Vietnam consumer confidence dips slightly in Q2

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Consumer confidence in Vietnam has dipped one point to 95 this quarter, information and measurement company Nielsen said following a survey.

The number is lower than the Southeast Asian average of 105.

The US-based company said the country's benchmark is still "stable" after a sharp decrease of 6 points at the start of the year.

Forty-two percent of Vietnamese respondents said job prospects were good or excellent, unchanged from the previous quarter.

Forty-eight percent had a positive outlook on personal finance, down 6 percentage points and lower than the average of 61 percent for the region.

But the economy and job security were the biggest concerns for Vietnamese consumers, followed by price increases in key items like power and gasoline.

The economy grew by 4.9 percent in the first half and the government targets 5.5 percent growth for the whole year.


Consumer prices have risen 2.68 percent this year.

The survey found that some of Vietnam's neighboring countries have the world's most confident consumers -- Indonesia was in first place followed by the Philippines.

Overall, consumers in the region are feeling optimistic about the economic outlook compared to the rest of the world, Vishal Bali, managing director of Nielsen's consumer insights business in Southeast Asia, said.

Nielsen polled more than 29,000 consumers in 58 countries.

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