Hanoi: Vietnam's total retail sales of goods and consumer service revenue in 2025 surpassed 7 quadrillion VND, equivalent to 262.7 billion USD, marking a 9.2% increase compared to 2024. This growth highlights the robust purchasing power within the country and emphasizes the significant contribution of domestic consumption as a key driver of economic growth.

According to Vietnam News Agency, the data from the National Statistics Office (NSO) illustrates the continuing positive trend in Vietnam's retail and service sectors. The increase in sales and revenue is indicative of a stable economic environment where consumer confidence remains strong. The NSO's report suggests that this upward trajectory in consumer spending is likely to persist, supporting the nation's broader economic objectives.

The surge in retail and service revenue is attributed to several factors, including increased consumer confidence, favorable economic policies, and a growing middle class with higher disposable incomes. As the demand for goods and services continues to rise, businesses are expected to expand their operations, potentially leading to further economic benefits such as job creation and increased investment in the sector.

The growth in Vietnam's retail sales and service revenue not only underscores the importance of domestic consumption but also reflects the overall health of the country's economy. As Vietnam continues to develop its infrastructure and invest in technology, the retail and service industries are poised to play a crucial role in sustaining economic growth in the coming years.