Total retail sales up 8.5% in eight months

The total retail sales of goods and services increased by 8.5% to nearly 4.15 quadrillion VND (169.7 billion USD) in the January – August period thanks to improving consumption, production and tourism, according to the latest updates of the General Statistics Office (GSO).

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) - The total retail sales of goods and services increased by 8.5% to nearly 4.15 quadrillion VND (169.7 billion USD) in the January – August period thanks to improving consumption, production and tourism, according to the latest updates of the General Statistics Office (GSO).

The retail sales of goods totalled nearly 3,200 trillion VND, accounting for 77.1 % of the total revenue and up 7.3% against the same period last year.

Revenue from food and foodstuffs rose by 10.2%, household appliances up by 10.1%, garments by 8.7%, vehicles by 4% and educational items by 9.6%.

Provinces and cities which saw significant increases in retail revenues included Quang Ninh, up 10.6%; Hai Phong, up 9.3%; Can Tho, up 7.7%; Da Nang, up 7.6%; Ho Chi Minh City, up 6.8%; and Hanoi, up 6.3%.

Revenue from accommodation and catering services rose by 14.3% while tourism rose by 26.2% in the period.

The GSO’s report also revealed that international arrivals to Vietnam reached 1.43 million in August, up 17.7%.

For the eight months, international arrivals totalled 11.4 million, up 45.8% against the same period last year and 1% higher than 2019 before the outbreak of the COVID-19 pandemic.

Provinces and cities with significant increases in accommodation, catering and tourism revenues were Quang Ninh, Da Nang, Hanoi, HCM City, Can Tho and Binh Duong.

Passenger transportation reached 3,234 million in the period, up 7.5% while cargo transportation reached 1,686 million tonnes, up 13%.

The GSO urged the Ministry of Industry and Trade to speed up the review and amendments of legal documents to promote the development of the domestic market.

A close watch will be on the market developments to ensure adequate supply and stable prices of necessary goods in the remaining months of this year./.

VNA

See more

Deputy Prime Minister Nguyen Chi Dung speaks at the Vietnam Innovation and Private Capital Investment Forum 2025 (VIPC Summit 2025) in Hanoi on April 22. (Photo: VNA)

Deputy PM commits to innovation-driven growth at VIPC Summit 2025

Vietnam identifies sci-tech, innovation, and digital transformation as key economic drivers over the next decade, Deputy PM Dung said, noting that Vietnam’s strategic appeal to global tech giants is bolstered by a major shift in global supply chains, allowing the country to expand its manufacturing footprint in electronics, semiconductors, and AI.

A customer buys gold at a Bao Tin Minh Chau store in Hanoi (Photo: VNA)

Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at 120.5-122.5 million VND per tael.

A shopping centre in HCM City. The affordable and mid-range segments will remain pivotal in the city's retail property. (Photo: VNA)

HCM City retail property market faces challenges

New retail malls are consistently being introduced in districts outside the central areas, offering a wide array of business models. This trend is gradually transforming traditional street-front retail, which is under significant pressure from the growing e-commerce sector.

The event "The Essences of Vietnam Fruits" promotes typical fruits of localities across Vietnam. (Photo: congthuong.vn)

High-quality Vietnamese fruits to be showcased in Hanoi

Each displayed product will have a QR code which helps visitors easily access detailed relevant information, such as product origin, growing area, production and preservation processes, and official sales addresses.

A worker checks information on product origin at Dong A steel factory (Photo: www.sggp.org.vn)

Vietnam tightens product origin rules to boost global trade edge

As Vietnam deepens its integration into the global economy through more than 15 free trade agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), origin transparency has become a non-negotiable requirement to access tariff preferences and avoid trade defence measures.

Production at a small enterprise in Thanh Hoa province. Linkages will help small and medium sized enterprises diversify markets. (Photo: VNA)

Local businesses should strengthen links to overcome global challenges: Experts

Tran Thi Hong Minh, Director of the Institute for Policy and Strategy Studies under the Party Central Committee’s Commission for Policies and Strategies, said: "In a world of rapid and complex changes, linkages help businesses diversify markets, connect with new models and better use resources. They are also critical in mitigating risks and enhancing overall competitiveness.”

Nestlé Vietnam announces investment expansion in Vietnam operations (Photo: thanhnien.vn)

Nestlé announces investment expansion in Vietnam operations

Since 2011, Nestlé’s NESCAFÉ Plan has supported over 21,000 coffee farming households in adopting internationally recognised sustainable farming practices. These efforts have helped reduce water use by 40–60%, cut chemical fertiliser use by 20%, and increase farmers' incomes by 30–150% through crop diversification

Vietnam to diversify markets for agricultural products amid global trade shifts. (Photo: VNA)

Vietnam to diversify markets for agricultural products amid global trade shifts

According to the Ministry of Agriculture and Environment (MAE), Vietnam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies. Nonetheless, these challenges also present an opportunity for Vietnam to adjust its export strategy and focus more intently on emerging and high-potential markets.