Retail sales in Vietnam increased 12.0 percent year-on-year in December 2019, after a 12.6 percent growth in the prior month, as sales rose at a softer pace for goods (12.2 percent vs 13.2 percent) and tourism (11.8 percent vs 12.3 percent). Meanwhile, trade picked up for accommodation service, food and drink (10.4 percent vs 9.7 percent) and other services (12.4 percent vs 11.8 percent). Considering 2019 full year, retail sales increased 11.8 percent. Retail Sales Yoy in Vietnam averaged 19.10 percent from 2002 until 2019, reaching an all time high of 76.75 percent in November of 2011 and a record low of -20.73 percent in November of 2012. source: General Statistics Office of Vietnam
Retail Sales Yoy in Vietnam is expected to be 12.10 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 11.50 in 12 months time. In the long-term, the Vietnam Retail Sales YoY is projected to trend around 10.60 percent in 2020, according to our econometric models.