Purchasing power picks up 9.1% in Q1

Total goods retail sale and service value was estimated at over VND 856 trillion in Q1, representing a year-on-year growth of 9.1%.
However, excluding price factors, the total sale only rose 7.9%, lower than the rate of 9.2% recordedlast year.

Retail sale of goods valued VND 657 trillion, accounting for 76.4% of thetotal, up 9.2% against the same period last year.

Cateringand food service turnoverreached VND 97.3 trillion, making up 11.3% of the total, up 8.5% the same period last year.

In March, total goodsretail saleand service valueamounted to VND 275.4 trillion, down 3.4% against the previous months but up 8.8% against the same period last year.

Source: VGP