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.

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Vietnam Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 02:00 AM Jul 42.6% 27.3% 35.9%
2022-08-29 02:00 AM Aug 50.2% 42.6% 47%
2022-09-29 02:00 AM Sep 50.2% 41%


Related Last Previous Unit Reference
Retail Sales YoY 50.20 42.60 percent Aug 2022
Consumer Spending 4736308.62 4270222.00 VND Billion Dec 2021
Retail Sales MoM -28.80 62.00 percent Jan 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
50.20 42.60 76.75 -33.70 2002 - 2022 percent Monthly

News Stream
Vietnam Retail Sales Grow the Most in Near 11 Years
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.
2022-08-29
Vietnam Retail Sales Rise the Most in Near 11 Years
Retail sales in Vietnam soared 42.6 percent from a year earlier in July 2022, quickening sharply from a 27.3 percent gain in the prior month. This was the eighth 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 (29.4 percent vs 21.0 percent in June), accommodation and food services (134.7 percent vs 80.0 percent), travel (3,450.6 percent vs 1,659.4 percent), and other services (107.6 percent vs 35.2 percent). For the January to July period, retail sales went up 16.0 percent from the same period in 2021.
2022-07-29
Vietnam Retail Sales Growth at 14-Month Peak
Retail sales in Vietnam expanded 27.3 percent from a year earlier in June 2022, faster than a 22.6 percent gain in the prior month. This was the seventh straight month of expansion in retail trade and the strongest pace since April 2021, as consumption strengthened further following an improvement in COVID-19 situation. Sales gained momentum for all categories: including goods (21.0 percent vs 18.3 percent in May), accommodation and food services (80.0 percent vs 69.3 percent), travel (1,659.4 percent vs 324.4 percent), and other services (35.2 percent vs 15.1 percent). For the January to June period, retail sales went up 11.7 percent from the same period of 2021.
2022-06-29