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Hanoi costliest place in Vietnam in 2020

Hanoi costliest place in Vietnam in 2020

Monday, April 05, 2021, 17:47 GMT+7
Hanoi costliest place in Vietnam in 2020
A street in Hanoi is pictured on January 1, 2021. Photo: Pham Tuan / Tuoi Tre

Hanoi is currently the most expensive locality in Vietnam, followed by Ho Chi Minh City, while the Mekong Delta province of Hau Giang is the most affordable locale, according to the General Statistics Office (GSO).

The GSO has recently announced the Spatial Cost of Living Index (SCOLI) of 63 Vietnamese provinces and cities in 2020.

The SCOLI is calculated based on the prices of food and catering services; beverages and tobacco; apparel, hats and footwear; housing, electricity, water, fuel, and construction materials; household appliances; medicine and medical services; traffic; post and telecommunications; education; entertainment and tourism; and other goods and services.

Hanoi was the costliest place in Vietnam in 2020. The capital has topped the list for two consecutive years.

Ho Chi Minh City was the most expensive locality in 2018, but it fell to second place in 2019 and 2020.

In the latest ranking, Hanoi was given the SCOLI score of 100 percent as it ranked first.

Ho Chi Minh City ranked second with 99.05 percent, followed by northern Hai Phong City with 97.38 percent, central Da Nang City with 97.11 percent, and northern Lao Cai Province with 96.25 percent.

However, the prices of some services and goods in Ho Chi Minh City were higher than Hanoi, namely tuition at private and vocational schools; garments, hats, and footwear; and housing, electricity, water, fuel, and building materials.

Hau Giang Province in the Mekong Delta was the cheapest place to live in in 2020, scoring 89.68 percent.

Other affordable localities were the Mekong Delta province of Soc Trang (90.39 percent), the Mekong Delta province of Tra Vinh (90.75 percent), northern Ha Nam Province (90.86 percent), and the Mekong Delta province of Dong Thap (90.87 percent).

According to the GSO, costly localities in the country saw a sharp increase in entertainment, tourism, and housing prices last year.

Meanwhile, in affordable localities, prices of catering services; apparel, hats, and footwear; housing and household appliances; traffic; post and telecommunications; education; and entertainment services were quite low.

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