Retail sales in Vietnam slumped 19.8 percent from a year earlier in July of 2021, after a 6.6 percent drop in the previous month. This was the third straight month of decline in retail trade and the steepest pace since April 2020, as consumption deteriorated due to a resurgence of local COVID-19 cases. Sales contracted for all categories: goods (-11.4 percent vs -1.3 percent in June), accommodation and food services (-53.8 percent vs -31.1 percent), other services (-43 percent vs -20.3 percent), and travel (-92.6 percent vs -80.4 percent). Considering the first seven months of the year, retail trade went up 0.7 percent over the same period of 2020. source: General Statistics Office of Vietnam

Retail Sales Yoy in Vietnam averaged 17.69 percent from 2002 until 2021, 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 July of 2021.

Retail Sales Yoy in Vietnam is expected to be 7.70 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 2022, according to our econometric models.

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Vietnam Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-19.80 -6.60 76.75 -26.00 2002 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 02:00 AM Apr 30.9% 9.2% 13%
2021-05-29 02:00 AM May -1% 30.9% 11%
2021-06-29 02:00 AM Jun -6.6% -1% -2%
2021-07-29 02:00 AM Jul -19.8% -6.6% -4.9%
2021-08-29 02:00 AM Aug -19.8%
2021-09-29 02:00 AM Sep
2021-10-29 02:00 AM Oct
2021-11-29 02:00 AM Nov


News Stream
Vietnam Retail Sales Drop the Most in 15 Months
Retail sales in Vietnam slumped 19.8 percent from a year earlier in July of 2021, after a 6.6 percent drop in the previous month. This was the third straight month of decline in retail trade and the steepest pace since April 2020, as consumption deteriorated due to a resurgence of local COVID-19 cases. Sales contracted for all categories: goods (-11.4 percent vs -1.3 percent in June), accommodation and food services (-53.8 percent vs -31.1 percent), other services (-43 percent vs -20.3 percent), and travel (-92.6 percent vs -80.4 percent). Considering the first seven months of the year, retail trade went up 0.7 percent over the same period of 2020.
2021-07-29
Vietnam Retail Sales Shrinks for 2nd Month
Retail sales in Vietnam fell by 6.6 percent year-on-year in June 2021, much faster than a 1 percent drop a month earlier. This was the second straight month of decline in retail trade, as consumption weakened due to a resurgence of local COVID-19 infections. Sales contracted for all categories: goods (-1.3 percent vs 0.5 percent in May), accommodation and food services (-31.1 percent vs -11.8 percent), other services (-20.3 percent vs -2.7 percent), and travel (-80.4 percent vs -17.8 percent). Considering the first six months of the year retail trade increased by 4.9 percent over the same period of 2020.
2021-06-29
Vietnam Retail Sales Drop for 1st Time in a Year
Retail sales in Vietnam fell by 1 percent year-on-year in May 2021, reversing from a 30.9 percent jump a month earlier. This was the first drop in retail trade since May 2020, as consumption weakened due to a resurgence of local COVID-19 infections. Sales contracted for most categories: accommodation and food services (-11.8 percent vs 92.3 percent in April), other services (-2.7 percent vs 16,456 percent), and travel (-17.8 percent vs 745.6 percent). Meanwhile, sales of goods grew much slower (0.5 percent vs 22.2 percent). Considering the first five months of the year retail trade grew by 7.6 percent over the same period of 2020.
2021-05-29
Vietnam Retail Sales Rise the Most in More than 9 Years
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.
2021-04-29

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.