Retailers ramp up inventories for upcoming New Year holidays despite cautious consumer spending
Consumers have been cautious with their spending since Typhoon Yagi in September and given the prevailing economic headwinds.
Topic: Retail sales
Retail sales of consumer goods, services up 8.5% in eight months
From January to August, the country welcomed over 11.4 million international visitors, a 45.8% rise compared to 2023
HCMC’s retail sales total $4.3bln in January
Tourism services grow strongly, at 57% year-on-year.
Retail sales of goods and services hit $259bln
2023 figure up 9.6% against 2022.
11M retail sales of goods and services up 9.6%
Total revenue estimated at $235 billion.
10M retail sales of goods and services up 9.4%
Tourism and travel services jumped 47.6% compared to January-October 2022.
Retail sale of goods and services up 10% in 8M
GSO points to increasing demand for essential goods for healthy year-on-year rise.
1H retail sales of goods and services at $127bln
Total value rises 10.9% year-on-year.
January retail sales and services turnover at $23.22bln
Figure up 20 per cent compared to January 2022.
Online sales to remain a retail trend
E-commerce will still be the main driver of the country’s digital economy in 2023.