Central Retail Corporation (CRC), the largest retailer of Thailand, has announced its biggest investment in Vietnam at 50 billion baht (US$1.45 billion) in the 2023-2027 period to accelerate its market presence in the country.

Ho Chi Minh City recorded a year-on-year rise of 5.7% in total retail sales of goods and consumer service revenue in January, according to its Department of Industry and Trade.

Vietnam’s total retail sales of goods and services in January was estimated at VND544.8 trillion (US$23.22 billion), up 5.2% from the previous month and 20% as compared with the same period last year, according to the General Statistics Office (GSO).

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.

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC.

VOV.VN - The majority of supermarket chains nationwide are set to remain open during the traditional Lunar New Year (Tet) festival, the biggest of its kind in Vietnam.

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 - Local goods have continued to make a greater presence within the Thai market thanks to trade promotion connectivity, improved quality and design, as well as catching up with market trends, according to industry insiders.

Revenue from retail sales of goods and services totalled about VND515.8 trillion (US$21.87 billion) in December and over VND1.54 quadrillion (US$65.3 billion) in the fourth quarter of 2022, a year on year rise of 17.1%, reported the General Statistics Office (GSO).

VOV.VN - The retail prices of petrol and oil continued to decline as part of the latest adjustment made by the Ministry of Industry and Trade, and the Ministry of Finance as of 3 p.m, on December 21.