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.
