Retail sales in Vietnam rose by 12.7 percent year-on-year in December of 2018, following a 12.2 percent increase in the prior month. It was the biggest gain in retail trade since July, as sales went up further for goods (13.7 percent vs 13.1 percent in November); accommodation & food (11.1 percent vs 8.2 percent); and other services (12.8 percent vs 11.7 percent). On the other hand, sales slowed for tourism (3.2 percent vs 3 percent). Considering the whole year of 2018, retail sales rose 11.7 percent compared to the same period the previous year. Retail Sales Yoy in Vietnam averaged 19.54 percent from 2002 until 2018, reaching an all time high of 76.75 percent in November of 2011 and a record low of -20.73 percent in November of 2012.
Retail Sales Yoy in Vietnam is expected to be 9.30 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 11.50 in 12 months time. In the long-term, the Vietnam Retail Sales YoY is projected to trend around 10.60 percent in 2020, according to our econometric models.