Retail sales in Vietnam increased by 11.4 percent year-on-year in May 2019, slowing from a 12 percent gain in the previous month. It was the smallest gain in retail trade since May last year, as sales eased for all categories: goods (12.7 percent vs 13.1 percent in April); tourism (10.3 percent vs 13.2 percent); accommodation & food (9.6 percent vs 9.9 percent); and other services (5.2 percent vs 6.8 percent). Considering the first five months of the year, retail sales advanced 11.6 percent compared to the corresponding period of the prior year. Retail Sales Yoy in Vietnam averaged 19.34 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.
Retail Sales Yoy in Vietnam is expected to be 10.90 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 9.50 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.