Vietnam Retail Sales YoY YTD
Output & Demand · Monthly series · VNRSYY
Latest, October 2026
12.7%
+0.22pp from September 2026
Forecast
Forecast for October 2027: 11.8%, with an 80% interval of 6.4% to 17.2%.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 12.8% | 12.6% | 12.9% |
| December 2026 | 12.9% | 12.6% | 13.2% |
| January 2027 | 12.9% | 10.2% | 15.6% |
| February 2027 | 12.9% | 10.0% | 15.7% |
| March 2027 | 12.7% | 10.1% | 15.1% |
| April 2027 | 12.4% | 9.2% | 15.5% |
| May 2027 | 12.2% | 8.6% | 15.7% |
| June 2027 | 12.1% | 8.6% | 15.3% |
| July 2027 | 12.0% | 8.2% | 15.5% |
| August 2027 | 11.9% | 7.5% | 16.1% |
| September 2027 | 11.8% | 7.0% | 16.5% |
| October 2027 | 11.8% | 6.4% | 17.2% |
AI confidence
Mixed evidenceThe tests show no consistent, material advantage over the no-change baseline.
Model: TiRex + Toto ensemble (foundation models)
- Error vs baseline
- 11% lowerError ratio 0.89; 1.00 is a tie.
- Tests won
- 6 / 12Complete rolling backtests; ties count as no win.
- Test period
- 2014-11-01 to 2026-10-0112 observations ahead per test.
- 80% band coverage
- 79%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-03 against the cached history through 2026-10-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Commentary
Retail sales YoY YTD forecast slows to 11.79% by Oct 2027, down from a 12.91% peak in Dec 2026.
Trajectory: rose from 10.76% (May) to 12.68% (Oct) and peaks at 12.91% (Dec), driven by export electronics and strong FDI.
Trajectory: forecast then slides to 11.79% (Oct 2027), reflecting cooling external demand and slower manufacturing orders from US/China.
Trajectory: near-term support 12.77–12.91% (Nov–Dec) aided by tourism rebound and domestic credit growth after policy easing.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 12.7% |
| September 2026 | 12.5% |
| August 2026 | 12.2% |
| July 2026 | 11.9% |
| June 2026 | 11.4% |
| May 2026 | 10.8% |
| April 2026 | 10.5% |
| March 2026 | 10.0% |
| February 2026 | 8.9% |
| January 2026 | 9.3% |
| December 2025 | 9.5% |
| November 2025 | 9.5% |
| October 2025 | 9.8% |
| September 2025 | 10.0% |
| August 2025 | 9.9% |
| July 2025 | 9.8% |
| June 2025 | 9.9% |
| May 2025 | 10.2% |
| April 2025 | 10.2% |
| March 2025 | 9.9% |
| February 2025 | 9.4% |
| January 2025 | 9.5% |
| December 2024 | 8.6% |
| November 2024 | 8.6% |
Source
Data: ECONOMICS feed via TradingView.
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