Vietnam’s retail sales hit four-year high

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Photo from: Canva.com

By: Vietnam News

Retail sales of goods and services in Vietnam reached US$214.8 billion in 2019, increasing by 11.8% compared to last year.

This marks the highest growth rate in the last four years. In 2016, retail sales rose 10 % and hit 11.6 % in 2017 and 2018.

According to Vietnam’s General Statistics Office, rising incomes, boosted by beyond-expectation economic growth of 7.02%, had strengthened purchasing power.

Vietnam’s retail revenue of goods increased by 12.7 %.

 

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