The total retail sales of goods and consumer service revenue were estimated at VND598.4 trillion (US$23 billion) last month, up 0.2% compared to the previous month and 7.2% compared to the same period last year.

Vietnam’s retail market is at a turning point, shifting from traditional models to modern ones, and from mass consumption to smart and sustainable consumption. Therefore, retail enterprises are advised to move toward modern, digitalised, and sustainable management and business practices.

VOV.VN - Despite ongoing economic challenges, Hanoi’s retail and consumer service sectors continue to post strong results, remaining one of Vietnam’s key growth drivers.

Increasing domestic demand for goods, services, and tourism, especially during major national holidays, and a surge in international tourist arrivals in Vietnam have substantially contributed to the trade and service sector's growth in September and the first nine months of this year, according to the National Statistics Office under the Ministry of Finance.

Ho Chi Minh City’s economy expanded 7.02% in the first nine months of the year, with momentum building each quarter despite concerns earlier this year about US tariff impacts, according to the municipal Statistics Office.

Vietnam’s retail industry is regaining momentum, driven by internal restructuring efforts and supportive macroeconomic policies, according to a report on the sector’s outlook released by Vietnam Report JSC.

Vietnam’s shoppers gave the economy a welcome boost last month, with total retail sales of goods and services surging by an estimated 10.6% year on year, according to the National Statistics Office.

VOV.VN - The Swedish fashion giant H&M, one of the world's largest fashion corporations, plans to expand its retail network in Ho Chi Minh City, said Saed El-Achkar, regional manager and CEO of H&M Greater China & East Asia Regions.

Ho Chi Minh City’s retail market recorded a sharp rise in purchasing power during the National Day holidays from August 30 to September 2, with supermarkets, shopping centres, and traditional markets all reporting strong consumer demand.

Trade and tourism activities continued to show positive growth in July, with total retail sales of goods and consumer service revenue estimated at VND576.4 trillion (US$21.98 billion), up 1.1% month-on-month and 9.2% year-on-year, according to the National Statistics Office under the Ministry of Finance.