Retail and consumer service revenues enjoyed good growth in the first quarter of 2022, rising 4.4 percent from the same period last year to 1,318 trillion VND (57.55 billion USD), according to the General Statistics Office (GSO).
Hanoi (VNA) – Retail and consumer service revenues enjoyed good growth in the first quarter of 2022, rising 4.4 percent from the same period last year to 1,318 trillion VND (57.55 billion USD), according to the General Statistics Office (GSO).
Retail revenue alone picked up 5.8 percent year on year, with many domestic retailers posting positive signs in their business.
Mobile World Investment Corporation (MWG) reported that in the first two months of this year, the firm earned after-tax profit of 1 trillion VND (43.6 million USD), up 8 percent year on year.
Meanwhile, revenue generated from retail activities of Phu Nhuan Jewelry JSC (PNJ) rose 53.3 percent year on year in the first two months with earnings from online sales surging 115 percent.
Experts from KB Securities Vietnam JCC (KBSV) attributed the recovery in retailers’ revenue to the reopening of the economy and the resumption of entertainment activities.
To maintain this development trend, businesses are expanding their operations and distribution network to bring their products closer to customers.
The FPT Digital Retail Joint Stock Company (FPT Retail) plans to open additional 70 new laptop shops to maintain its position as the leading laptop retailer in the country. It will also launch about 100 new FPT Shops across the country.
Meanwhile, it will expand the coverage of its Long Chau pharmacy chain to all 63 localities across Vietnam, increasing the number of the pharmacies to about 700-800 this year.
In 2022, FPT Retail targets revenue of 27 trillion VND and after-tax profit of 720 billion VN, up 20 percent and 30 percent over the previous year, respectively.
MWG has also announced its plan to shake hands with Erajaya Group to form PT Era Blue Elektronik (Era Blue) joint venture to develop the largest electronics retail chain in Indonesia.
KBSV experts held that a young population and the high GDP growth rate of Vietnam will help boost the retail sector’s growth in the future. However, they predicted that inflation will be among factors that prompt consumers to tighten their spending, which may slow down the sector’s expansion./.
Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Retail petrol prices fell by more than 1,000 VND per litre from 0:00 on April 1 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
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).
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
