Hanoi's CPI in H1 rises by over 5 per cent

Education in particular has seen a significant rise of over 31.5 per cent due to public schools in Hanoi implementing tuition fees according to Resolution No.03/2023/NQ-HDND. Additionally, some private and semi-private schools are also increasing tuition fees for the 2023-2024 academic year.

The housing category, which includes electricity, water, fuel, and construction materials, saw an increase of a little over 6 per cent with medicine and healthcare services witnessing a 3.66 per cent rise.

Food and dining services saw a 3.3 per cent bump, while beverages and tobacco experienced a more than 2.6 per cent increase.

Transportation costs increased by almost 2.7 per cent, while the clothing and footwear rose by almost 2 per cent.

The cultural, entertainment, and tourism category, along with the household equipment and supplies category, both saw increases of under 1 per cent.

The other goods and services category has witnessed a significant increase of 7.04 per cent, primarily driven by the rise in prices of jewellery and healthcare insurance services. Meanwhile, the postal and telecommunications category has decreased by 1.4 per cent.

In June, the CPI in the city increased by 0.07 per cent compared to the previous month, rose by 0.66 per cent compared to December 2023, and increased by 5.39 per cent compared to the same period in 2023.

During the same period, the gold price index in Hanoi decreased by 0.54 per cent compared to the previous month, increased by 21.53 per cent compared to December 2023, and rose by 33.71 per cent compared to the same period. The USD exchange rate index increased by 0.03 per cent compared to the previous month, rose by 4.22 per cent compared to December 2023, and increased by 7.58 per cent compared to the same period last year.

During the first six months, the average gold price index increased by 26.3 per cent, while the average USD exchange rate index rose by 5.5 per cent, compared to the average for the first 6 months of 2023.

According to the Statistical Office, Hanoi’s total retail sales of goods and consumer services revenue for the second quarter of 2024 reached $8.7 billion, showing an increase of 4.6 per cent compared to the previous quarter and a growth of 12.2 per cent compared to the same period in 2023.

During the first six months of the year, the total retail sales of goods and consumer service revenue reached $17 billion, showing a growth of 10.7 per cent compared to the same period in 2023.

Of which, the retail sales revenue of goods reached $10.87 billion, accounting for 63.9 per cent of the total, and showing a growth of 10.8 per cent compared to the same period last year.

FDI inflows rose by 13.1 per cent in H1 In the first half of the year, foreign direct investment (FDI) reported an increase of 13.1 per cent, while FDI disbursement also surged by 8.2 per cent on year.

Hanoi welcomes over 14 million visitors in H1 Hanoi welcomed 14.05 million visitors in the first half of this year, a 13.7 per cent increase compared to the same period in 2023, according to the city's Department of Tourism.

Hanoi commits to develop advanced e-government services Hanoi People's Committee held a conference on June 28 to review the implementation of a project aimed at building an e-government and smart city, and to launch new digital platforms.

The first Hanoi building office received WELL Precertification Office Tower @ Heritage West Lake, a luxury commercial development by CapitaLand Development- one of Asia’s top real estate developers, has achieved a significant milestone by becoming the first office building in Hanoi to receive the esteemed WELL Precertification.

Hanoi keeps hastening investment attraction, disbursement Hanoi recorded encouraging results in investment attraction and disbursement during the first half of 2024, and is poised to push ahead with this work in the coming time.

Hanoi to develop comprehensive and modern urban metro lines Hanoi plans to invest over $55 billion to build a synchronised and modern urban railway network.