January retail and consumer service revenues increase by 8.1%

Retail and consumer service revenues were an estimated 8.1 per cent higher in January than the same month last year.

The General Statistics Office (GSO) reported retail sales and consumer service revenue reached an estimated VNĐ524.1 trillion (US$21.8 billion) last month, a sign of healthy economic activity in the lead-up to the Tết (Lunar New Year) festival.

The GSO indicated that demand for household goods, food, appliances, tools, and accommodation and travel services was high compared to the same time period in recent years.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

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