Vietnam Consumer Spending Tender

Total retail sales of consumer goods and services in Viet Nam reached an estimated VND 4.4 trillion US189 billion in 2018 up 11.7 against the same period last year according to the General Statistics Office GSO.In November revenue from retail sales and services stood at VND385 trillion US16.55 billion up 1.1 month-on-month and 12.2 year-on-year.Retail sales in 2018 rose by 12.4 annually to more than VND3.3 quadrillion with strong growth seen in precious stones and metals timber and building materials food household appliances and garment products.Tourism and travel revenues went up 14.1 from the previous year to VND41 trillion US1.76 billion helped by increasing tourism demand and strong growth in foreign arrivals.Revenues from accommodation and catering services were estimated at VND539.5 trillion US15.5 billion up 9.1 compared with 2017.Ho Chi Minh City Hai Phong Binh Dinh Kien Giang Quang Binh Khanh Hoa and Ha Noi are some of the localities showing impressive tourism revenue growth.