Under the resolution, the Government assigns the Ministry of Industry and Trade (MoIT) to be responsible for the contents of the draft law, as well as the contents of the reports on acceptance and explanation of opinions of the National Assembly (NA)’s Standing Committee and Government members on the law.
For the first nine months of 2025, total retail sales and service revenue recorded a solid increase of 9.5% year-on-year to over 5.17 quadrillion VND. Excluding the price factor, the growth rate was 7.2%, compared to a 5.8% rise in the same period last year.
A wide range of activities marking the 80th anniversary of the August Revolution and National Day (September 2) gave a strong boost to demand for goods, services, and tourism.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
Retail sales of goods—which account for 76.5% of total revenue—grew by 7.9%, indicating that consumers are becoming more cautious with non-essential purchases and increasingly prioritising basic needs.
In March, total retail sales of goods and consumer service revenue rose 10.8% compared to the same period last year, driven by the increasing demand for national holidays, and the growing number of foreign visitors to Vietnam.
Total retail sales of goods and revenue from consumer services in January were estimated at 524.1 trillion VND (21.47 billion USD), up 8.1% year-on-year, as consumers have been on the mood to shop for the upcoming Tet (Lunar New Year) Festival, according to the General Statistics Office (GSO).
The offering of promotions with attractive discounts, even 100%, at the national scale by producers and distributors is expected to help boost the circulation of goods and encourage people to shop more.
Ho Chi Minh City earned more than 7.98 billion USD from exports in the first two months of 2021, up 25.1 percent year-on-year, the municipal Department of Industry and Trade has reported.
Total retail sales of goods and revenue from consumer services in January are estimated at 479.9 trillion VND (nearly 20.77 billion USD), up 3.7 percent month-on-month and 6.4 percent year-on-year, according to the General Statistics Office (GSO).
With a scale of nearly 180 billion USD and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors.
HCM City’s total retail sales of goods and service revenue fell 11.2 percent year-on-year to 387.5 trillion VND (16.5 billion USD) in the first four months of this year, primarily due to travel restrictions and changes in consumption.