Retail sales, consumer service revenue rise 12 percent in Q1
The total goods retail sales and consumer service revenue surpassed 1.18 quadrillion VND (over 50.8 billion USD) in the first quarter of 2019, up 12 percent year on year, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) – The total goods retail sales andconsumer service revenue surpassed 1.18 quadrillion VND (over 50.8 billion USD)in the first quarter of 2019, up 12 percent year on year, according to theMinistry of Industry and Trade (MoIT).
That figure included 392.2 trillion VND inMarch, up 0.9 percent from the previous month and 12.1 percent from the sameperiod last year.
The MoIT said the sustained growth in the retailsales and consumer service revenue was supported by the sufficient supply ofgoods although the global economic growth tended to slow down in the firstmonths of the year.
The domestic market has been kept stable withabundant goods supply and stable prices. During the period, it was mainly fuelledby the surged demand in preparation for the Lunar New Year holiday which fellin early February.
The MoIT’s Domestic Markets Department hasn’tseen any factors that may have negative impact on the domestic goods market inthe time ahead. It forecast this year’s total retail sales and consumer servicerevenue will still grow by the targeted rate of about 12 percent from 2018.
Deputy Minister Cao Quoc Hung said to removeproduction and business bottlenecks and promote economic growth, the MoIT willpress ahead with solutions to create development breakthroughs in the domesticmarket and foster export, especially the shipment of agricultural products.
The ministry will perfect legal regulations andpolicies on trading infrastructure, and attract more domestic and foreigninvestment to developing wholesale markets.
It will also coordinate with relevant agenciesand organisations to resolutely carry out the law on support for small- andmedium-sized enterprises so as to assist these firms to take part in Vietnamesegoods distribution chains in the domestic market, Hung added.-VNA
The country’s total retail sales and services revenue rose 12.2 percent year-on-year to 793.8 trillion VND (35.2 billion USD) in the first two months of this year.
The consumer price index (CPI) in March fell 0.21 percent from last month, helping the average CPI in the first quarter stay at a three-year low of 2.63 percent year-on-year.
Lower prices in seven of the 11 groups of consumer goods and services helped drag the consumer price index (CPI) in March down by 0.21 percent from last month, according to the General Statistics Office (GSO).
Vietnam gained positive economic achievements in the first quarter of this year despite a range of difficulties both in and outside the country, Prime Minister Nguyen Xuan Phuc has said.
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.
Consumers shop at a supermarket (Photo: VNA) 
