Retail sales in Vietnam increased by 4.9 percent from a year earlier in September of 2020, after a 1.9 percent rise in the previous month. This was the fastest rise in retail trade since June as demand improved following the government's measures to fight against the COVID-19 pandemic, with sales of goods rising faster (9.2 percent vs 6.6 percent in August). Meanwhile, sales fell further for accommodation, foods & beverages (-7.3 percent vs -15.6 percent), travel (-70 percent vs -74.4 percent), and other services (-5 percent vs -4.3 percent). Considering the January to September period, retail trade rose by 0.7 percent from the same period of 2019.

Retail Sales Yoy in Vietnam averaged 18.29 percent from 2002 until 2020, 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 October of 2020. source: General Statistics Office of Vietnam

Retail Sales Yoy in Vietnam is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales Yoy in Vietnam to stand at 6.50 in 12 months time. In the long-term, the Vietnam Retail Sales YoY is projected to trend around 10.60 percent in 2021, according to our econometric models.

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Vietnam Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
4.90 1.90 76.75 -26.00 2002 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 02:00 AM Jun 5.3% -4.8% 10%
2020-07-29 02:00 AM Jul 4.3% 5.3% 6.5%
2020-08-29 02:00 AM Aug 1.9% 4.3% 4.5%
2020-09-29 02:00 AM Sep 4.9% 1.9% 2.5%
2020-10-29 02:00 AM Oct 4.9%
2020-11-29 02:00 AM Nov
2020-12-28 02:00 AM Dec 8.5%


News Stream
Vietnam Retail Sales Growth at 3-Month High
Retail sales in Vietnam increased by 4.9 percent from a year earlier in September of 2020, after a 1.9 percent rise in the previous month. This was the fastest rise in retail trade since June as demand improved following the government's measures to fight against the COVID-19 pandemic, with sales of goods rising faster (9.2 percent vs 6.6 percent in August). Meanwhile, sales fell further for accommodation, foods & beverages (-7.3 percent vs -15.6 percent), travel (-70 percent vs -74.4 percent), and other services (-5 percent vs -4.3 percent). Considering the January to September period, retail trade rose by 0.7 percent from the same period of 2019.
2020-09-29
Vietnam Retail Sales Growth Slows to 3-Month Low
Retail sales in Vietnam increased by 1.9 percent from a year earlier in August of 2020, after a 4.3 percent rise in the previous month. This was the slowest rise in retail trade since a decline in May on the back of the government's measures to fight against the second wave of COVID-19 infections. Sales of goods rose at a softer rate (6.6 percent vs 7 percent in July) while those of accommodation, foods & beverages (-15.6 percent vs -4.4 percent), travel (-74.4 percent vs -59.7 percent), and other services (-4.3 percent vs 0.9 percent) all fell. Considering the January to August period, retail trade declined by 0.2 percent from the same period of 2019.
2020-08-29
Vietnam Retail Sales Grow Further
Retail sales in Vietnam increased by 4.3 percent from a year earlier in July 2020, after a 5.3 percent rise in June. This was the second straight month of gain in retail trade, as demand continued to recover following the government's measures to fight against the COVID-19 pandemic. There were rises in sales of both goods (7 percent vs 9.4 percent in June) and other services (0.9 percent vs -2.1 percent). Meantime, sales fell for both accommodation, foods & beverages (-4.4 percent vs -8.3 percent), and travel (-59.7 percent vs -50.7 percent). Considering the January to July period, retail trade declined by 0.4 percent from the same period of 2019.
2020-07-29
Vietnam Retail Sales Grow First Time in 4 Months
Retail sales in Vietnam increased by 5.3 percent from a year earlier in June 2020, after a 4.8 percent fall in May. This was the first increase in retail trade since February, as demand was improved following the government's measures to fight against the COVID-19 pandemic, mainly for goods (9.4 percent vs 1.6 percent in May). At the same time, declines softened for accommodation, foods & beverages (-8.3 percent vs -33.8 percent), travel (-50.7 percent vs -87.8 percent), and other services (-2.1 percent vs -9.8 percent). Considering the January to June period, retail sales declined by 0.8 percent from the same period of 2019.
2020-06-29

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.