Statistics released by the General Bureau of Statistics show that trade and consumer services activities are more active in the last month of the year, so the total retail sales of consumer goods and services in November 2022 increased by 2.6% mom and more 17.5% mom period of the previous year.

Accommodation and catering services are 1.5 times higher than in the same period last year, and travel services are 4.1 times higher. In the first 11 months of 2022, total retail sales of consumer goods and services increased by 20.5% compared to the same period last year.

Total retail sales of consumer goods and services in November were estimated at Dong 514.1 trillion, up 2.6% month-on-month and up 17.5% from the same period last year.

For the first 11 months of 2022, total retail sales of consumer goods and services is estimated at VND5,180.5 trillion, up 20.5% over the same period last year (a 5% decrease over the same period in the year 2021). factor, the increase is 16.9% (in the same period in 2021 it will decrease by 6.8%).

According to the General Bureau of Statistics, total retail sales of consumer goods and services increased by 14.9% in the 11 months of 2022 compared to the 11 months of 2019 – the year before the Covid-19 epidemic.

However, the total retail sales of consumer goods and services in the first 11 months of 2022 will only reach 82.5% of this target, assuming that under normal conditions there will be no Covid-19 epidemic from 2020 to now.

Therefore, the retail sales of goods in the first 11 months of 2022 are estimated at VND 4,079.4 trillion, up 14.8% over the same period last year (excluding the price factor, up 11.4%). The group of cultural and educational products increased by 22.9%; garment rose 17.6%; Transportation (excluding cars) increased by 13.8%; food, food increased by 10.2%; Household appliances, tools and gadgets increased by 6.6%.

The revenue from accommodation and food services in the first 11 months of 2022 was estimated at VND 536.3 trillion, up 56.5% from the same period last year.

Travel revenue in 11 months of 2022 is estimated at VND22.9 trillion, 4.1 times higher than the same period last year. The revenue in 11 months of 2022 of some places compared to the same period last year is as follows: Da Nang increased by 867.1%; Can Tho rose 647.3%; Hanoi up 322.8%; Hai Phong rose 261.3%; Ho Chi Minh City up 191.6%; Quang Ninh rose 52.1%.

According to the Ministry of Industry and Trade, the commodity market was relatively stable in November, with demand for clothing and household equipment picking up with the change of season. The supply of food and basic necessities is sufficient to meet consumer demand and commodity prices do not fluctuate greatly.

In particular, the prices of all kinds of vegetables and fruits are increasing due to the impact of storms, affecting many growing areas. The phenomenon of partial shortages of gasoline and oil in the gas stations of the South has gradually improved.

In the first 11 months of 2022, people’s production and activities of daily life gradually recovered, and the demand for goods began to increase. Although the domestic commodity market is affected by the world market, the prices of some goods (especially energy products…) tend to increase in line with world commodity prices, but the domestic market as a whole has recovered significantly after two years affected by the Covid-19 pandemic.

The supply of basic goods is sufficient to meet consumer demand, commodity prices do not fluctuate widely, and the market is relatively stable. The circulation of goods on the market is favorable.

In order to ensure the balance between supply and demand and stabilize the market from now until the Lunar New Year, the Ministry of Industry and Trade said it will continue to coordinate with ministries and local authorities to closely monitor the market situation and provide sufficient resources ensure essential items to meet people’s needs, especially during the busy holiday and New Year season, so as not to cause shortages and price fever.

Coordinate with communities to proactively develop a warehousing plan and implement a market stabilization program to meet people’s needs during the closing months of the year and the peak of the lunar new year.

For petroleum products, based on the assessment of the ability to supply from domestic production sources, the Ministry of Industry and Trade will have a specific operating scenario to ensure the supply of gasoline and oil for the domestic market.

At the same time, in combination with ordering petroleum and oil companies to actively procure goods, strictly implement the assigned additional import plan to make up for the shortage of goods, so as not to interrupt the supply of petroleum in the system. Business system, ensuring energy security, preventing supply shortages in all walks of life…