Retail sales in Vietnam increased by 13.2 percent year-on-year in February 2023, slowing from a 20 percent gain in the prior month. This was the softest rise in retail trade since April 2022, amid rising cost pressures and higher borrowing costs. Sales moderated for most components, namely goods (10.5% vs 18.1% in January), accommodation & food services (27.3% vs 37.3%), and other services (18.7% vs 16.8%). At the same time, sales related to travel activity fell 5.3% after jumping 113.4 percent in January. Considering the January to February period, retail sales rose by 13.0 percent. In 2022, retail sales rose by 19.8 percent. source: General Statistics Office of Vietnam

Retail Sales YoY in Vietnam averaged 17.11 percent from 2002 until 2023, reaching an all time high of 76.75 percent in November of 2011 and a record low of -33.70 percent in August of 2021. This page provides - Vietnam Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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Vietnam Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-01-29 02:00 AM Jan 20.0% 17.1% 14%
2023-02-28 02:00 AM Feb 13.2% 20.0% 25.0%
2023-03-29 02:00 AM Mar 13.2% 9.0%


Related Last Previous Unit Reference
Retail Sales YoY 13.20 20.00 percent Feb 2023
Consumer Spending 4736308.62 4270222.00 VND Billion Dec 2021
Retail Sales MoM 1.50 21.00 percent Oct 2022

Vietnam Retail Sales YoY
In Vietnam, the year-over-year change in Retail Sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
13.20 20.00 76.75 -33.70 2002 - 2023 percent Monthly

News Stream
Vietnam Retail Sales Growth at 10-Month Low
Retail sales in Vietnam increased by 13.2 percent year-on-year in February 2023, slowing from a 20 percent gain in the prior month. This was the softest rise in retail trade since April 2022, amid rising cost pressures and higher borrowing costs. Sales moderated for most components, namely goods (10.5% vs 18.1% in January), accommodation & food services (27.3% vs 37.3%), and other services (18.7% vs 16.8%). At the same time, sales related to travel activity fell 5.3% after jumping 113.4 percent in January. Considering the January to February period, retail sales rose by 13.0 percent. In 2022, retail sales rose by 19.8 percent.
2023-02-28
Vietnam Retail Sales Rise the Most in 4 Months
Retail sales in Vietnam increased by 20.0 percent year-on-year in January 2023, faster than a 17.1 percent growth a month earlier. This was the steepest pace of retail trade since last September, amid continued strong consumption in the wake of pandemic disruptions. Sales expanded faster for both goods (18.1% vs 12.8% in December) and accommodation & food services (37.3% vs 33.4%), while those related to travel activity went up robustly (113.4% vs 113.3%). Meantime, sales of other services moderated sharply (16.8% vs 36.9%). In 2022, retail sales rose by 19.8 percent.
2023-01-29
Vietnam Retail Sales Growth Eases to 17.1% in December
Retail sales in Vietnam increased by 17.1 percent year-on-year in December of 2022, pointing to the thirteenth straight month of increase in retail activity although easing from a 17.5 percent growth a month earlier as sales weakened for accommodation & food services (33.4 percent vs 51.9 percent), travel (113.3 percent vs 308.7 percent), and other services (36.9 percent vs 41.5 percent). On the other hand, sales increased faster for goods (12.8 percent vs 10.7 percent). From January to December, retail sales gained 19.8 percent from the same period in 2021.
2022-12-29