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Retail sales of goods and services hit $65.4 bln in Q1, making a year-on-year increase of 9.9%
Vũ Khuê | 04/08/2025
The growth driven by increase in consumption demand during Tet and holidays in the early year.
The total revenue from retail sales of consumer products and services in the first quarter of the year reached over VND1.7 quadrillion ($65.4 billion), a year-on-year increase of 9.9%, figures from the National Statistics Office show.
The retail sales of products amounted to over VND1.31 quadrillion ($50.4 billion), accounting for 76.8% of the total value and jumping 8.8% compared to the same period last year. That of food and foodstuffs surged 10.1%, household appliances and tools 6.3%, garment 6.9%, and cultural and educational products 13.3%.
In March alone, the revenue was estimated at VND570.9 trillion ($22 billion), up 10.8% year-on-year.
The retail sale increase was attributed to high consumption demand during the Tet (Lunar New Year) festival and holidays in the early year, according to the office. A rise in the number of foreign tourists to Vietnam also contributed to the growth of the trade and service sector.
Source: Vneconomy
