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Household appliances and equipment prices in Vietnam rise in January

Household appliances and equipment prices in Vietnam increased by 0.31 percent in January, with household services seeing the largest rise at 1.73 percent, according to the Vietnam’s Consumer Price Index.

Among household items, blenders and juicers rose by 0.8 percent, glass, ceramic, and porcelain products by 0.66 percent, and plastic and rubber products by 0.62 percent. Electric lighting increased by 0.35 percent, while furniture such as beds, wardrobes, tables, and chairs saw a 0.29 percent rise.

Non-electric and gas stoves, as well as air conditioners, rose by 0.24 percent, metal products increased by 0.17 percent, and electrical appliances saw a modest 0.14 percent rise, reflecting steady demand for household goods.

The prices of household appliances and equipment in Vietnam can vary depending on the brand, quality, and place of purchase. In general, these products are relatively affordable compared to many other countries, with a broad range of options available to suit different budgets. The growing demand for modern appliances, fueled by increasing disposable incomes and a rising middle class, has led to a wide selection of both local and international brands in the market.

For major household appliances like refrigerators, washing machines, air conditioners, and microwaves, the prices can range significantly depending on the brand, size, and features. For example, a standard refrigerator might cost between VND 5,000,000 and VND 15,000,000 (about US$200 to US$600), while high-end models with more features or larger capacities can be priced higher. Washing machines generally cost between VND 3,000,000 and VND 10,000,000 (US$120 to US$400), with more affordable models typically offered by local brands and premium models being imported.

Air conditioners, which are commonly used in Vietnam due to the hot and humid climate, have a wide price range, typically between VND 6,000,000 and VND 20,000,000 (US$240 to US$800) for mid-range models. More advanced, energy-efficient models or those with additional features, such as inverter technology, can cost more.

Smaller household items, such as rice cookers, blenders, and electric kettles, are generally affordable. A rice cooker can cost between VND 500,000 and VND 2,000,000 (US$20 to US$80), depending on the brand and capacity. A basic blender or food processor is priced from VND 300,000 to VND 1,500,000 (US$12 to US$60), while electric kettles can range from VND 150,000 to VND 700,000 (US$6 to US$28).

Other household equipment such as vacuum cleaners, fans, and water purifiers are also widely available at various price points. Vacuum cleaners can range from VND 1,000,000 to VND 5,000,000 (US$40 to US$200), with international brands such as Dyson or LG commanding higher prices. Fans are a common household item, with prices ranging from VND 200,000 to VND 1,500,000 (US$8 to US$60), depending on the type (stand, ceiling, or table fans). Water purifiers, which have seen growing demand due to concerns over water quality, typically cost between VND 2,000,000 and VND 10,000,000 (US$80 to US$400), with higher-end models offering additional features like reverse osmosis filtration.

Vietnam has a mix of local and international brands in the appliance market. Local brands often offer more affordable options, while international brands such as Samsung, LG, Panasonic, and Sharp tend to be priced higher due to their premium quality and advanced technology. International brands are particularly popular among middle and upper-income consumers who seek more energy-efficient, durable, and feature-rich appliances.

Overall, the prices of household appliances and equipment in Vietnam remain competitive and relatively affordable, especially for local brands. The growing urban population and increasing demand for modern living standards are expected to continue driving the market for household appliances in the country.

See also: Consumer Goods in Vietnam