Vietnam’s total revenue from retail sales and services in the first half of this year has maintained high growth since the beginning of the year, according to the General Statistics Office (GSO).
Hanoi (VNS/VNA) – Vietnam’s total revenue from retailsales and services in the first half of this year has maintained high growthsince the beginning of the year, according to the General Statistics Office(GSO).
Retail goods and services posted a revenue of nearly 2.12quadrillion VND (94 billion USD) in the first six months of 2018, ayear-on-year rise of 10.7 percent. If inflation was excluded, the increasewould be 8.3 percent, higher than the 7.9 percent growth seen in the first fivemonths of 2017, the GSO said.
An abundant supply of essential goods and stable prices hadspurred local trade and lifted purchasing power during the period, Vu Manh Ha,a GSO statistician, said.
Retail sales of goods, which accounted for 75.3 percent ofthe total revenue, reached an estimated 1.59 quadrillion VND (70.9 billion USD)with several products recording strong increases, including food and foodstuffs(12.4 percent), garments (12.3 percent), home appliances (12 percent) andtransport services (8.8 percent).
Meanwhile, retail sales in accommodation, restaurants andcatering services saw a yearly increase of 9.6 percent to 260.9 trillion VND (11.5billion USD), with the central coastal provinces of Khanh Hoa, Binh Dinh and DaNang, the Central Highlands city of Da Lat and the northern province of QuangNinh leading the way.
From January to June, revenue from tourism services alsorecorded significant on-year growth of 19.5 percent to 19.6 trillion VND (860million USD) thanks to a rising numbers of local tourists and those travelingabroad.
Vietnam’s visa exemption policy for several Western Europeancountries and the country’s domestic and overseas tourism promotion campaignshad also prompted tourism service revenue to grow, the GSO said, outlining someprovinces and cities that recorded encouraging growth, such as Ca Mau (29 percent),HCM City (24.3 percent), Quang Ninh (18 percent) and Hanoi (14 percent).
Sales of other services during the six months hit 243trillion VND (over 11 billion USD), a jump of 7.3 percent compared to a yearago.- VNS/VNA
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.
Domestic trade and services have played an important role in meeting people’s consumption demand and contributing to the economy’s growth in recent years, an official of the Ministry of Industry and Trade (MoIT) has said.
Ho Chi Minh City’s revenue from goods retail sales in the first half of this year is estimated at more than 328.58 trillion VND (14.47 billion USD), accounting for 65.3 percent of the city’s total earnings from retail sales and services and up 12.9 percent from the same time last year.
The domestic market remained stable in May with total revenue from goods retail sales and services exceeding 354 trillion VND (15.6 billion USD), up 1.5 percent against the previous month and 10.4 percent year-on-year.
The Vietnam E-commerce Association (VECOM) and the Bangkok-based Reed Tradex Co. Ltd, an exhibition organiser, have agreed to cooperate in promoting specialised workshops and events to introduce technological solutions and platforms for Vietnam’s retail and consumer sector.
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.
Local people shop for vegetables (Photo: VNA) 
