HÀ NỘI — The retail sector is expected to maintain growth in the remaining months of 2023, because most retail businesses have appropriate solutions to increase purchasing power. According to retailers, Việt Nam's economy is forecast to maintain growth in 2023, but it still faces many difficulties. Especially, competition in the retail market is predicted to be more intense with the participation of new retailers and operation expansion of existing domestic and international retailers. But the increase in goods prices will cause difficulties for the domestic market, according to Phú. Goods retail sales were estimated at about VNĐ2.78 quadrillion during the period, accounting for 78.7 per cent of the total and rising 9 per cent from a year earlier.
