Hanoi’s retail sales of consumer goods and services in June have seen a 2.2 increase over the previous month, and a year-on-year rise of 38.1%, according to the city’s Statistics Office.

Total sales have reached nearly VND 407 trillion in the first six months of 2010, a year-on-year 27.8% rise. The non-State sector has contributed the most to the sales growth with 29%, followed by the foreign-invested sector, up 27.2%, and the State sector, up 22.3%.

The number of establishments in the service and trade sectors has reported a faster increase than in other economic sectors in the city.

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It is expected that in the first half of this year, the export turnover in capital city may reach over $3.4 billion or up 10.4 percent year-on-year.
Most of the export commodities saw sharp rise, including computer components, apparel, electronic products and rice.

The import value also surged by 2.6 percent in comparison with last month, in which local import value up 5.8 percent. Hanoi estimates to reach total H1 import value of approximately $10.5 billion, increasing by 29.8 percent over the same period of last year. The price of some export goods recovered quickly, which lead to the significant increase in export turnover compared to that of the previous year.

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Last month saw a sharp with the aquatic exports US$1.6 billion (up 17.3 percent) and the turnover of agricultural exports reaching US$3.9 billion (up 7 percent).

In the same month nearly 730,000 tonnes of rice was exported raising the estimated volume of rice exports in the whole year to 2.9 million tonnes valued at US$1.5 billion.

Agro-forestry and aquatic products have witnessed a positive growth both in volume and price. However, the agricultural sector needs to introduce additional measures to maintain and accelerate the export growth rate.

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All the commodities saw a hike in prices, except for transportation, housing, water and electricity, fuel and building materials. The highest increase was recorded in food and tobacco up 0.51 percent and 0.72 percent respectively.

Despite the lower CPI increase in June in comparison with the last 3 successive years, it was still high due to the surge in the prices of food, animal feed and vegetables as well as epidemics.

In June, gold prices increased by 3.66 percent while the US dollar dropped by 0.08 percent.

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Vo Thi Ngoc Dieu, head of frozen food for Cong Hoa Maximart supermarket in HCMC’s Tan Binh District, said the poultry-meat sales at her supermarket had increased by nearly 50% from last month. The prices of chicken produced by leading poultry processors like CP, Phu An Sinh and Binh Minh are stable at around VND56,000 per kg, Dieu said.

“Lately, our supermarket has to take over 120 kg of safe and hygienic chicken a day from the producers to meet much higher demand. The demand for the chicken is far beyond supply, particularly in the case of chicken wings,” Dieu told the Daily on Wednesday.

Chicken wings had gone up to VND84,000 per kg compared with VND60,000 last month.

Similarly, the price of eggs at the supermarkets had gone from VND18,000 to VND21,000 for ten.

Meanwhile, more and more poultry is being imported to Vietnam, because of the demand in the local market.

Nguyen Thuy Hoa, head of the food processing office of the Hanoi-based Vietnam National Foreign Trade Forwarding and Warehousing Corporation (Vietrans), said the corporation was accelerating the imports of chicken from Korea to meet higher demand.

At the moment, Hoa said Vietrans was importing about 600 tons of chicken a month, produce of Singreen Company of Korea, to distribute to most supermarkets and trade centers in the central and northern provinces.

Vietrans has been a distributor of chicken for Singreen since late April.

“Because of higher demand for Singreen chicken on the local market, an estimated increase of over 50%, we have asked the Korean supplier to increase the supply for us,” she said on the phone on Wednesday.

According to Vietrans, Singreen’s chicken has been tested and approved for hygiene and origin. Singreen chicken on the local market is cheaper than the chicken produced by domestic companies.

Vietrans is the distributor for about 80% of poultry meat for the central provinces and north.

SGT