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Ho Chi Minh City
Thursday, July 25, 2024

HCMC’s Jan-June tourism revenue surges

The Saigon Times

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HCMC – HCMC has generated over VND4,800 billion from tourism services in the first six months of this year, rising a staggering 78.5% year-on-year, according to the municipal Statistical Office.

In the January-June period, the city’s overall revenue from retail sales of goods and services reached over VND561,734 billion, a year-on-year rise of 7.1%.

The tourism sector played a major role in this growth, contributing VND4,827 billion to the overall revenue, a year-on-year uptick of 78.5%. This surge can be attributed to the high demand for travel during the summer vacation period.

Accommodation and catering services revenue reached VND51,073 billion, rising 36.2% year-on-year.

In terms of the consumer price index (CPI) in June, HCMC witnessed a slight month-on-month increase of 0.17%.

Among the basket of items used to calculate the CPI, eight out of 11 products saw price increases. The consumer goods and catering services groups experienced the highest rise of 0.51%, trailed by drinks and cigarettes with 0.31%. The apparel sector also saw a slight increase of 0.18% due to adjusted prices of input materials.

Overall, the city’s average CPI for the first six months of the year grew by 3.73% over the same period last year, except for the traffic and telecommunications service.

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