Vietnam consumer confidence level drops slightly in Q2: survey

Source: Xinhua| 2018-09-04 17:12:22|Editor: ZX
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HANOI, Sept. 4 (Xinhua) -- The Vietnam consumer confidence remained stable in the second quarter of this year with an index score of 120 percentage points, down 4 points against the previous quarter, showed a survey conducted in collaboration with global information and measurement firm Nielsen.

The downtrend was due to decreased positivity about job prospects and perception of time to buy, according to Nielsen Vietnam on Tuesday.

In the second quarter of this year, Vietnamese people continued to rank job security, health and work-life balance as their top three key concerns.

Despite the positive economic performance, recessionary sentiments among Vietnamese consumers continued to remain high as 48 percent of respondents said that the nation is still in recession time.

In the second quarter, Filipinos were the world's most avid savers, followed by Vietnamese and Singaporeans, according to the survey.

After covering essential living expenses, Vietnamese consumers were eager to spend on big-ticket items. Up to 49 percent of consumers were willing to spend on holidays, and 46 percent would like to spend their spare cash on new clothes and new technology products.