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Vietnamese consumers top Asia confidence index
Vietnam consumers are more optimistic about economic growth and new jobs next year than their counterparts in other fast-growing emerging economies in Asia, according to a survey by TNS Vietnam.
The market information company’s TNS AP Temperature found 48 percent of 500 respondents saying the economic and employment situation in Vietnam is positive, a higher proportion than in China, India, and Indonesia.
Asked about Vietnam's prospects next year, 68 percent of respondents were hopeful the economic situation will be better, while 69 percent expected new jobs to be created. These rates are also higher than in the three countries.
Ho Chi Minh City’s efforts to achieve 12 percent growth in 2011 is a good sign for consumer confidence in the growth prospects of Vietnam since this city is a spearhead of the economy, Ralf Matthaes, managing director of TNS Vietnam, said.
The per capita GDP of the city is expected to stand at US$4,800 by the end of 2015 compared to over $2,800 estimated for this year.
In the last two years Vietnamese consumers have been more cautious with their spending, tending to buy reasonably-priced rather than expensive products.
According to TNS Vietnam, Vietnamese consumers will spend more in 2011, especially on expensive products, but will remain careful when making buying decisions.
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