Retail sales in Vietnam increased by 5.3 percent from a year earlier in June 2020, after a 4.8 percent fall in May. This was the first increase in retail trade since February, as demand was improved following the government's measures to fight against the COVID-19 pandemic, mainly for goods (9.4 percent vs 1.6 percent in May). At the same time, declines softened for accommodation, foods & beverages (-8.3 percent vs -33.8 percent), travel (-50.7 percent vs -87.8 percent), and other services (-2.1 percent vs -9.8 percent). Considering the January to June period, retail sales declined by 0.8 percent from the same period of 2019.
Retail Sales Yoy in Vietnam averaged 18.50 percent from 2002 until 2020, reaching an all time high of 76.75 percent in November of 2011 and a record low of -26 percent in April of 2020. 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 July of 2020. source: General Statistics Office of Vietnam
Retail Sales Yoy in Vietnam is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales Yoy in Vietnam to stand at 10.60 in 12 months time. In the long-term, the Vietnam Retail Sales YoY is projected to trend around 10.60 percent in 2021, according to our econometric models.