Its total retail sales of goods and consumer services reached an impressive VND 336.5 trillion (USD 14 billion), representing a 10% increase compared to the same period last year, said Director of the municipal Statistics Office Dau Ngoc Hung.

A corner of Hanoi

Breaking down the figure, retail sales of goods reached VND 215.8 trillion, accounting for 64.1% of the total and demonstrating a 10% year-on-year growth.

Revenue from hotels and restaurants reached VND 43 trillion, a 12.4% increase year-on-year, and constituting 12.8% of the total sales. That of travel and tourism services saw a remarkable surge of 48.9% to VND 10.6 trillion, making up 3.2% of the total. Other service sectors also reported positive revenue growth, with a 4.3% rise to VND 67.1 trillion, or 19.9% of the total.

The number of tourists visiting Hanoi in May was estimated at 547,000, reflecting a slight month-on-month decrease of 1% but 42.9% higher than the same period last year. The five-month figure reached 2.641 million, a robust 42.9% increase year-on-year. Notably, domestic tourism saw a 16.2% annual rise, with 724,000 visitors flocking to the capital city.

The city’s Consumer Price Index (CPI) in May went up 5.31% year-on-year, primarily driven by rising costs across nine out of 11 commodity groups. The most significant was observed in the education sector, with a rise of 32.87%.

The Hanoi leaders also identified tourism and farm produce with clear traceability as a key focus to cater to consumer demand in the coming months. This strategic focus is expected to solidify Hanoi's economic recovery and position it for continued growth.

Source: VNA