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.