Retail sales in Vietnam soared 50.2 percent from a year earlier in August 2022, faster than a 42.6 percent gain in the prior month. This was the ninth straight month of expansion in retail trade and the strongest pace since November 2011, boosted by strengthening consumption following further improvement in the COVID-19 situation. Sales gained momentum for all categories: including goods (31.9 percent vs 29.4 percent in July), accommodation and food services (185.3 percent vs 134.7 percent), travel (6,436.9 percent vs 3,450.6 percent), and other services (197.2 percent vs 107.6 percent). For the January to August period, retail sales expanded 19.3 percent from the same period in 2021. source: General Statistics Office of Vietnam
Retail Sales YoY in Vietnam averaged 17.03 percent from 2002 until 2022, reaching an all time high of 76.75 percent in November of 2011 and a record low of -33.70 percent in August of 2021. 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 September of 2022.
Retail Sales YoY in Vietnam is expected to be 29.10 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 2023, according to our econometric models.