipment fell 0.6% and accounted for 14.7% of the total, while that of oil and gas rose 8.2% and accounted for 9.4%.
Data of the General Statistics Office showed that the country’s total retail sales of goods and services from January to July amounted to nearly 2.8 quadrillion, increasing 0.7% compared with the same period last year.
Excluding inflation, the total retail sales of goods and services in the seven-month period fell 0.74% year-on-year.
In July alone, the total retail sales of goods and services of the country reached VND339,000, falling 8.3% from June and 19.8% from the same period a year ago.
- Politburo gives opinions on socio-economic performance
- China's Xi urges Afghanistan to stamp out terrorism, vows more aid
- Tour for frontline forces against the epidemic to be piloted
- The Global Supply of Coffee Constrained by Lockdowns in Vietnam, Fitch Says
- Attractive places to visit in Lang Son province
Big Wins Amidst The Pandemic: These Vietnamese Startups Recently Secured Million-Dollar Fundings
Vietnam is considering to reduce VAT by 30 percent to boost economic recovery
Vietnam, China work to facilitate bilateral trade
Online event connects technology demand-supply between Vietnamese, Dutch firms
Prolonged Covid-19 shutdowns in Vietnam are becoming a bigger headache for retailers
Arlo Introduces Newest Addition To Its Award-Winning Pro Series With Pro 4 Spotlight Camera
Cryptocurrency and Millennials—The Perfect Match: An Expert Article by OctaFX
Curated Conscious Beauty Solutions Online Platform, Aardae, Launches In Singapore
Chen Zhi Scholarship Jointly Launched by Prince Group and Ministry of Education Youth and Sport to Prepare Cambodian University Students For Post-Pandemic Future
Cognian and Avnet Enter Strategic Engagement