Retail in Asia

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Vietnam’s retail sales decline 2.5pc in Feb

The value of retail sales and services in Vietnam dropped by 2.5 percent last month compared to January to VND186.463 trillion (USD8.8 billion), announced the General Statistics Office (GSO).

February’s total brings the value of retail sales and services to VND380.28 trillion (USD17.29b) in the first two months of this year, a year-on-year increase of 22 percent against the same period last year.

However, when price increases were considered, the growth value was only 4.4 percent against the same period last year, nearly equal to a half of the growth in the first two months of 2011, the GSO said.

(Source: Viet Nam News)