Retail in Asia

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Vietnamese consumers’ purchasing power edges higher

The purchasing power of Vietnamese residents increased slightly in the first eight months of 2014, following an increase in the purchase of goods and services.

Officials of the General Statistics Office (GSO) attributed the slight increase to a 0.25 percent increase in the total retail sales value of goods and services in the first seven months of the year.

Figures from the GSO also showed that in the first eight months of 2014, total sales value reached VND1,900 trillion (USD90.5 billion), representing an 11.4 percent year-on-year increase.
 

(Source: Viet Nam News)