Total retail and services value this year is estimated to hit VND 3.9 trillion (USD 168.7 million), up more than 10 percent annually, meeting the yearly target.

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 Total retail and services value this year is estimated to hit VND 3.9 trillion.

To that end, the Ministry of Industry and Trade (MoIT) will embark on 71 projects and a domestic market development scheme in combination with the campaign “Vietnamese people prioritize Vietnamese goods” for 2014-2020.

It will also promote domestic trade, particularly during the New Year holiday and the year’s end, refine trade and distribution infrastructure and develop supply chains with a focus on farm produce.

MoIT statistics showed that total retail and services value hiked 10.16 percent to VND 1.9 trillion (USD 83.65 million) in the first half.

Trade experts said exclusive of inflation, total retail and services value increased about 8.4 percent, higher than 4.8-7.6 percent from 2011-2016, showing that purchasing power is recovering.

Source: VNA