Vietnamese Consumers still Relatively Confident, Says Nielsen

Vietnam’s consumer confidence is wavering in the face of the global economic crisis – sliding down the scale for the sixth consecutive time since the survey was first undertaken in 2006, announced The Nielsen Company on April 23.

 

Vietnam’s confidence index fell to 84.5 from 97.1 in October 2008. Comparing this to a global average index of 77, Vietnam has faired well.  In terms of rank, Vietnam is the 11^th most confident country globally, but that’s down from 9^th in October 2008 and 7^th in first half 2008.

 

 “History tells us that the Vietnamese people are resilient and today they still remain relatively positive when compared to the rest of the world,” said Aaron Cross, Managing Director, The Nielsen Company Vietnam.  “GDP growth estimates for 2009 have been revised down by most experts agree but we are still a long way from being in a recession in Vietnam”.

Vietnamese are the 6^th most optimistic about future job prospects globally; and the most confident about their country getting out of the economic recession within the next 12 months.