Vietnam's retail sales of goods, services up 9.9% in Q1

Vietnam's total retail sales of goods and consumer service revenue in the first quarter of 2025 were estimated at VND1.7 quadrillion ($65.5 billion), up 9.9% year-on-year, according to the General Statistics Office (GSO).

Of the figure, retail sales of goods reached VND 1.3 trillion, accounting for 76.8% of the total, and up 8.8% from the same period last year.

Revenue from accommodation and food services rose by 14% year-on-year to VND200.1 trillion, while that from tourism and travel services increased by 18.3% to VND21.5 trillion, making up 11.7% and 1.3% of the total, respectively.

Meanwhile, revenue from other services was estimated at VND175 trillion, up 12.5% year-on-year, marking 10.2% of the total.

In March alone, total retail sales of goods and consumer service revenue surged by 10.8% compared to the same period last year, driven by the increasing demand for national holidays, and the growing number of foreign visitors to Vietnam, the GSO reported.

In the month, the retail sales of cultural and educational goods rose by 9.9%; food and foodstuffs by 9.6%; household appliances and tools by 8.1%; and garments by 5.7%.

Revenue from accommodation and catering, and travel and tourism services surged by 16.4%, and 25.1%, respectively.