Vinh Phuc’s retail sales, service revenue grow 2.31 percent in October
Economic activities, trade activities in particular, in the northern province of Vinh Phuc have regained growth in October, with prices of goods and services remaining stable.
A customer shops at BigC Vinh Phuc (Source: baovinhphuc.com.vn)
Vinh Phuc, (VNA)♎ – Economic activities, trade activities in particular, in the northern province of Vinh Phuc have regained growth in October, with prices of goods and services remaining stable.
Total retail sales and service revenue topped almost 5.02 trillion VND (216.8 million USD), up 2.31 percent from September.
Of the figure, goods retail sales were estimated at over 4.4 trillion VND, a monthly increase of 2.65 percent.
Among services, revenues from accommodation, restaurant and travel services dropped 1.69 percent to over 389 billion VND, but earnings from other consumer services picked up 2.87 percent to more than 212 billion VND. Revenue from transport services rose 3.61 percent from last month and 4.04 percent from the same period last year to over 398 billion VND.
Total retail sales and service revenue for the January-October period added to 41.87 trillion VND, up 0.01 percent from the same period last year./.
A groundbreaking ceremony for an international conference centre in the northern province of Vinh Phuc, invested by property developer FLC Group, was organised in the locality on October 12.
The northern province of Vinh Phuc is aiming for an average nearly 11 percent growth per year of the commercial and service sector in the 2021-2025 period while developing a modern network of commercial and service facilities.
Vinh Phuc has reaped success in attracting foreign direct investment (FDI) for many years, and the source of FDI capital has become a driver of economic growth in the province.
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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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.
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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.
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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.
A customer shops at BigC Vinh Phuc (Source: baovinhphuc.com.vn)
