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.