Vietnam's consumer confidence index reached 107 points in Quarter II (Photo: VNA)
Hanoi (VNA) 🐬– Vietnam’s consumer confidence index in Quarter II dropped by 2 points from the previous quarter to 107 points, according to the latest Consumer Confidence Index released recently by Nielsen Vietnam, a leading market research company.
Despite the fall, Vietnamese consumer confidence is still at a high level, with the country the 7th most optimistic across the world, Nielsen stated.
The Vietnamese remain optimistic about the local economy in comparison to other nations, Nguyen Huong Quynh, Managing Director of Nielsen Vietnam said, with the continued growth of the middle class and the Government’s stable economic outlook contributing to the confidence.
“Vietnamese consumers pay close attention to what is happening, being easily influenced by word of mouth, social media, etc. This means manufacturers and retailers have to move fast to foresee and address concerns,” Quynh added.
The report also revealed that Southeast Asian consumers are still among the most confident worldwide at 113 points.
The Philippines hit a new record in Quarter II with 132 points, surpassing India with 119 points. Confidence in Thailand edged down 4 points from the previous quarter to 101 points while that of Malaysia inched up 6 points to 87. Singapore remained stable at 88 points.
Consumers in the region are the world’s most avid savers, with 68 percent of those interviewed putting their spare cash into savings. In Vietnam, 76 percent consumers save some of their income, followed by Indonesia (70 percent), the Philippines (65 percent), Malaysia and Singapore (63 percent) and Thailand (62 percent).
However, after covering essential living expenses, consumers in Vietnam were also willing spend their savings on big items such as holidays and vacations (41 percent, up 5 percent from last quarter), new clothes (38 percent) and out of home entertainment activities (37 percent).-VNA
Vietnamese shares on November 25 rose slightly on both local exchanges as retailers made gains after the latest statistics from ANZ bank showed growing consumer confidence.
Vietnam is the second-most optimistic country in consumer confidence in the Asia-Pacific, following Myanmar, as per the MasterCard Index of Consumer Confidence.
Vietnam’s Consumer Confidence Index (CCI) was 91 points in the second quarter of this year, six point higher than the same period last year, according to a Vietnam Taylor Nelson Sofres Company survey.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnam's consumer confidence index reached 107 points in Quarter II (Photo: VNA)
