Retail Sales in Vietnam fell by 4.8 percent from a year earlier in May 2020, following a 26 percent slump a month earlier. This was the third straight month of drop in retail trade, amid a big blow to the country's trade and service activities due to the coronavirus outbreak. Sales fell less for most categories: tourism (-87.8 percent vs -97.5 percent in April); accommodation service, food & beverage (-33.8 percent vs -64.7 percent); and others (-9.1 percent vs -53.3 percent). Meantime, there was an upturn in sales of goods (1.6 percent vs -15.3 percent). Considering January to May retail sales decreased by 3.9 percent from the corresponding period of 2019.

Retail Sales Yoy in Vietnam averaged 18.56 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 May 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.

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Vietnam Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -26.00 76.75 -26.00 2002 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-29 02:00 AM Feb 6% 10.2% 11.5%
2020-03-27 06:30 AM Mar -0.8% 6% 10.5%
2020-04-29 02:00 AM Apr -26% -0.8% -1.5%
2020-05-29 02:00 AM May -4.8% -26% -15%
2020-06-28 02:00 AM Jun -4.8% 10%
2020-07-29 02:00 AM Jul
2020-08-29 02:00 AM Aug
2020-09-28 02:00 AM Sep 11.5%


News Stream
Vietnam Retail Sales Drop for 3rd Month
Retail Sales in Vietnam fell by 4.8 percent from a year earlier in May 2020, following a 26 percent slump a month earlier. This was the third straight month of drop in retail trade, amid a big blow to the country's trade and service activities due to the coronavirus outbreak. Sales fell less for most categories: tourism (-87.8 percent vs -97.5 percent in April); accommodation service, food & beverage (-33.8 percent vs -64.7 percent); and others (-9.1 percent vs -53.3 percent). Meantime, there was an upturn in sales of goods (1.6 percent vs -15.3 percent). Considering January to May retail sales decreased by 3.9 percent from the corresponding period of 2019.
2020-05-29
Vietnam Retail Sales Fall the Most on Record
Retail Sales in Vietnam slumped 26 percent year-on-year in April 2020, the largest decline on record, as the Covid-19 epidemic had a negative impact on the trade and service activities. Sales plummeted for all categories: tourism (-97.5 percent vs -62.3 percent in March); accommodation service, food & beverage (-64.7 percent vs -26.8 percent); goods (-15.3 percent vs 4.7 percent); and others (-53.3 percent vs -6.5 percent). Considering January to April, retail sales decreased by 4.3 percent from the corresponding period of 2019.
2020-04-29
Vietnam Retail Trade Falls for 1st Time since 2012
Retail Sales in Vietnam decreased 0.8 percent in March of 2020, after surging 6 percent in the previous month. This was the first decline in retail sales since November 2012. Considering the first quarter of 2020, retail activity grew 4.7 percent over a year ago.
2020-03-27
Vietnam Retail Sales Growth Slows to Near 2-Year Low
Retail sales in Vietnam increased by 6 percent year-on-year in February 2020, the least since April 2018, following a 10.2 percent growth in the prior month, on the back of escalating concerns over the widening impact of a virus outbreak. Sales growth eased for both goods (8.2 percent vs 10.7 percent in January), and other services (1.8 percent vs 10.7 percent). In addition, sales declined for both accommodation and catering service (-4.9 percent vs 6.8 percent), and travel services (-6 percent vs 7.4 percent). Considering January to February, retail sales expanded 8.3 percent compared to the same period 2019. On a monthly basis, retail sales dropped by 7.9 percent in February, after a 3.6 percent gain in January.
2020-02-29

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.