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.

A strategy for developing domestic trade between 2021 and 2030 has been signed off by Deputy Prime Minister Le Van Thanh, aiming to raise domestic trade’s proportion in the country’s GDP to 15% - 15.5% in the next 10 years.

The current COVID-19 resurgence has put the brakes on trade, transport and tourism, with all the sectors experiencing declines in May, according to the General Statistics Office (GSO).

Leading economic experts forecast an optimistic growth outlook for Vietnam in 2021 despite the COVID-19 pandemic.

The total retail sales and service revenue surged 10.02% year-on-year to VND1.695 quadrillion (over US$73.5 billion) in the first four months of 2021, according to the Ministry of Industry and Trade (MoIT).

Catching up with new retail trends to bring a new shopping experience to customers will help Vietnamese retailers seize the lion’s share of the market, especially after a number of foreign players have shut up their shops, according to insiders.