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Ho Chi Minh City’s economic growth is expected to climb to 5.87% in the second quarter of 2023, its leader has said.

Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5% over the previous month and 11.5% year on year thanks to the long holidays in the beginning of the month, according to the General Statistics Office (GSO).

Hanoi’s Department of Industry and Trade on May 18 kicked off “Hanoi Sales Promotion 2023” at Thong Nhat Park and introduced activities within the programme from May to November.

Central Retail Vietnam's sourcing team has met with businesses and suppliers in the southeast to discuss cooperation opportunities at a trade promotion conference between Ho Chi Minh City and its neighbours in Binh Phuoc province last week.

Hanoi’s total retail sales of goods and services in the first two months of this year were estimated at 122.5 trillion VND (5.16 billion USD), up 12.3% year-on-year, according to the municipal Statistics Office.

Starbucks is committed to expanding further in Vietnam with its plan to open the 100th store by the end of the second quarter this year – a decade after the first shop opened in Ho Chi Minh City in February 2013.

Unlike previous months, Ho Chi Minh City recorded a month-on-month decline of 0.07% in its December consumer price index (CPI), the municipal Statistics Office said on December 30.

Following two years of low sales during Tet (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered and consumers have a positive outlook on economic prospects, according to market research company Kantar Worldpanel Vietnam.

Vietnam’s e-commerce market will become the fastest-growing in Southeast Asia by 2026, head of Amazon Global Selling Vietnam Gijae Seong cited a recent report while addressing the launch of the Amazon Week in Hanoi on October 27.

Vietnam's import and export activities will face many difficulties and challenges in the last months of this year and into the next, according to Nguyen Cam Trang, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Vietnam reported 6.52 billion USD in trade surplus during January – September, according to the General Statistics Office of Vietnam.

Vietnam’s consumer price index (CPI) in the third quarter of this year expanded 3.32% as compared with the corresponding time last year, the General Statistics Office (GSO) said at a press conference in Hanoi on September 29.

Vietnam’s consumer price index (CPI) in August increased slightly by 0.005% from the previous month. Among the 11 groups of main consumer goods and services, nine reported price hikes, according to the General Statistics Office.

Vietnam has arranged a booth designated to popularise the protection of its sovereignty over Truong Sa (Spratly) and Hoang Sa (Paracel) archipelagos at a Vietnamese food and consumer goods fair in Osaka, Japan.

The July consumer price index (CPI) grew 0.4% from the previous month, contributing to the year-on-year growth of 2.54% in the first seven months of 2022, the General Statistics Office (GSO) said on July 29.

More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.

Vietnamese conglomerate Masan Group has received permission to invest 3.5 trillion VND (149 million USD) in a Foodstuff Industry Centre project in Hau Giang province to produce foodstuff and cosmetic products.

The Vietnam Consumer Protection Association (VCPA) will start a survey programme for consumer-trusted goods and services in 2022.

There was a significant increase in Japanese investment in Vietnam’s non-manufacturing industries, such as retailing, education, healthcare, energy, finance and insurance, transport and real estate, according to a 2021 survey of the Japan External Trade Organisation (JETRO) on 700 Japanese FDI enterprises in Vietnam.

The total retail sales of consumer goods and services in the first two months of 2022 posted a year-on-year increase of 1.7 percent, hitting 876 trillion VND (over 38.35 billion USD), according to the General Statistics Office (GSO).