The cost of other goods and services in Vietnam increased by 0.18 percent in February, driven by rising prices in personal care and luxury items, according to Vietnam’s Consumer Price Index.
Jewelry prices saw the highest increase, rising by 4.32 percent, while wedding services increased by 0.31 percent. Electric appliances for personal care rose by 0.25 percent, personal care services by 0.2 percent, and wristwatches by 0.18 percent.
On the other hand, hair-cutting and shampooing services declined by 0.28 percent, and administrative and legal services fell by 0.19 percent, partially offsetting the overall increase in this category.
Service prices in Vietnam vary widely depending on the type of service, location, and quality. In general, services remain affordable compared to many Western countries, though prices have gradually increased due to rising wages, inflation, and demand for higher-quality services.
Basic personal services such as haircuts, laundry, and household cleaning are relatively inexpensive. A standard haircut at a local barbershop or salon costs significantly less than in developed countries, while full-service grooming options in high-end salons are more expensive. Laundry services, commonly used by both locals and expatriates, are affordable, with prices varying based on weight and type of clothing.
Dining and hospitality services also vary by establishment. Street food and local restaurants offer meals at very low prices, while mid-range and fine-dining restaurants in major cities charge significantly more. Hotel prices depend on location and rating, with budget accommodations available at low costs, while international hotel chains and luxury resorts charge premium rates.
Transportation services, including taxis, ride-hailing, and public transport, are affordable. Motorbike taxis and local buses are the cheapest options, while private car hires and premium ride-hailing services cost more. Intercity transport, including trains and domestic flights, remains competitively priced, with budget airlines offering low-cost options.
Healthcare services, such as medical consultations and dental care, are relatively inexpensive in public hospitals, but private hospitals and specialized clinics charge higher fees. Spa and wellness services, including massages and beauty treatments, are widely available at a range of prices depending on the quality of the facility.
In conclusion, service prices in Vietnam remain competitive, offering both budget and premium options across various industries. While costs are generally low, prices have been rising in response to economic growth, increased demand, and improvements in service quality.
See also: How to Start a Business in Vietnam