According to a socio-economic report recently published by the General Statistics Office, retail revenue for the first eight months of the year is estimated at nearly VND3.3 quadrillion (US$130.3 billion), a 7.3% increase year-on-year.

Since the beginning of this year, a diverse range of foreign products have entered the Vietnamese market, with Ho Chi Minh City experiencing a surge across various promotional channels.

The presence of foreign-invested enterprises in Vietnam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.

VOV.VN - A one-month nationwide promotion campaign known as ‘Vietnam Grand Sale 2021’ was officially launched on December 1 by the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade in a bid to stimulate greater domestic consumption.

VOV.VN - The Vietnamese consumer goods, food, beverage, and retail sectors are projected to attract investors from the Republic of Korea (RoK) through mergers and acquisitions (M&A) channels in the near future, according to industry insiders.

VOV.VN - Vietnam attracted US$19.12 billion in foreign direct investment (FDI) capital by August 20, equivalent to 97.9% compared to the same period last year, according to statistics released by the Ministry of Planning and Investment.

The Vietnam Post has piloted the Post Smart automatic delivery cabinet model in 40 post offices in Hanoi and Ho Chi Minh City from July as part of efforts to minimise the risk of COVID-19 spreading.

According to General Statistic Office, in the first six months of 2021, total retail sales of goods and services went up 4.9% compared to the same period in 2020 to VND2,463.8 trillion (over US$107 billion), of which goods retail revenue hit VND1,985.4 trillion, up 6.2%.