The total retail sales of goods and consumer service revenue in 2025 exceeded VND7 quadrillion (US$262.7 billion), up 9.2% from 2024, reflecting stronger purchasing power, underscoring the continued role of domestic consumption as a major growth driver, said Nguyen Thi Huong, Director of the National Statistics Office.

The Hanoi Shopping Festival 2025 opened on December 25 evening at the Culture, Information and Sports Centre on Cao Lo Street, Dong Anh commune.

Prime Minister Pham Minh Chinh has signed an official dispatch on strengthening measures to stimulate domestic consumption, towards achieving the national economic growth target of over 8% in 2025 amid slowing global trade and investment and rising risks affecting national socio-economic development.

Developing fruit production in the northern midland and mountainous region to meet domestic and export standards was the focus of a forum held in Phu Tho province on July 18.

VOV.VN - The capital city of Hanoi aims to achieve a gross regional domestic product (GRDP) growth rate of 8% or higher this year, while effectively operating its two-tier government model, said the municipal People’s Committee.

VOV.VN - Domestic consumption is considered one of the key drivers of economic growth. To achieve the 2025 economic growth target of over 8%, boosting consumer demand, particularly through the continued 2% cut in value-added tax (VAT), is seen as a crucial solution.

VOV.VN - Continuing efforts to diversify export markets, promote balanced and sustainable trade relations, boost domestic consumption and fully tap into the domestic market are key directives highlighted in the Government’s resolution from its April 2025 regular meeting.

VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.

Vietnam's total retail sales of consumer goods and services reached VND6.39 quadrillion (US$251.87 billion) in 2024, marking a year-on-year increase of 9%, according to the General Statistics Office (GSO).

Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.