Hanoi’s retail and consumer services revenue nears US$5.9 billion in first two months
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.
Retail sales of consumer goods, services up 9.5% in January
High consumption demand during the Lunar New Year holiday and the strong tourism recovery fuelled retail sales of consumer goods and services in January.
