Viet Nam fourth most confident country

Viet Nam is the fourth most confident country in the world – up five places since March this year, the Nielsen Company’s global consumer confidence survey showed.

Consumer confidence in Viet Nam had increased for the first time after declining for six consecutive surveys since March, 2007.

Its confidence index jumped 24 points from 85 in April this year to 109 this month, in contrast to the world average which jumped 9 points over the same period to stand at 86.

Hong Kong was in the lead, up 14 points in the third quarter from 79 to 93 index points, followed by S Korea (+13 points) and Brazil (+12 points).

Only 69 per cent of Vietnamese surveyed said their nation was in a recession compared to 76 per cent in April. Fifty-five per cent said yes, the country would be out of the recession within the next 12 months, 22 per cent said no and 23 per cent did not know.

Complementing the jump in confidence, 54 per cent of Vietnamese believed job prospects would be good to excellent over the next 12 months. Sixty-six per cent also believed the state of their personal finances was good to excellent.

However, despite a relatively positive outlook on jobs and finances, 46 per cent stated the timing was "not so good" to buy the things they wanted and needed.

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