Retail sales in Vietnam declined by 28.4 percent from a year earlier in September of 2021, after a 33.7 percent slump in the previous month. This was the fifth straight month of drop in retail trade, as consumption continued to deteriorate amid rising cases of the Delta variant of coronavirus. Sales contracted faster for all categories: goods (-21 percent vs -25.3 percent in August), accommodation and food services (-53.6 percent vs -66.9 percent), other services (-58.6 percent vs -64.2 percent), and travel (-92.4 percent vs -97.6 percent). Considering the first nine months of the year, retail trade dropped 7.1 percent over the same period of 2020. source: General Statistics Office of Vietnam

Retail Sales Yoy in Vietnam averaged 17.26 percent from 2002 until 2021, 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 October of 2021.

Retail Sales Yoy in Vietnam is expected to be -30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Retail Sales YoY is projected to trend around 5.00 percent in 2022, according to our econometric models.

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Vietnam Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 02:00 AM Jun -6.6% -1% -2%
2021-07-29 02:00 AM Jul -19.8% -6.6% -4.9%
2021-08-29 02:00 AM Aug -33.7% -19.8% -11%
2021-09-29 02:00 AM Sep -28.4% -33.7% -30%
2021-10-29 02:00 AM Oct -28.4%
2021-11-29 02:00 AM Nov
2021-12-28 02:00 AM Dec


News Stream
Vietnam Retail Sales Shrink for 5th Month
Retail sales in Vietnam declined by 28.4 percent from a year earlier in September of 2021, after a 33.7 percent slump in the previous month. This was the fifth straight month of drop in retail trade, as consumption continued to deteriorate amid rising cases of the Delta variant of coronavirus. Sales contracted faster for all categories: goods (-21 percent vs -25.3 percent in August), accommodation and food services (-53.6 percent vs -66.9 percent), other services (-58.6 percent vs -64.2 percent), and travel (-92.4 percent vs -97.6 percent). Considering the first nine months of the year, retail trade dropped 7.1 percent over the same period of 2020.
2021-09-29
Vietnam Retail Sales Drop at Record Pace
Retail sales in Vietnam slumped 33.7 percent from a year earlier in August of 2021, after a 19.8 percent drop in the previous month. This was the fourth straight month of decline in retail trade and the steepest pace on record, as consumption deteriorated due to rising cases of the Delta variant of coronavirus. Sales contracted faster for all categories: goods (-25.3 percent vs -11.4 percent in July), accommodation and food services (-66.9 percent vs -53.8 percent), other services (-64.2 percent vs -43 percent), and travel (-97.6 percent vs -92.6 percent). Considering the eight months of the year, retail trade dropped 4.7 percent over the same period of 2020.
2021-08-29
Vietnam Retail Sales Drop the Most in 15 Months
Retail sales in Vietnam slumped 19.8 percent from a year earlier in July of 2021, after a 6.6 percent drop in the previous month. This was the third straight month of decline in retail trade and the steepest pace since April 2020, as consumption deteriorated due to a resurgence of local COVID-19 cases. Sales contracted for all categories: goods (-11.4 percent vs -1.3 percent in June), accommodation and food services (-53.8 percent vs -31.1 percent), other services (-43 percent vs -20.3 percent), and travel (-92.6 percent vs -80.4 percent). Considering the first seven months of the year, retail trade went up 0.7 percent over the same period of 2020.
2021-07-29
Vietnam Retail Sales Shrinks for 2nd Month
Retail sales in Vietnam fell by 6.6 percent year-on-year in June 2021, much faster than a 1 percent drop a month earlier. This was the second straight month of decline in retail trade, as consumption weakened due to a resurgence of local COVID-19 infections. Sales contracted for all categories: goods (-1.3 percent vs 0.5 percent in May), accommodation and food services (-31.1 percent vs -11.8 percent), other services (-20.3 percent vs -2.7 percent), and travel (-80.4 percent vs -17.8 percent). Considering the first six months of the year retail trade increased by 4.9 percent over the same period of 2020.
2021-06-29

Vietnam Last Unit Reference Previous Highest Lowest
Retail Sales Yoy -28.40 percent Sep/21 -33.70 76.75 -33.70
Consumer Spending 4270222.00 VND Billion Dec/20 4115186.37 4270222.00 37572.00
Retail Sales Mom -3.20 percent Jun/21 -3.50 101.51 -49.33


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.