Retail sales in Vietnam rose by 12.1 percent year-on-year in March 2019, accelerating from a 11.5 percent growth in a month earlier, as sales of goods increased at a faster rate (13.6 percent vs 12.5 percent in February). At the same time, sales continued to grow for: accommodation & food (8.9 percent vs 9.4 percent), other services (5.5 percent vs 6.2 percent) and tourism (16.7 percent vs 17.1 percent). Considering January to March, retail sales advanced 13.4 percent compared to the corresponding period the preceding year. Retail Sales Yoy in Vietnam averaged 19.42 percent from 2002 until 2019, 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 8.80 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 10.10 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.