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).
Prime Minister Pham Minh Chinh had a meeting with leaders of Can Tho on May 14, requesting the Mekong Delta city be flexible, innovative, and creative to remove difficulties facing people and enterprises.
Hanoi recorded a slight year-on-year decrease of 1.3% in exports to 5.3 billion USD in the first four months of 2023, according to its Department of Industry and Trade.
E-commerce will remain the fastest growing and most stable economic sector this year, according to the Vietnam Online Business Forum 2023 in Hanoi on April 18.
Total retail sales of goods and consumer service revenue increased 13.9% year on year to over 1.5 quadrillion VND (63.9 million USD) in the first quarter of 2023, compared to the 5% growth in the same period of 2022, the General Statistics Office (GSO) reported.
Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.
Singapore’s retail sales in January fell for the first time in nearly a year amid a slump in motor vehicle sales and as consumers snapped up fewer big-ticket furniture and household equipment, according to the Singaporean Department of Statistics.
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.
Vietnam’s total retail sales of goods and services in the first two months of this year were estimated at 994.2 trillion VND (41.88 billion USD), up 13% year-on-year, according to the General Statistics Office (GSO).
Ho Chi Minh City recorded a year-on-year rise of 5.7% in total retail sales of goods and consumer service revenue in January, according to its Department of Industry and Trade.
The scale of the domestic retail market is expected to increase from 142 billion USD at present to 350 billion USD by 2025, contributing 59% of the national GDP, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s total retail sales of goods and services in January was estimated at 544.8 trillion VND (23.22 billion USD), up 5.2% from the previous month and 20% as compared with the same period last year, according to the General Statistics Office (GSO).
Revenue from retail sales of goods and services totalled about 515.8 trillion VND (21.87 billion VND) in December and over 1.54 quadrillion VND (65.3 billion USD) in the fourth quarter of 2022, a year on year rise of 17.1%, reported the General Statistics Office (GSO).
The Mekong Delta city of Can Tho recorded 12.64% growth in gross regional domestic product (GRDP) this year, its highest ever, announced the municipal Statistics Office on December 28.
Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the 10 most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).
The southern province of Binh Duong has so far this year attracted over 3 billion USD in foreign direct investment (FDI), taking the lead in the Southeast region, according to Nguyen Tam Duong, chief of the Office of the provincial People’s Committee.
Singapore’s retail sales grew by 10.4% year on year in October, lower than the 11.3% increase recorded in the previous month, according to data released by the country’s Department of Statistics on December 6.
Experts from the World Bank (WB) suggested that Vietnamese monetary authorities consider further flexibility in the exchange rate, including a higher pace of depreciation.
Vietnam’s industrial production and retail sales slid down in October due to stalled demand at home and abroad, according to the Vietnam Macro Monitoring report released by the World Bank in Hanoi on November 16.
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