VN’s consumer confidence index ranks second in the world
14:38 | 20/12/2018

VGP – Thanks to positive outlook in employment and personal finances, Viet Nam had the world’s second highest score in the consumer confidence index in the third quarter of 2018, according to the latest data of the Conference Board Global Consumer Confidence Survey and Nielsen announced on December 18. 

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The country’s index jumped nine points in comparison with that of Q2, 2019, at 129 points, thanks to the growth in confidence in employment prospects and personal finances, and is also the highest in a decade.  

Vietnamese consumers continue to be optimistic about their personal finances, with 82% responding that their personal finances are good or excellent over the next 12 months (up 6% as compared to second quarter of 2018).

Meanwhile, they are ready to spend with 63% of consumers certainly saying that the next 12 months is a good time for them to buy things they want (up 8% from the previous quarter).

Stable job and good health continue to be top concerns among Vietnamese consumers during July-September. Meanwhile, 27% of respondents said that the national economy is their third concern. The following concerns are work/life balance, parents’ welfare, and increasing utility bills.

Viet Nam and Malaysia surpassed Indonesia and the Philippines to become among the top three most confident countries globally. At the same time, Malaysia and Thailand are the two countries with the highest growth rate, up 10 percentage points./.  

By Kim Loan 

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