Tag: Retail sales
Retail therapy lifts Vietnam’s spending spirits
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.
Retail sales of goods, services record positive growth
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.
Vietnam stimulates domestic consumption, diversifies export markets
Vietnam is focusing on boosting domestic consumption and diversifying export markets to ensure sustainable growth in response to risks of high tariffs in major markets such as the US and Europe.
Total retail sales of goods, services up 9.9% in Q1
Total retail sales of goods and consumer service revenue in the first quarter of 2025 were estimated at VND1.7 quadrillion (US$65.5 billion), up 9.9% year-on-year, according to the National Statistics Office (NSO).
Retail stocks see promising outlook this year
Vietnam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise.
Vietnam’s first quarter GDP growth expected to approach 8%
Vietnam’s gross domestic product (GDP) in the first quarter of 2025 is projected to grow by nearly 8%, setting the stage for sustained economic development throughout the year.
Hanoi’s retail and consumer services revenue nears US$5.9 billion in first two months
The total retail sales of goods and consumer service revenue in Hanoi reached VND150.1 trillion (approximately US$5.87 billion) in the first two months of 2025, marking an 11.8% increase compared to the same period last year, according to the Hanoi Statistics Office.
Retail sales of consumer goods, services up 9.5% in January
High consumption demand during the Lunar New Year holiday and the strong tourism recovery fuelled retail sales of consumer goods and services in January.
Top five localities with the largest economies in 2024
The top five localities with the largest gross regional domestic product (GRDP) in Vietnam for 2024 are Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai and Hai Phong.
Vietnam among top 10 countries with the fastest e-commerce expansion in the world
Vietnam remained among the top ten countries with the fastest e-commerce growth rate in the world in 2024, with the market valued at US$25 billion, an increase of 20% over 2023, according to Vietnam E-commerce and Digital Economy Agency.
