Retail sales in Vietnam jumped by 30.9 percent year-on-year in April 2021, following a 9.2 percent rise in the previous month. This marked the eleventh straight month of growth in retail trade and the fastest rate since December 2011, amid strengthening consumption as the economy recovered further from the coronavirus shocks. Sales growth accelerated strongly for goods (22.2 percent vs 8.5 percent in March), accommodation, foods & beverages (92.3 percent vs 13.6 percent), and other services (16,456 percent vs 11.4 percent). In addition, there was a strong upturn in travel sales (745.6 percent vs -34.6 percent). From the January to April period, retail trade grew by 10 percent over the same period of 2020. source: General Statistics Office of Vietnam
Industrial Production in Vietnam averaged 8.73 percent from 2009 until 2021, reaching an all time high of 28.40 percent in January of 2010 and a record low of -10.50 percent in April of 2020. This page provides the latest reported value for - Vietnam Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Industrial Production in Vietnam is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Vietnam to stand at 5.50 in 12 months time. In the long-term, the Vietnam Industrial Production is projected to trend around 6.90 percent in 2022, according to our econometric models.