Vietnam has seen a surge in retail sales, which topped VND 3258 trillion (US$106.9 billion) for the first 10 months of this year.
This was a year-on-year growth of 10.7 percent, says the General Statistics Office (GSO) in releasing statistics of retail sales of consumer goods and services. Excluding inflation, the increase evens out at 9.4 percent.
These sales make up 74.9 percent of the total for the sector.
Accommodation, restaurant, and catering services raked in an estimated $18 billion, accounting for 12.5 percent of the total as well as being a 12.5 percent improvement on the same period last year.
Spending on travel for the 10 months reached about $1.3 billion, 15.2 percent more than the same period a year ago, and making up 0.9 percent of the total.
Sales of textiles and garments rose 9.8 percent, home appliances by 8.8 percent, and transport services by 8.4 percent.
Other services totaled $16.8 billion to be 11.7 percent of the total and 9.2 percent up from last year.
During the 10 months, international arrives rose by 28.1 percent year on year to reach nearly 10.5 million, according to the Vietnam National Administration of Tourism.
Source Inside Retail Asia