July retail sales plunges nearly 20% due to COVID-19

Total retail sales of goods and services shrank 8.3 percent month-on-month in July to 14.84 billion USD as a result of restrictions induced to stem the ongoing COVID-19 outbreak.

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The General Statistics Office said the figure was 19.8 percent lower than a year earlier since the fourth coronavirus wave is taking heavy toll on trade, transport and tourism.

Total retail sales of goods and services in the first seven months of this year exceeded 121 billion USD, up 0.7 percent year on year.

The Ministry of Industry and Trade is formulating specific plans to stimulate consumption and sustainably develop the domestic market./.

VNA