Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Economy  >> Purchasing power hits the buffers
NEW UPDATES Asean Affairs   30 May 2014  

Purchasing power hits the buffers

Vietnam  — The modest growth of retail sales of goods and services in the first five months of 2014, holding at 6 per cent, suggests that domestic purchasing has not considerably improved.

According to the General Statistics Office (GSO), retail sales in the first five months was estimated to reach VND178.9 trillion, or US$56.14 billion, an increase of 11 per cent over the same period last year

Further, said Vu Manh Ha from the GSO, the growth of purchasing power in the first five months had 5.5 per cent higher than the same period of last year. This modest increase was attributed to the slight increase of the consumer price index (CPI) at 0.2 per cent in May 2014.

The total retail sales of goods reached $42.1 billion, accounting for a proportion of the 75.2 per cent of the total growth, at 8.5 per cent.

The increase of goods was mainly attributed to the necessary items for daily living, such as food and home appliances.

Ha said, generally, that purchasing power in the first five months has not improved due to the public's limited incomes and it was difficult to return to the total growth of 12 to 17 per cent, as seen prior to 2011. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            May 30, 2014 Subsribe Now !
• Thailand remains primary automobile producer in Southeast Asia Subcribe: Asean Affairs Global Magazine
• Briefing on political situation for foreign journalists
• By 2020, $9 billion needed for road funding: report
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Ha Noi accelerates land clearance
• Purchasing power hits the buffers
Asean Analysis                    May 28, 2014

• Asean Analysis May 28, 2014
Hosting the World Economic Forum: Is the Philippines the next tiger economy?
Advertise Your Brand

Asean Stock Watch    May 29, 2014
• Asean Stock Watch-May 29, 2014
The Biweekly Update
• The Biweekly Update  May 16, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand