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Consumer confidence index surges

Vietnam’s consumer confidence index hit 96 points in the first quarter of 2013, an 8 point rise from the previous quarter and 2 points higher than the same period last year.

Vietnam’s consumer confidence index hit 96 points in the first quarter of 2013, an 8 point rise from the previous quarter and 2 points higher than the same period last year. 
Consumer confidence index surges - 1
According to a market research company Nielsen report, a large number of Vietnamese consumers are optimistic about 2013’s first quarter job market.

The 39 percent positive outlook reading was higher than the 34% in the last quarter of 2012 but lower than both the 50% in 2012’s first quarter and the regional average of 61%.

Around one third (33%) of online customers said this December will be conducive to furniture purchase, up 4% on Q4, 2012 and 7% on Q1, 2012.

Other consumer demands also rose slightly compared to Q4, 2012, including house decorations (up 3%), technology products (1%), and clothes (3%). The number of people who plan to invest in securities jumped a significant 5%.

Saving remains the dominant Vietnamese consumer trend. As many as 71% of those surveyed reported planning monthly savings after essential expenses.

Vietnamese consumers were mostly concerned about economic performance, job security, health, the cost of living, and rising food prices.
Source: VNA
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