Da Nang has been named the fourth most expensive Vietnamese city for the second consecutive year in 2021 with 96.4 points, according to the Spatial Cost of Living Index (SCOLI) 2021 as recently compiled by the General Statistics Office (GSO).

Previously, Da Nang ranked third in SCOLI in 2018 and 2019.

The capital city of Ha Noi was the most expensive city nationwide in 2021

The second place in the index went to Quang Ninh #province in the north, while the third place belongs to the country's biggest metropolis Ho Chi Minh City.

Compared to 2020, the rankings of the most expensive localities in 2021 have not changed much. However, the provinces in the northern midlands and mountains have lower prices than in the past due to increasingly convenient transport.

Provinces and cities under the direct management of the Government are more expensive than provinces, mainly in terms of housing rental, services and tourism entertainment.

The SCOLI is based on surveys on the prices of the total 11 groups of essential commodities, namely food and catering services; beverages and tobacco; apparel, headwear and footwear; housing, electricity, water, fuel and construction materials; household appliances; medicine and medical services; transportation; post and telecommunications; education; entertainment, culture and tourism; other goods and services.

It aims to measure the relative costs of living in different regions and communities throughout the country.

Reporting by M.QUE – Translating by M.DUNG