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.

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Vietnam Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.60 76.75 -20.73 2002 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-28 02:00 AM Sep 12.7% 12.4% 11.5%
2019-10-29 02:00 AM Oct 13.3% 12.7% 12.5%
2019-11-29 02:00 AM Nov 12.6% 13.3% 13.0%
2019-12-27 06:30 AM Dec 12.0% 12.6% 12.1%
2020-01-29 02:00 AM Jan 12.0% 12.5%


News Stream
2019-11-29
Vietnam Retail Sales Growth Eases
Retail sales in Vietnam increased by 12.6 percent year-on-year in November 2019, after a 13.3 percent growth in the prior month, with sales of goods increasing less (13.2 percent vs 14.7 percent in October). Meanwhile, sales growth accelerated for accommodation and catering service (9.7 percent vs 9.2 percent), tourism (12.3 percent vs 9.5 percent) and other services (11.8 percent vs 9.2 percent). Considering the first eleven months of 2019, retail sales rose 11.8 percent compared to the corresponding period the prior year.

2019-10-29
Vietnam Retail Sales Growth at 15-Month High
Retail sales in Vietnam increased by 13.3 percent year-on-year in October 2019, the most since July last year, after a 12.7 percent growth in the prior month. Retail sales in Vietnam increased by 13.3 percent year-on-year in October 2019, the most since July last year, after a 12.7 percent growth in the prior month. Sales growth accelerated for both goods (14.7 percent vs 13.9 percent in September) and accommodation and catering service (9.2 percent vs 8.6 percent). Meantime, sales grew less for both tourism (9.5 percent vs 9.7 percent) and other services (9.2 percent vs 9.6 percent). Considering the first ten months of 2019, retail sales rose 11.8 percent compared to the corresponding period the prior year.

2019-09-28
Vietnam Retail Sales Growth at 9-Month High
Retail sales in Vietnam increased by 12.7 percent year-on-year in September 2019, the most since December last year, after a 12.4 percent advance in the prior month. Sales growth accelerated for goods (13.9 percent vs 13.3 percent in August), tourism (9.7 percent vs 8.7 percent), and other services (9.6 percent vs 9.2 percent). Meanwhile, sales at accommodation and catering service grew less (8.6 percent vs 9.8 percent). Considering the first nine months of 2019, retail sales rose 11.6 percent compared to the corresponding period the prior year.

2019-08-29
Vietnam Retail Sales Growth Steady in August
Vietnam increased by 12.4 percent year-on-year in August 2019, the same pace as in the previous month. It remained the largest gain in retail trade since December last year, as sales advanced at a faster pace in tourism (8.7 percent vs 7.8 percent) and other services (9.2 percent vs 8.4 percent). Meanwhile, sales went up less for both goods (13.3 percent vs 13.4 percent in July) and accommodation & food and beverages (9.8 percent vs 11 percent). Considering January to August 2019, retail sales advanced 11.5 percent compared to the corresponding period the prior year.

2019-07-29
Vietnam Retail Sales Rise the Most in 7 Months
Retail sales in Vietnam increased by 12.4 percent year-on-year in July 2019, the most since December, following a 11.5 percent growth in the previous month, as sales rose faster for both goods (13.4 percent vs 12.4 percent in June) and other services (8.4 percent vs 5.5 percent). Meantime, sales advanced at a softer rate for both accommodation & food (11 percent vs 12.3 percent) and tourism (7.8 percent vs 13 percent). Considering January to July, retail sales advanced 11.6 percent compared to the corresponding period the prior year.

2019-06-28
Vietnam Retail Sales Rise 11.5% in June
Retail sales in Vietnam increased by 11.5 percent year-on-year in June 2019, following a 11.4 percent gain in the previous month. Sales growth accelerated for tourism (13 percent vs 10.3 percent in May), accommodation & food (12.3 percent vs 9.6 percent) and other services (5.5 percent vs 5.2 percent). Meantime, sales of goods advances at a slower pace (12.4 percent vs 12.7 percent). Considering the first six months of the year, retail sales advanced 11.5 percent compared to the corresponding period the prior year.


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.

Vietnam Consumer Last Previous Highest Lowest Unit
Retail Sales Yoy 12.00 12.60 76.75 -20.73 percent [+]
Consumer Spending 3745063.00 3405750.02 3745063.00 37572.00 VND Billion [+]
Retail Sales Mom 1.50 2.10 101.51 -49.33 percent [+]
Gasoline Prices 0.86 0.84 1.18 0.34 USD/Liter [+]
Consumer Confidence 125.00 128.00 129.00 88.00 points [+]