Vietnam’s retail sector started 2026 with a slight moderation in momentum, as year-over-year retail sales growth eased to 9.3% in January 2026, down from 9.8% in December 2025. The data, updated on 06 February 2026, reflect a comparison of January’s performance against the same month a year earlier.
The latest reading indicates that while consumer spending remains robust, the pace of expansion has cooled marginally compared with the previous month’s year-over-year gain. Both the current and previous figures are measured on a year-over-year basis, with December 2025’s 9.8% showing growth versus December 2024, and January 2026’s 9.3% capturing the change against January 2025.
The slight deceleration suggests that Vietnam’s retail market is still expanding at a healthy clip, but with some easing in the rate of growth as the new year begins. Investors and analysts will be watching upcoming monthly data to see whether this marks the beginning of a softer trend or a brief pause after strong year-end spending.
