Total retail sales of goods and services reached 2,116.67 trillion VND (94 billion USD) for the January-August period, a 10.1 percent increase year-on-year, or 9.1 percent if inflation is excluded.
Total retail sales of goods and services reached 2,116.67 trillion VND (94 billion USD) for the January-August period, a 10.1 percent increase year-on-year, or 9.1 percent if inflation is excluded.
Among the total, retail sales of goods contributed three-fourth, with a value of 74.8 billion USD, increasing by 10.8 percent.
Retail sales of accommodations, restaurants and catering services posted growths of 11.7 percent, while the tourism sector accounted for 0.9 percent According to Vu Manh Ha, an expert of the General Statistics Office, the purchasing power showed improvements thanks to an abundant supply, stable prices and diversified and high quality products, along with many promotional programmes conducted by companies.
Key consumer products and essential services saw stable prices in the first 8 months of the year. Restaurants witnessed slight increases at 0.1 percent, transport services were up 2.12 percent, healthcare services up 0.01 percent, drugs rose by 0.03 perent, soft drinks were up 0.07 percent and electricity, tap water and gas were down 0.45 percent.
Further, Ha attributed the retail sales increase to the decrease in the consumer price index.
He noted that in the remaining months, total retail sales would improve as the supply of products and consumer goods continue to stabilise.
Purchasing power was one of the indicators that reflected the macroeconomic recovery in the first eight month of this year.-VNA
Vietnamese retailers should pay heed to mobile e-commerce to improve product access for consumers and promote market competitiveness, an official of the Ministry of Industry and Trade said.
Vietnam’s macro-economy has successfully been kept stable and recovery remained on track during the first eight months of 2015, despite complicated global economic fluctuations, a ministry reported.
Vietnam recorded positive changes in almost all fields in the first eight months of this year with its macro-economy remaining stable, economic development staying on track, business climate improved.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Domestic retail sales increase 10.1 percent. (Photo: VNS/VNA)
