Hanoi’s retail and consumer services revenue nears US$5.9 billion in first two months

VNS| 06/03/2025 13:03

The total retail sales of goods and consumer service revenue in Hanoi reached VND150.1 trillion (approximately US$5.87 billion) in the first two months of 2025, marking an 11.8% increase compared to the same period last year, according to the Hanoi Statistics Office.

Retail sales of goods accounted for VND96.9 trillion, representing 64.6% of the total and growing by 11.4% year-on-year.

The strongest growth was recorded in the sales of jewellery and precious metals, which surged by 15.9%, followed by cultural and educational products (up 14.8%) and transportation equipment (up 14.4%).

Fuel sales increased by 13.3%, while food and foodstuffs rose by 12.6%. Additionally, car sales and apparel both increased by 12.5%, construction materials grew by 11.3%, and other goods saw an 8.8% rise.

Revenue from accommodation and food services reached VND19.2 trillion, accounting for 12.8% of the total and growing by 15%. Within this segment, accommodation services rose by 18.4%, while food and beverage services increased by 14.6%.

Meanwhile, revenue from travel and tourism services reached VND4.6 trillion, making up 3% of total revenue and recording a 12.2% increase. Other service sectors contributed VND29.4 trillion, accounting for 19.6% of the total and expanding by 11.1%.

According to the Hanoi Statistics Office, February 2025 coincided with the post-Tet holiday and Spring Festival period, leading to increased consumer demand. However, supply and demand remained stable across traditional markets, supermarket chains and shopping centres.

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