Retail sales in Vietnam soared 42.6 percent from a year earlier in July 2022, quickening sharply from a 27.3 percent gain in the prior month. This was the eighth straight month of expansion in retail trade and the strongest pace since November 2011, boosted by strengthening consumption following further improvement in the COVID-19 situation. Sales gained momentum for all categories: including goods (29.4 percent vs 21.0 percent in June), accommodation and food services (134.7 percent vs 80.0 percent), travel (3,450.6 percent vs 1,659.4 percent), and other services (107.6 percent vs 35.2 percent). For the January to July period, retail sales went up 16.0 percent from the same period in 2021. source: General Statistics Office of Vietnam

Retail Sales Yoy in Vietnam averaged 16.89 percent from 2002 until 2022, 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 August of 2022.

Retail Sales Yoy in Vietnam is expected to be 29.10 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 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Vietnam Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-06-29 02:00 AM Jun 27.3% 22.6% 29.1%
2022-07-29 02:00 AM Jul 42.6% 27.3% 35.9%
2022-08-29 02:00 AM Aug 42.6%


Related Last Previous Unit Reference
Retail Sales Yoy 42.60 27.30 percent Jul 2022
Consumer Spending 4270222.00 4115186.37 VND Billion Dec 2020
Retail Sales Mom -28.80 62.00 percent Jan 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
42.60 27.30 76.75 -33.70 2002 - 2022 percent Monthly

News Stream
Vietnam Retail Sales Rise the Most in Near 11 Years
Retail sales in Vietnam soared 42.6 percent from a year earlier in July 2022, quickening sharply from a 27.3 percent gain in the prior month. This was the eighth straight month of expansion in retail trade and the strongest pace since November 2011, boosted by strengthening consumption following further improvement in the COVID-19 situation. Sales gained momentum for all categories: including goods (29.4 percent vs 21.0 percent in June), accommodation and food services (134.7 percent vs 80.0 percent), travel (3,450.6 percent vs 1,659.4 percent), and other services (107.6 percent vs 35.2 percent). For the January to July period, retail sales went up 16.0 percent from the same period in 2021.
2022-07-29
Vietnam Retail Sales Growth at 14-Month Peak
Retail sales in Vietnam expanded 27.3 percent from a year earlier in June 2022, faster than a 22.6 percent gain in the prior month. This was the seventh straight month of expansion in retail trade and the strongest pace since April 2021, as consumption strengthened further following an improvement in COVID-19 situation. Sales gained momentum for all categories: including goods (21.0 percent vs 18.3 percent in May), accommodation and food services (80.0 percent vs 69.3 percent), travel (1,659.4 percent vs 324.4 percent), and other services (35.2 percent vs 15.1 percent). For the January to June period, retail sales went up 11.7 percent from the same period of 2021.
2022-06-29
Vietnam Retail Sales Rise the Most in Near 7 Years
Retail sales in Vietnam expanded 22.6 percent from a year earlier in May 2022, accelerating sharply from a 12.1 percent gain in the prior month and marking the sixth straight month of expansion, as consumption strengthened further following an improvement in COVID-19 situation. The latest figure also represented the steepest growth in retail trade since July 2015, boosted by a faster rise in sales of goods (18.3 percent vs 12.4 percent in April) and other services (15.1 percent vs 6.7 percent). At the same time, there was a pickup in sales of both accommodation and food services (69.3 percent vs 14.8 percent), travel (324.4 percent vs 49.4 percent). For the January to May period, retail sales went up 9.7 percent from the same period of 2021.
2022-05-29