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Strong consumer demand drives May retail sales up 10.2%

HCMC – Vietnam’s total retail sales of consumer goods and services in May rose 10.2% year-on-year, driven by robust consumer spending and a surge...

Goods and service retail revenue rises 9.5% in January

HCMC – Total retail sales of goods and services in January reached an estimated VND573.3 trillion, a 9.5% increase over the same period last...

An ongoing retail store battle

Convenience stores represent a mere 0.3% of Vietnam’s retail market, where foreign companies hold sway, much like in hypermarkets and shopping malls. Many convenience...

Will domestic demand rebound?

In 2024, economic growth reached 7.09%, a little bit higher than the 7% forecast by the prime minister at the National Assembly session in...

Key growth drivers amid uncertainties

As Vietnam is working hard to attain its 2024 economic growth target of 7%, domestic consumption stimulus has emerged as a critical tool. Alongside...

VAT for low-value imports

Regarding the identification of digital platforms responsible for value-added tax (VAT) collection, along with the roles of sellers and buyers, this article discusses the...

HCMC records retail and tourism growth

HCMC – The economic landscape of HCMC has changed for the better, with robust growth in retail and tourism, showed new data from the...

Vietnam retail sector embraces digital transformation

HCMC - Vietnam’s retail sector is undergoing an accelerated digital transformation as retailers are adopting data-driven strategies and diversified sales channels to reduce costs...

Retail under pressure

Retail comes under mounting pressure as consumer sentiment remains subdued due to concerns about income. Consumers are increasing savings, a shift from the spending...

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