Retail sales and consumer service revenue in May 2025 reached an estimated 574.9 trillion VND at current prices, up 0.4% from the previous month and up 10.2% from the previous year. Notably, revenue from food and foodstuffs increased by 11.3% year-on-year, while cultural and educational items rose by 7.9%. Home appliances and equipment saw a 7.5% increase, followed by a 3.7% rise in clothing sales. The hospitality and catering services witnessed a significant surge of 19.1%, and travel services soared by 35.0% as many localities actively implemented tourism stimulus programs.
Retail sales and consumer service revenue at current prices. Source: Statistics Office
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Cumulative retail sales and consumer service revenue for the first five months of 2025 stood at an estimated 2,851.4 trillion VND at current prices, marking a 9.7% increase compared to the same period last year (an 8.8% increase in 2024). Excluding price factors, the growth rate was 7.4% (5.4% in 2024).
Retail sales and consumer service revenue at current prices for the first five months of the 2021-2025 period. Source: Statistics Office
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Retail sales in the first five months of 2025 were estimated at 2,182.3 trillion VND, accounting for 76.5% of the total and representing an 8.2% increase year-on-year. Cultural and educational items led the growth with an 11.1% increase, followed by food and foodstuffs (9.8%), clothing (6.3%), and home appliances and equipment (5.8%). Some localities with notable year-on-year increases in retail sales during this period include Ho Chi Minh City (8.6%), Hai Phong (8.4%), Can Tho (7.7%), Hanoi (7.5%), and Da Nang (7.4%).
Hospitality and catering services revenue for the first five months reached an estimated 340.3 trillion VND, accounting for 11.9% of the total and reflecting a 15.2% increase compared to the same period last year. Ho Chi Minh City led the growth with an 18.3% increase, followed by Da Nang (18.0%), Quang Ninh (16.8%), Hai Phong (14.0%), Hanoi (12.8%), and Can Tho (9.4%).
Travel service revenue for the first five months was estimated at 38.4 trillion VND, contributing 1.4% to the total and increasing by 24.7% year-on-year. Ho Chi Minh City (30.4%), Dong Nai (29.1%), Lao Cai (24.4%), Hanoi (22.0%), and Da Nang (19.9%) were among the localities with significant year-on-year increases in travel service revenue.
Other service revenue for the first five months was estimated at 290.4 trillion VND, making up 10.2% of the total and increasing by 12.9% compared to the previous year. Can Tho (17.6%), Ho Chi Minh City (15.1%), Ha Tinh (13.3%), Khanh Hoa (12.1%), Tay Ninh (10.7%), Hanoi (9.2%), and Hai Phong (7.0%) were among the localities with notable year-on-year increases in other service revenue.
– 10:45 06/06/2025
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