Vietnam’s economic recovery will be stronger in the second half of 2022, particularly as the country resumed its tourism activities after a two-year closure, according to Standard Chartered’s latest Vietnam report.

The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.

Vietnam’s retail sale of goods and services in July is estimated at VND486 trillion (US$20.8 billion), up 2.4% m-o-m, and 42.6% y-o-y, according to the General Statistics Office (GSO).

Ho Chi Minh City’s economy has seen a steady revival and is on course to return to pre-COVID levels, Chairman of the municipal People’s Committee Phan Van Mai said on June 29.

The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade and Amazon Global Selling Vietnam on June 8 launched a cross-border e-commerce initiative in the breakthrough era.

VOV.VN - The first quarter of the year witnessed the nation’s total revenue from retail sales of goods and services reach US$56.9 billion, a year-on-year rise of 4.4%, according to the General Statistics Office (GSO).

The Vietnam Grand Sale 2021 will take place across the country from December 1, 2021 to January 1, 2022.

The total retail sales of consumer goods and services in September increased 6.5% against August as production, business and service activities resumed in some localities after the COVID-19 is put under control.

HSBC has forecast two scenarios for Vietnam’s economy until the end of the year, with both of them focused on the re-opening of the economy, albeit in a cautious and systematic way.

Total retail sales of goods and services in August slid 10.5% month-on-month and 33.7% year-on-year as a result of restrictions imposed to contain the ongoing COVID-19 resurgence, data from the General Statistics Office (GSO) shows.