Retail sales in Vietnam expanded 22.6 percent from a year earlier in May 2022, accelerating sharply from a 12.1 percent gain in the prior month and marking the sixth straight month of expansion, as consumption strengthened further following an improvement in COVID-19 situation. The latest figure also represented the steepest growth in retail trade since July 2015, boosted by a faster rise in sales of goods (18.3 percent vs 12.4 percent in April) and other services (15.1 percent vs 6.7 percent). At the same time, there was a pickup in sales of both accommodation and food services (69.3 percent vs 14.8 percent), travel (324.4 percent vs 49.4 percent). For the January to May period, retail sales went up 9.7 percent from the same period of 2021. source: General Statistics Office of Vietnam

Retail Sales Yoy in Vietnam averaged 16.74 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 June of 2022.

Retail Sales Yoy in Vietnam is expected to be 5.50 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
2022-04-29 02:00 AM Apr 12.1% 9.4% 10.0%
2022-05-29 02:00 AM May 22.6% 12.1% 9.5%
2022-06-29 02:00 AM Jun 22.6% 29.1%


Related Last Previous Unit Reference
Retail Sales Yoy 22.60 12.10 percent May 2022
Consumer Spending 4270222.00 4115186.37 VND Billion Dec 2020
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
22.60 12.10 76.75 -33.70 2002 - 2022 percent Monthly

News Stream
Vietnam Retail Sales Rise the Most in Near 7 Years
Retail sales in Vietnam expanded 22.6 percent from a year earlier in May 2022, accelerating sharply from a 12.1 percent gain in the prior month and marking the sixth straight month of expansion, as consumption strengthened further following an improvement in COVID-19 situation. The latest figure also represented the steepest growth in retail trade since July 2015, boosted by a faster rise in sales of goods (18.3 percent vs 12.4 percent in April) and other services (15.1 percent vs 6.7 percent). At the same time, there was a pickup in sales of both accommodation and food services (69.3 percent vs 14.8 percent), travel (324.4 percent vs 49.4 percent). For the January to May period, retail sales went up 9.7 percent from the same period of 2021.
2022-05-29
Vietnam Retail Sales Rise the Most in A Year
Retail sales in Vietnam increased by 12.1 percent from a year earlier in April 2022, accelerating from a 9.4 percent gain in the prior month and marking the fifth straight month of expansion. The latest figure also represented the steepest growth in retail trade since April 2021, as consumption strengthened following an acceleration in COVID-19 vaccinations. Sales increased faster foll all categories: goods (12.4 percent vs 10.7 percent in March), accommodation and food services (14.8 percent vs 5.9 percent), travel (49.4 percent vs 29.9 percent), and other services (6.7 percent vs 3.2 percent). For the January to April period, retail sales went up 6.5 percent from the same period of 2021.
2022-04-29
Vietnam Retail Sales Growth Picks Up Strongly
Retail sales in Vietnam increased by 9.4 percent from a year earlier in March 2022, sharply accelerating from a 3.1 percent gain in the prior month. This was the fourth straight month of expansion in retail trade and the steepest pace since last April, as consumption strengthened following an acceleration in COVID-19 vaccinations. Sales of goods bounced back (10.7 percent vs 2.4 percent in February), amid further rises in sales of both accommodation and food services (5.9 percent vs 12.6 percent) and travel (29.9 percent vs 39.4 percent). In addition, there was a noticeable rebound in sales of other services (3.2 percent vs -0.7 percent). For the January to March period, retail sales went up 4.4 percent from the same period of 2021. Last year, retail sales dropped 3.8 percent.
2022-03-29