Total retail sales of goods and consumer service revenue in the first 7 months of 2025 increased by 9.3%

Revenue from food and foodstuffs in July increased by 9.9% over the same period last year; garments increased by 7.9%; household appliances, tools and equipment increased by 7.1%; accommodation and catering services increased by 16.3% and tourism and travel increased by 12.6%.

Total retail sales of goods and consumer services revenue in the first 7 months of 2025 at current prices reached VND 3,993.4 trillion, up 9.3% over the same period last year (the increase in the same period in 2024 was 8.9%); when excluding the price factor, the increase reached 7.1% (compared to 6.2% in 2024).

In 7 months, retail sales of goods were estimated at 3,049.6 trillion VND, accounting for 76.4% of the total and increasing by 7.8% over the same period; the group of food, foodstuffs and cultural and educational items increased by 9.4%; garments increased by 6.4%; household appliances, tools and equipment increased by 5.5%.

A series of localities recorded high increases in retail sales of goods compared to the same period, including: Da Nang increased by 9.1%; Hai Phong increased by 8.4%; Ho Chi Minh City increased by 8.2%; Hanoi increased by 8%; Can Tho increased by 7.8%.

According to the General Statistics Office, the number of international visitors to Vietnam has increased sharply thanks to the impact of favorable visa policies, tourism promotion and advertising campaigns, and events celebrating major holidays.

The number of international visitors in July reached 1.56 million, up 6.8% over the previous month and 35.7% over the same period last year; cumulatively for 7 months, it reached 12.23 million, up 22.5% over the same period.

Economists say that after the peak period of fighting smuggling, trade fraud and counterfeit goods, consumer habits have shifted from prioritizing quantity to quality, while the trend of moderating spending on goods is more obvious.

In contrast to the slowdown in goods consumption, service consumption tends to increase, especially during holidays and Tet when people are willing to spend money on travel.

Tourism revenue in the first 7 months reached 52.8 trillion VND, accounting for 1.3% of the total and increasing by 20% over the same period; some localities with outstanding growth include Dong Nai up 31.5%; Lao Cai up 28.4%; Ho Chi Minh City up 23.4%; Hue up 22.6%; Hanoi up 18.8%.

During the same period, revenue from accommodation and catering services was estimated at VND481.9 trillion, accounting for 12.1% of the total and increasing by 15% over the same period; localities with strong growth included Ho Chi Minh City up 19.7%; Da Nang up 18.6%; Can Tho up 14.8%; Hanoi up 12%; Hai Phong up 11%.

Other service revenue in the first 7 months reached VND409.1 trillion, equivalent to 10.2% of the total and 12.4% higher than the same period last year.

With the above results, Ms. Nguyen Thi Huong - Director of the General Statistics Office - expects that the trade and service sector will continue to maintain its recovery momentum in the last months of the year, based on favorable factors such as policies to support domestic consumption, stimulate tourism, control inflation and improve people's income.

The statistics agency also emphasized the need to closely monitor price fluctuations, input costs and consumer psychology to promptly adjust policies, ensure macroeconomic stability and maintain purchasing power.

Source: https://doanhnghiepvn.vn/kinh-te/tong-muc-ban-le-hang-hoa-doanh-thu-dich-vu-tieu-dung-7-thang-dau-nam-2025-tang-9-3/20250811115527136