City’s retail, service revenues reach US$ 19.8 bln in first five months of 2019

According to a report from the Ho Chi Minh City People's Committee, the city earned VND 463,527 billion (US$ 19.8 billion) from retail sales of goods and service in the first five months of 2019, an increase of 12.3 percent over the same period of last year.

City’s retail, service revenues reach US$ 19.8 bln in first five months of 2019

Of which, total retail sales and revenue of consumer service were estimated at VND 91,326 billion (US$ 3.9 billion) in May, up 0.9 percent from the previous month and 17.8 percent over the same period in 2018. 

Total export turnover of goods was estimated at US$ 15.7 billion, a rise of 7.2 percent over the same period in 2018. The turnover was at US$ 14.8 billion, an increase of 8.3 percent over the same period of last year (excluding crude oil value).

The city’s export markets to some countries as the Philippines, Taiwan (China) and India remain fast growth while exporting to Germany, Australia, Indonesia, Japan and South Korea is struggling a slowdown in the sectors of computers, electronic products, components and vegetables, etc.

In the period, the city’s import turnover of goods was estimated at US$ 19.8 billion, up 5.4 percent over the same period in 2018, focusing on computers, electronic products and components, chemicals, iron and steel, etc. 


BY TRA GIANG- Translated by Huyen Huong

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