Hanoi (VNA) - Viet🦄nam advanced in꧒ the latest consumer confidence ranking by global information and measurement company Nielsen.
The firm said in an online report released on February 17 that Vietnam's consumer confidence index reached 108 points in Q4/2015, up three points over Q3/2015.
This helped the country rank sixth globally in terms of optimism in the fourth quarter, compared with its tenth position recorded in the third.
Nielsen Vietnam General Director Vaughan Ryan said that, with sharply rising consumer spending, retailer sentiment had clearly improved during the last Lunar New Year holidays – the busiest shopping season of the year.
The report said consumers were willing to spend big, although saving remained a growing trend in the context of rising living costs.
Sixty percent of Vietnamese people reduced spending on cooking gas, electricity and clothes, and about half of them cut expenses on entertainment and telephone communication in the past year.
Vietnamese people are more concerned about building a solid financial foundation for their future, just like those surveyed in other Southeast Asian nations.
Seventy-nine percent (up one percentage point quarter-on-quarter) of Vietnamese consumers affirmed this, followed by Indonesia (75 percent), the Philippines (65 percent), Singapore (64 percent), Malaysia (63 percent) and Thailand (60 percent).
However, 44 percent of Vietnamese consumers (up two percentage points) said they were willing to reserve money for travel and vacations, 38 percent (up two percentage points) were willing to buy new technological products, and 37 percent (up three percentage) were willing to use recreation services.
ANZ Bank also reported record high consumer confidence in Vietnam last December.
"Vietnam's economic outperformance from both an external and now a likely domestic perspective is confirmed," Glenn Maguire, the chief economist of the bank in South Asia, ASEAN and the Pacific said.
"Our final reading of the Vietnam consumer confidence index leaves us in no doubt that the country will be one of Asia's outperforming economies in the period 2016 to 2017," he said.
The Nielsen report also pointed out that Southeast Asian nations were the most optimistic in the world. The Philippines ranked second globally with the consumer confidence index reaching 117 points in the last quarter, while Indonesia ranked third at 115 points, and Thailand ranked fourth at 114 points.-VNA
Premium packaging plays a crucial role during the run-up to the Tet (Lunar New Year) period, according to a Consumer Study report on Tet 2015 from market research firm Nielsen Vietnam.
Final consumption expenditure in Vietnam was estimated at 70 percent last year by the World Bank, making the country among Asia’s top 5 retail markets.
Vietnam's economy this year bounced back and exceeded expectations with the GDP growth rate reaching an estimated 6.7 percent - the highest rate in five years.
Vietnam's retail sales of goods and services rose 9.5 percent this year, the largest increase since 2011, as low inflation and strong economic growth bolstered consumer confidence.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Consumers shop at a supermarket (Photo: VNA)
