Retail sales in Vietnam’s accommodation and food services sector saw a decrease in October, reflecting potential seasonal factors or changes in consumer spending habits, according to Vietnam’s Ministry of Industry and Trade data.
In September, sales in this sector were VND 62.45 trillion, equivalent to US$2.46 billion. By October, the figure had declined to VND 59.87 trillion, or US$2.36 billion, marking a month-on-month drop of 4.13 percent.
Year-to-date, retail sales for accommodation and food services totalled VND 535.54 trillion, or US$21 billion. Despite the cumulative performance, the decline in October suggests short-term challenges, possibly due to reduced tourism activities or shifting consumer priorities.
This dip highlights the fluctuating dynamics of the accommodation and food services market, which remains a vital component of Vietnam’s retail economy.
See also: Tourism Industry in Vietnam