HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Sales of goods and services soar
Date: 10/9/2009 11:29:44 AM
Total turnover for goods and services in the first nine months of the year surged by 18.6 per cent year-on-year to VND845.4 trillion (USD 47.2 billion) thanks to a series of Government stimulus measures and promotional programmes, according to the General Statistics Office (GSO).
Sales of goods and services in the country’s two largest cities – Ha Noi and HCM City – in the first nine months reached VND303.2 trillion (USD16.9 billion), accounting for 35.9 per cent of the figure nationwide and representing a rise of 18.5 per cent against the same period last year.
The GSO said that business turnover reached VND662.5 trillion (USD37 billion), up 19 per cent over the same period last year.
Hotel and restaurant revenues reached nearly VND96 trillion (USD5.4 billion), a surge of 16.3 per cent year-on-year.
The service sector, meanwhile, contributed 9.3 per cent or VND78.8 trillion (USD4.4 billion) to the country’s total retail turnover, a year-on-year rise of 19.1 per cent.
Sales of goods and services in the country’s two largest cities – Ha Noi and HCM City – in the first nine months reached VND303.2 trillion (USD16.9 billion), accounting for 35.9 per cent of the figure nationwide and representing a rise of 18.5 per cent against the same period last year.
For the past few months, businesses have implemented a series of measures to boost domestic sales.
For example, fresh and frozen meat processor Vissan last month cut prices and increased its range of products, which helped it sell more than 1,000 tonnes of goods – a 27.9 per cent increase over the same period last year.
Deputy general director of Sai Gon Co-op Nguyen Thanh Nhan said that the implementation of promotion programmes last month helped turnover at his supermarket chain surge 40 per cent year-on-year.
The deputy director of the Domestic Market Department under the Ministry of Industry and Trade, Vu Van Quyen, said that besides promotion campaigns, Government stimulus policies included scrapping or reducing personal income tax and value added tax, which he said had had positive impact on retail sales.
(Source:VNS)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
