Retail goods, services gross 1.4 quadrillion VND in four months
Retail goods and services generated revenues of nearly 1.4 quadrillion VND (63 billion USD) in the first four months of 2018, a year-on-year rise of 9.85 percent.
Hanoi (VNA) – Retail goods and servicesgenerated revenues of nearly 1.4 quadrillion VND (63 billion USD) in the firstfour months of 2018, a year-on-year rise of 9.85 percent.
Tourism recorded the strongest growth of 26.1percent thanks to economic recovery, increasing tourism demand, and theincreasing number of foreign tour packages in Vietnam, according to theMinistry of Industry and Trade.
Other groups saw a year-on-year increase rangingfrom 8 to 12.7 percent.
In April alone, the total sales of retail goodsand services reached over 350.5 trillion VND (15.3 billion USD), up 1.7 percentagainst the previous month and 9.54 percent over the same period last year.
The total revenue from retail sales and servicesreached 3.93 quadrillion VND (174.85 billion USD) in 2017, surging 10.9 percentyear-on-year, according to the General Statistics Office (GSO).
In 2016, Vietnam was listed in the top 30 mostlucrative emerging retail markets in the world for foreign investors in A.T.Kearney's Global Retail Development Index.
The country’s retail market is expected to growfast to meet surging demand for shopping and recreational activities from 2018to 2021.
According to Savills Vietnam – the largestproperty consultancy in Vietnam, numerous international retailers plan toinvest in the sector in Vietnam, including Thailand’s TCC group and CentralGroup, Singapore’s Mapple Tree and Kepple Land, Korean Lotte and Emart andJapanese Aeon and Takashimaya.
The participation of foreign investors will helpenhance retail service quality via mergers and acquisitions (M&A), andcooperation between domestic and foreign retailers.
The market also has room for shopping malls,supermarkets and one-price shops using technology in operation and management.
Online shopping and non-cash payments will beamong factors to change Vietnam’s retail market.
With an over-90 million population, nearly70 percent of whom are at working age, 34 percent living in urban areas andannual income per capita reaching 2,385 USD, Vietnam is considered to have hugeroom for retail growth.-VNA
Vietnamese producers of consumer goods should invest more in improving product quality and develop close links among themselves to negotiate better with foreign-owned retailers, a seminar heard.
The total national retail value of goods and services in August reached nearly 292.8 trillion VND (13 billion USD), with purchasing power declining 0.3 percent against July.
The Mekong Delta is emerging as a destination for both domestic and foreign retail companies who have spotted potential in the local retail market, the Cong Thuong newspaper reported.
Retail goods and services generated revenues of 704 trillion VND (30.88 billion USD) in the first two months of this year, a year-on-year increase of 10.1 percent.
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.
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.
Customers at a supermarket in Hanoi (Photo: VNA) 
