Retail sales of goods, services pick up 4.4 percent in Q1
Vietnam’s total revenue from retail sales of goods and services reached 1.3 quadrillion (56.9 billion USD) in the first three months of this year, a year-on-year increase of 4.4 percent, according to the General Statistic Office (GSO).
In March alone, the total retail sales of goods and services hit 438 trillion VND, up 2.9 percent month-on-month and 9.4 percent year-on-year. (Photo: VNA)
Hanoi (VNA) – Vietnam’s total revenue from retail sales of goods andservices reached 1.3 quadrillion (56.9 billion USD) in the first three months ofthis year, a year-on-year increase of 4.4 percent, according to the GeneralStatistic Office (GSO).
Tradeand service activities are gradually recovering with the total retail sales ofconsumer goods and services in the first quarter of 2022 higher than the sameperiod in previous years, it said.
InMarch alone, the total retail sales of goods and services obtained 438 trillionVND, up 2.9 percent month-on-month and 9.4 percent year-on-year.
Retailsales of goods in the period increased by 5.8 percent over last year’s figure.Of which, group of food and foodstuffs was up 11 percent, cultural and educational itemsincreased by 10.1 percent, means oftransport rose by 5.4 percent while clothing was down by 3.6 percent; household appliancesand equipment decreased by 4.9 percent.
The GSO attributed the growth to a sharpincrease in fuel price. In the first quarter of this year, revenue from retailsales of goods of Quang Ninh province rose 11.7 percent over last year’s figure while that of BinhDuong province, Hai Phong, Ba Ria-Vung Tau and Dong Nai was up 10.8 percent, 9.5percent, 9.4 percent and 8.7 percent, respectively.
Three-month revenue of lodging and cateringservices rose by 1.2 percent year-on-year. Localities that recorded high growthwere Bac Ninh (24 percent); Can Tho (18.3 percent); Phu Yen (18.1 percent); LamDong (17.4 percent), Dong Nai (16.2 percent) and Quang Ninh (7.5 percent).Those that posted a decline include Ho Chi Minh City, Tien Giang and Bac Lieuwith 5.6 percent, 26.9 percent and 15.3 percent, respectively.
Turnover from tourism services slightlypicked up 1.9 percent in the first quarter of this year as Vietnam has reopenedto international tourists.
Localities recording stro🍌ng revenuein the period include the central province of Khanh Hoa with 279.1 percent; central QuangNam province with 71.1 percent, southern Can Tho🌠 city with 50.1 percent, northern Ha Giang province with17.6 percent and Hanoi with 10.6 percent while HCM City and Da Nang experienceda drop of 26.8 percent and 51.1 percent, respectively./.
Total retail sales of goods and services plunged 8.7 percent year-on-year to nearly 4.13 trillion VND in the first 11 months of this year, the latest report by the General Statistics Office (GSO) shows.
Ho Chi Minh City’s total retail sales of goods and revenues from services exceeded 89.09 trillion VND (3.9 billion USD) in February, up 0.4 percent against the previous month and 0.9 percent from the same period last year.
Retail sales of goods and services in Hanoi reached 51 trillion VND (2.23 billion USD) in February, a year-on-year increase of 11.1 percent, according to the municipal Department of Industry and Trade.
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).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
In March alone, the total retail sales of goods and services hit 438 trillion VND, up 2.9 percent month-on-month and 9.4 percent year-on-year. (Photo: VNA) 
