Recovery trend of domestic trade

Although the Covid-19 pandemic reappeared complicatedly at the end of January in some localities, thanks to the prompt and drastic direction and management of the Government, the Prime Minister and efforts of levels, sectors, localities, the business community and people of the whole country, the prevention of pandemics is well done, the supply of essential goods is guaranteed, meeting  needs of people in all regions of the country. Especially during the Lunar New Year, according to that, trading activities and consumer services tend to recover, purchasing power and domestic consumption demand increases. Gross retail sales of consumer goods and services in March up 9.2% over the same period last year (the same period in 2020 decrease by 5.4%). Generally, in the first quarter of 2021, gross retail sales of consumer goods and services reached 1,291.1 trillion VND, up 5.1% over the same period last year. Of which, retail sales of goods in the first quarter of this year were estimated at 1,033.2 trillion VND, increasing 6.8% over the same period last year, higher than the 5.9% increase in 2020. Most commodity groups have increased retail sales: Revenue from food and foodstuff is estimated at 337.7 trillion dong, up by 9.5% over the same period last year; garment reached 57.7 trillion dong, up 4.5%; household appliances, tools and equipment reached 132.7 trillion dong, up 5.3%; cultural and educational items reached 12.8 trillion VND, up 5.8%; vehicles reached 54.3 trillion dong, up 1.4%. Retail sales of goods in the first quarter over the same period last year of some localities: Hai Phong increased by 11.3%; Can Tho increased by 10.8%; Hanoi increased by 8%; Da Nang increased by 7.9%; Thanh Hoa increased by 6.7%; Quang Nam and Quang Ngai both increased by 6.6%; Dong Nai 5.7%; Dak Lak increased by 5.5%; Hung Yen increased by 5.3%; Bac Ninh increased by 1.8%.

Revenue from accommodation and catering services in the first quarter of 2021 was estimated at 124 trillion VND, accounting for 9.6% of the total amount and down 3% from the same period last year (the same period in 2020 decreased by 8.5%). Revenue from accommodation and catering services in the first quarter of this year compared with the same period last year of some localities: Ba Ria – Vung Tau increased by 1.1%; Quang Ninh decreased by 12.7%; Ha Noi decreased by 8%; Lam Dong decreased by 7.2%; Da Nang decreased by 6%; Hai Phong decreased by 3.9%; Ho Chi Minh city by 3.5%; Kien Giang decreased by 1%.

Revenue from tourism and traveling in the first quarter was estimated at 3.1 trillion VND, accounting for 0.2% of the total and down 60.1% from the same period last year (down 24.8% in the same period in 2020). Some localities with tourism revenue in the first quarter decreased over the same period last year: Da Nang decreased 61.3%; Ho Chi Minh city down 59.5%; Ha Noi decreased by 30.1%; Ba Ria – Vung Tau down 23.1%; Hai Phong decreased by 20.5%; Can Tho decreased 16.8%; Quang Ninh decreased by 4.5%.

Revenue from other services in the first quarter of 2021 was estimated at 130.8 trillion VND, accounting for 10.1% of the total and up 3.9% over the same period in 2020, of which Hai Phong’s revenue increased by 16.4 %; Quang Ninh increased 15.1%; Can Tho increased by 7.7%; Da Nang increased by 4.8%; Ha Noi increased by 2.5%; Ho Chi Minh city by 0.9%; Lao Cai decreased 10.5%; Gia Lai decreased by 28.5%.

Strengthening trade connection, stimulating domestic consumption demand are one of the solutions to promote trade’s growthy. Implement the domestic market development project associated with the campaign “Vietnameses prefer goods made in Vietnam first” in the new situation. Building and implementing programs to stimulate consumption, develop distribution channels, promote strong development of  domestic market, ensure supply-demand balance for essential goods, prevent scarcity of goods. Communication and propaganda are carried out continuously to help stabilize consumers’ confidence in shopping; Market capture has also been strengthened, especially support activities for consumption of agricultural products to provinces and cities affected by the Covid-19 pandemic in order to develop production and business, contribute to promoting trade sector’s growth.

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