Retail Sales and Consumer Services Revenue in January 2024 Increase by 8.1% YoY

With the approach of Tet Lunar New Year in January, commercial and service activities are bustling to meet the consumer demand. The total retail sales of goods and consumer services in January 2024 are estimated to increase by 8.1% compared to the same period last year.

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According to the report by the General Statistics Office, the total retail sales of goods and consumer services in January 2024 are estimated to reach 524.1 trillion dong, up 1.6% compared to the previous month and up 8.1% compared to the same period last year (an increase of 13.3% compared to the same period in 2023), if excluding the factor of price increase of 5.8% (an increase of 9.1% compared to the same period in 2023).

The total retail sales of goods and consumer services at current prices in January 2024 reached a higher scale compared to the same period in previous years due to the increased demand for cultural and educational products; household goods, tools, and equipment; and accommodation services, food and beverage, and travel services compared to the same period last year.

The revenue from retail sales of goods in January 2024 reached 407.5 trillion dong, up 7.3% compared to the same period last year, in which: The group of cultural and educational products increased by 22.5%; household goods, tools, and equipment increased by 13.4%; food and foodstuffs increased by 6.2%; means of transportation (excluding cars) increased by 2.5%; clothing and apparel increased by 1.5%. The revenue from retail sales of goods in January 2024 compared to the same period last year in some localities: Quang Ninh increased by 11%; Hai Phong increased by 10.4%; Da Nang increased by 9.2%; Dong Nai increased by 8.1%; Ho Chi Minh City increased by 7.5%; Binh Duong increased by 7.0%; Hanoi increased by 6.1%; Binh Dinh increased by 4.2%.

The revenue from accommodation and food and beverage services in January 2024 is estimated at 58.9 trillion dong, up 10.2% compared to the same period last year. The revenue in January 2024 compared to the same period last year in some localities is as follows: Da Nang increased by 29.9%; Ho Chi Minh City increased by 14.7%; Hanoi increased by 10.8%; Thua Thien – Hue increased by 9.3%; Bac Ninh increased by 8.1%; Binh Dinh increased by 7.0%; Binh Duong increased by 6.6%.

The revenue from travel services in January 2024 is estimated at 4.4 trillion dong, up 18.5% compared to the same period last year. The revenue in January 2024 compared to the same period last year in some localities is as follows: Hanoi increased by 24.4%; Ho Chi Minh City increased by 22.8%; Dong Nai increased by 9.1%; Quang Ninh increased by 9%; Hai Phong increased by 4.9%; Kien Giang decreased by 3.9%; Tra Vinh decreased by 5.7%; Binh Thuan decreased by 7.2%; Phu Yen decreased by 24.6%.

The revenue from other services in January 2024 is estimated at 53.2 trillion dong, up 11.2% compared to the same period last year. Specifically, the increase and decrease in January 2024 compared to the same period last year in some localities are as follows: Ho Chi Minh City increased by 17.2%; Lam Dong increased by 15.3%; Can Tho increased by 13.7%; Kien Giang increased by 11.8%; Ha Tinh increased by 10.8%; Binh Duong increased by 9.4%; Hai Phong increased by 8.4%; Ha Noi increased by 6.5%; Ninh Binh increased by 5.3%; Thua Thien – Hue decreased by 2.3%; Thai Nguyen decreased by 5.8%; Phu Tho decreased by 8.8%; Da Nang decreased by 34.9%.

Nhat Quang

SOURCEvietstock
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