Society

Hanoi continues to lead localities nationwide in living cost

Hanoi was the most expensive place to live in Vietnam for the third consecutive years in 2023, according to the 2023 Spatial Cost of Living Index (SCOLI) report released by the General Statistics Office (GSO) on March 29.
Hanoi continues to lead localities nationwide in living cost ảnh 1Hanoi has been the most expensive place to live in Vietnam for the third consecutive years (Photo: VNA)
Hanoi (VNA) – Hanoi was the most expensive place to live in Vietnam for the third consecutive years in 2023, according to the 2023 Spatial Cost of Living Index (SCOLI) report releasedby the General Statistics Office (GSO) on March 29.

Hanoi was followed by Ho Chi Minh City, Quang Ninh, HaiPhong and Binh Duong, while top five localities with the lowest cost of livingwere Ben Tre, Nam Dinh, Quang Tri, Soc Trang and Gia Lai.

Nguyen Thu Oanh, Director of the GSO’s Price StatisticsDepartment, the southern economic hub of Ho Chi Minh City had lower consumerprices of essential commodities than Hanoi, although that of some products andservices such as education services, beverage and cigarettes was lower.

Meanwhile, Ben Tre recorded the lowest SCOLI last year whichwas equal to 85.93% of Hanoi’s index. The average price of product groups inBen Tre compared to Hanoi ranged from 72.02%-101.22%.

According to Oanh, Ben Tre has favourable natural andgeographical conditions, which enable the province to increasingly developagriculture and livestock, meeting local people's needs for essential goods.

The official said that the SCOLI in 2023 of socio-economicregions saw minor changes compared to that of 2022.

She attributed the increasingly equal cost of living inregions to the increasing online shopping trend and expanding delivery services,allowing consumers to compare prices of commodities in the market, and theprices of goods become more open and transparent.

The SCOLI is a relative indicator that reflects thedifference in consumer goods and service prices among localities and regions ina certain period. The index can be used as a reference for socioeconomicdevelopment policies to evaluate the results of poverty reduction and supportpolicies. It is also the basis for calculating the Human Development Index(HDI) and Gross Regional Domestic Product (GRDP) according to purchasing powerparity.

Businesses can use the index to assess competitiveness interms of prices, market share and product costs. In contrast, labourers can useit to negotiate wages and consider the possibility of migration betweendifferent regions./.
VNA
#Spatial Cost of Living Index (SCOLI) #General Statistics Office (GSO) #Hanoi #HDI #Vietnam #Vietnam news #Vietnam News Agency Ha Noi
Follow VietnamPlus

Related News

Hanoi named most expensive city in Vietnam last year

Hanoi named most expensive city in Vietnam last year

A recent report on the Cost of Living Index, published by the General Statistics Office, has revealed that Hanoi, the capital city of Vietnam, was the most expensive place to reside in the country in 2022.

See more

The particularly serious coach accident, which occurrs at 00:20 in Chuong Duong commune on the Phap Van–Cau Gie–Cao Bo–Mai Son–National Highway 45–Nghi Son route. (Photo published by VNA)

PM orders urgent probe into deadly coach overturn on Hanoi expressway

An official dispatch, issued following the particularly serious coach accident, which occurred at 00:20 a.m. in Chuong Duong Commune on the Phap Van–Cau Gie–Cao Bo–Mai Son–National Highway 45–Nghi Son route, was sent to the ministers of Public Security and Construction, as well as the chairpersons of provincial and municipal People's Committees.

The story of Elza Le Floch, Celeste Perotteau-Giraud, and Wyatt Lelouche is published in the Nice Matin newspaper (Photo published by VNA)

Three young French volunteers embark on humanitarian journey to Vietnam

While many French students have just completed their secondary school examinations and are preparing for their summer break, Elza Le Floch, Celeste Perotteau-Giraud and Wyatt Lelouche have embarked on a different journey. On July 15, the three members of the Scouts and Guides of France group in Menton left Nice for Xuyen Moc in Ho Chi Minh City.

At a classroom for hearing-and-speech impaired children in Bac Ninh province. (Photo: VNA)

Legal assistance project nears finish line with 95% of goals met

Legal support policies only matter when citizens know they exist, can tap into them, and receive quality service. That’s especially true for the poor, the disabled, ethnic minorities, children, domestic violence victims, and those battered by disasters and disease outbreaks.

Efforts to safeguard religious values in digital age

Efforts to safeguard religious values in digital age

Digital transformation is changing not only how people work and communicate but also how they practice their faith. A Buddhist sermon can now attract tens of thousands of online viewers. A Protestant believer in a remote area can join a Bible study class via smartphone. Religious activities once closely tied to places of worship are increasingly taking place in cyberspace.

Delegates tour the facilities of the industrial innovation centre at Eastern International University in Binh Duong ward, Ho Chi Minh City (Photo: VNA)

Digital, AI competencies made mandatory for university graduates

Under Circular No. 54/2026/TT-BGDDT on higher education curricula, learning outcomes must be defined as measurable and assessable competencies, providing the basis for curriculum design, teaching, assessment, quality improvement, credit recognition and degree awarding.

Nguyen Thuy Hang, Director of the Writers Association Publishing House, is questioned at the security agency for investigation under the Hanoi Department of Public Security. (Photo published by VNA)

Publishers detained over alleged anti-State propanganda

The move was made as part of an expanded investigation into a criminal case involving Nguyen Thanh Nam, who is accused of “making, storing, distributing or spreading information, documents and items aimed at sabotaging the State of the Socialist Republic of Vietnam.”

Fishing boats at Quy Nhon Port of Gia Lai province (Photo: VNA)

Gia Lai digitises fishing fleet to strengthen fight against IUU fishing

Under Directive No. 16/CT-UBND, recently issued by the provincial People's Committee, combating IUU fishing has been identified as an urgent political priority requiring concentrated resources to address shortcomings in fishing fleet management, while holding agency heads and local leaders accountable for the results achieved.

The General Association of Vietnamese People in Laos, in coordination with Bang Long Pagoda, organises the “Mid-Autumn Festival Night” programme to celebrate the Mid-Autumn Festival. (Photo: VNA)

Vietnamese community organisation network completed across Laos

The official establishment of the Vietnamese Community Management Committee and the Vietnamese Association in Vientiane province on July 14 has completed the organisational network serving the Vietnamese community in all 18 provinces and centrally administered cities of Laos.

Party General Secretary and State President To Lam (centre, standing, first row) poses for a group photo with staff and invalids and sick soldiers at the Thuan Thanh Invalids Nursing Centre. (Photo: VNA)

Top leader calls for better care for invalids, revolutionary contributors

Party General Secretary and State President To Lam on July 15 affirmed that caring for revolutionary contributors is both a political responsibility and a moral obligation, calling for more comprehensive and timely policies to ensure that those who sacrificed for the nation receive the care and respect they deserve.