Topic: consumer goods

"Never before have Korean products been so widely available and popular in Vietnam as they are now."

Tourism and travel services jumped 47.6% compared to January-October 2022.

GSO points to increasing demand for essential goods for healthy year-on-year rise.

The CPI in August increased just 0.005 per cent over July, 3.6 per cent compared to December 2021, and 2.89 per cent year-on-year. According to the General Statistics Office, increases are due to rising prices for essential consumer goods and services. Domestic gasoline prices have, however, been cut since July.

According to the Ministry of Finance, ten out of eleven groups of main consumer goods and services saw prices increase July and this will maintain pressure on inflation control over the remainder of the year. Some factors, however, ease that pressure, such as the supply of consumer goods being abundant along with ongoing and planned fiscal policies.

Total retail sales of consumer goods and services in June reached nearly VND472 trillion ($20.26 billion), up 1.4 per cent against May and 27.3 per cent year-on-year. In the first half, total retail sales stood at VND2,717 trillion ($116.64 billion), up 11.7 per cent year-on-year.

The CPI increased 0.69 per cent in June over May and 3.37 per cent year-on-year. Continuous increases in gasoline prices and the resulting rise in the price of essential goods and services were the main reasons behind the increase.