Food and beverage service costs in Vietnam increased by 0.43 percent in February, contributing 0.14 percentage points to the Vietnam’s Consumer Price Index. The rise was driven by higher prices for prepared food and dining services, while raw food prices declined, according a press release from the General Office of Statistics (GSO).
Food prices increased by 0.41 percent, adding 0.09 percentage points to overall CPI growth. Eating out at home saw a notable rise of 0.75 percent, contributing 0.06 percentage points to CPI. However, the food group alone experienced a 0.24 percent decline, offsetting some of the overall category’s gains, the GSO goes on to say.
In general, food prices in Vietnam vary depending on factors such as location, seasonality, and market conditions. The cost of staple foods, fresh produce, and meats remains relatively affordable compared to many other countries, though prices have fluctuated due to inflation, supply chain disruptions, and changing consumer demand.
Rice, the main staple in Vietnamese diets, is widely available at stable prices, with variations depending on quality and region. Fresh vegetables and fruits are generally affordable, with prices influenced by seasonal supply. Common produce such as leafy greens, tomatoes, and cucumbers are inexpensive, while imported fruits and specialty items tend to be more expensive.
Meat and seafood prices have experienced fluctuations, particularly pork, which is a dietary staple. The cost of pork has been affected by factors such as disease outbreaks and feed prices, while chicken and beef prices vary based on supply and demand. Seafood, particularly fish and shrimp, remains accessible due to Vietnam’s strong aquaculture industry.
Packaged and processed foods, including dairy products, instant noodles, and snacks, have seen gradual price increases, influenced by production costs and imported ingredients. Cooking essentials such as cooking oil, sugar, and condiments have also been affected by global price trends.
That said, food prices in Vietnam remain relatively affordable, though some categories experience periodic increases due to economic and market factors. The government continues to monitor inflation and implement measures to stabilize essential food prices for consumers.
See also: Food and Beverage Industry in Vietnam