VN consumer confidence falls
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Vietnam's consumer confidence index dipped 8 points to 87 in the third quarter of this year, marking the lowest confidence level since the first quarter of 2009, according to the latest findings from Nielsen, a global market research company.
According to the survey, conducted between August 10 and September 7, at least 73 per cent of Vietnamese said this was not a good time to make purchases.
Vietnam, Hong Kong, Taiwan, South Korea and Japan were also the bottom-five countries and territories that were the least optimistic about local job prospects. About 91 per cent of Vietnamese respondents reported a change in their spending in order to save on household expenses. This rose from 86 per cent in the second quarter and 84 per cent in the first quarter. As for the items that were cut back the most, 68 per cent of Vietnamese consumers pointed to gas and electricity, followed by new clothes (67 per cent), out-of-home entertainment (66 per cent) and telephone expenses (55 per cent).
