Apart from impressive growth of industrial production index, trade and service activities in the seven months of this year were fairly active as local spending grew.
Hanoi (VNA) – Apart from impressivegrowth of industrial production index, trade and service activities in theseven months of this year were fairly active as local spending grew.
A report from the General Statistics Officeshowed the total retail of consumer goods and services in July was estimated at371.5 trillion VND (16.36 billion USD), up 1.6 percent month-on-month and 13.3percent year-on-year.
During the month, revenue from goods retailreached 277.1 trillion VND, up 1.6 percent monthly and 14 percent annually.Meanwhile, accommodation and dining generated 45.9 trillion VND, up 2.1 percentand 6.4 percent, respectively, and tourism revenue hit 3.5 trillion VND,marking a respective increase of 2.3 percent and 9.2 percent.
In the first seven months, the total retailof consumer goods and services amounted to 2.49 quadrillion VND (100 billionUSD), up 11.1 percent annually. Of the figure, 1.87 quadrillion VND was fromgoods retail, accounting for 75.2 percent and up 11.7 percent year-on-year.
Consumers mostly bought necessities such as food(up 12.6 percent), apparel (12.4 percent), household appliances (12.3 percent)and stationery (10.3 percent).-VNA
Vietnam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power.
Total revenue from retail sales and services topped 160 billion USD during the first 11 months of 2017, surging 10.7 percent year-on-year, according to the General Statistics Office (GSO).
HCM City’s retail sector has been growing steadily, achieving an 11.3 percent increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.
Facing increasing competition from the arrival of many world leading retailers, domestic retailing companies are turning their eyes to the rural market to capitalise on the advantage of home ground.
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.
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.
Illustrative image (Source: VNA) 
